Baker Hughes (NASDAQ:BKR) Rating Reiterated by Susquehanna

Baker Hughes (NASDAQ:BKR)‘s stock had its “positive” rating reissued by stock analysts at Susquehanna in a note issued to investors on Monday, Benzinga reports. They presently have a $40.00 price objective on the stock. Susquehanna’s target price would indicate a potential upside of 16.99% from the stock’s current price.

Several other research analysts also recently commented on BKR. Royal Bank of Canada reissued an “outperform” rating and issued a $39.00 target price on shares of Baker Hughes in a report on Thursday, February 1st. Wolfe Research cut Baker Hughes from an “outperform” rating to a “peer perform” rating in a report on Monday, January 29th. Citigroup decreased their price objective on shares of Baker Hughes from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, January 26th. TD Cowen boosted their target price on shares of Baker Hughes from $46.00 to $49.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, Barclays decreased their price target on shares of Baker Hughes from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.87.

Baker Hughes Price Performance

Baker Hughes stock opened at $34.19 on Monday. The business has a 50 day simple moving average of $31.06 and a 200 day simple moving average of $32.70. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.25 and a quick ratio of 0.86. The company has a market capitalization of $34.22 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 0.71 and a beta of 1.42. Baker Hughes has a one year low of $26.81 and a one year high of $37.58.

Baker Hughes (NASDAQ:BKR) last issued its earnings results on Wednesday, January 24th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. Baker Hughes had a net margin of 7.62% and a return on equity of 10.63%. The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the previous year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, sell-side analysts forecast that Baker Hughes will post 2.07 EPS for the current fiscal year.

Insider Buying and Selling at Baker Hughes

In related news, SVP James E. Apostolides sold 5,000 shares of Baker Hughes stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $33.88, for a total transaction of $169,400.00. Following the transaction, the senior vice president now owns 14,998 shares of the company’s stock, valued at approximately $508,132.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Baker Hughes news, SVP James E. Apostolides sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.44, for a total value of $294,400.00. Following the completion of the transaction, the senior vice president now directly owns 14,451 shares of the company’s stock, valued at $425,437.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP James E. Apostolides sold 5,000 shares of the stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $33.88, for a total value of $169,400.00. Following the completion of the sale, the senior vice president now owns 14,998 shares of the company’s stock, valued at $508,132.24. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Baker Hughes

Several institutional investors have recently modified their holdings of the business. Jefferies Financial Group Inc. acquired a new position in Baker Hughes in the 4th quarter worth $27,000. Hall Laurie J Trustee acquired a new position in shares of Baker Hughes during the third quarter worth about $28,000. Bruce G. Allen Investments LLC bought a new position in shares of Baker Hughes during the fourth quarter worth about $33,000. Montag A & Associates Inc. grew its holdings in shares of Baker Hughes by 100.0% during the fourth quarter. Montag A & Associates Inc. now owns 1,000 shares of the company’s stock worth $34,000 after buying an additional 500 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Baker Hughes in the 3rd quarter valued at approximately $36,000. Institutional investors own 92.06% of the company’s stock.

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.