Analysts Set Baker Hughes Company (NASDAQ:BKR) PT at $53.42

Shares of Baker Hughes Company (NASDAQ:BKR) have received a consensus recommendation of “Moderate Buy” from the twenty-seven brokerages that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $53.4167.

A number of equities research analysts have recently commented on BKR shares. Barclays lifted their target price on Baker Hughes from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Bank of America raised their price objective on shares of Baker Hughes from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Melius Research started coverage on shares of Baker Hughes in a research note on Wednesday, August 20th. They issued a “buy” rating and a $60.00 target price on the stock. Stifel Nicolaus increased their target price on shares of Baker Hughes from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, Citigroup decreased their price target on shares of Baker Hughes from $56.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, October 27th.

Insider Buying and Selling at Baker Hughes

In related news, EVP Sreeganesh Ramaswamy sold 25,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. Following the sale, the executive vice president directly owned 40,520 shares in the company, valued at approximately $2,026,000. The trade was a 38.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Rebecca L. Charlton sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total transaction of $50,000.00. Following the sale, the chief accounting officer directly owned 11,772 shares in the company, valued at approximately $588,600. This trade represents a 7.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.27% of the company’s stock.

Institutional Trading of Baker Hughes

Institutional investors have recently added to or reduced their stakes in the stock. CIBC Bancorp USA Inc. purchased a new position in Baker Hughes during the 3rd quarter valued at about $8,394,000. WBI Investments LLC bought a new position in shares of Baker Hughes in the third quarter valued at approximately $1,059,000. Coldstream Capital Management Inc. grew its stake in Baker Hughes by 2.2% during the third quarter. Coldstream Capital Management Inc. now owns 13,183 shares of the company’s stock valued at $642,000 after acquiring an additional 288 shares in the last quarter. Danske Bank A S bought a new stake in Baker Hughes during the 3rd quarter worth approximately $4,310,000. Finally, Advisory Services Network LLC increased its holdings in Baker Hughes by 3.4% during the 3rd quarter. Advisory Services Network LLC now owns 31,087 shares of the company’s stock worth $1,515,000 after acquiring an additional 1,024 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Price Performance

Shares of NASDAQ BKR opened at $50.17 on Thursday. The company has a market capitalization of $49.51 billion, a PE ratio of 17.30, a PEG ratio of 2.06 and a beta of 1.03. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average price is $47.97 and its 200-day moving average price is $43.70. Baker Hughes has a twelve month low of $33.60 and a twelve month high of $50.92.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results on Friday, November 18th. The company reported $0.16 EPS for the quarter. Baker Hughes had a return on equity of 14.22% and a net margin of 10.43%.The company had revenue of $5.09 billion during the quarter. On average, equities analysts anticipate that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Tuesday, November 4th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, November 4th. Baker Hughes’s dividend payout ratio (DPR) is currently 31.72%.

Baker Hughes Company Profile

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.