Q1 EPS Estimates for Baker Hughes Reduced by Seaport Res Ptn

Baker Hughes (NASDAQ:BKR - Free Report) - Stock analysts at Seaport Res Ptn decreased their Q1 2025 earnings per share estimates for shares of Baker Hughes in a research note issued on Monday, March 17th. Seaport Res Ptn analyst T. Curran now forecasts that the company will earn $0.49 per share for the quarter, down from their prior estimate of $0.53. The consensus estimate for Baker Hughes' current full-year earnings is $2.59 per share. Seaport Res Ptn also issued estimates for Baker Hughes' FY2025 earnings at $2.64 EPS.

BKR has been the topic of a number of other reports. The Goldman Sachs Group upped their price target on shares of Baker Hughes from $51.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Susquehanna raised their price target on Baker Hughes from $53.00 to $55.00 and gave the company a "positive" rating in a research report on Monday, February 3rd. Royal Bank of Canada lifted their target price on shares of Baker Hughes from $49.00 to $53.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Bank of America lifted their target price on shares of Baker Hughes from $42.00 to $48.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Finally, Atb Cap Markets downgraded shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $51.06.

Remove Ads

Baker Hughes Stock Down 1.3 %

Shares of NASDAQ:BKR traded down $0.58 during mid-day trading on Wednesday, hitting $44.11. 20,138,327 shares of the company traded hands, compared to its average volume of 6,279,901. The stock has a market cap of $43.67 billion, a P/E ratio of 14.80, a P/E/G ratio of 2.00 and a beta of 1.30. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $44.97 and a two-hundred day moving average price of $41.37. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. JFS Wealth Advisors LLC boosted its holdings in Baker Hughes by 135.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock valued at $27,000 after purchasing an additional 386 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Baker Hughes in the 4th quarter valued at approximately $30,000. Larson Financial Group LLC boosted its holdings in Baker Hughes by 41.2% during the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company's stock worth $30,000 after buying an additional 216 shares in the last quarter. True Wealth Design LLC boosted its holdings in Baker Hughes by 2,181.6% during the third quarter. True Wealth Design LLC now owns 867 shares of the company's stock worth $31,000 after buying an additional 829 shares in the last quarter. Finally, Groupama Asset Managment boosted its holdings in Baker Hughes by 1,045.1% during the third quarter. Groupama Asset Managment now owns 889,378 shares of the company's stock worth $32,000 after buying an additional 811,711 shares in the last quarter. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Baker Hughes

In related news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the transaction, the executive vice president now directly owns 173,302 shares of the company's stock, valued at $7,758,730.54. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is owned by insiders.

Baker Hughes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were issued a $0.23 dividend. This is a positive change from Baker Hughes's previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 2.09%. The ex-dividend date was Tuesday, February 11th. Baker Hughes's payout ratio is 30.87%.

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.