Seaport Res Ptn Predicts Lower Earnings for Baker Hughes

Baker Hughes (NASDAQ:BKR) – Investment analysts at Seaport Res Ptn reduced their Q1 2025 earnings estimates for shares of Baker Hughes in a note issued to investors 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 forecast 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.

Baker Hughes (NASDAQ:BKR) last posted its 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 net margin of 10.70% and a return on equity of 14.58%.

A number of other research firms have also weighed in on BKR. JPMorgan Chase & Co. upped their target price on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Benchmark restated a “buy” rating and issued a $57.00 target price on shares of Baker Hughes in a report on Tuesday, February 11th. Bank of America upped their price objective on shares of Baker Hughes from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Stifel Nicolaus upped their price objective on shares of Baker Hughes from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Evercore ISI upped their price objective on shares of Baker Hughes from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Baker Hughes presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.06.

Baker Hughes Trading Up 0.2 %

BKR opened at $44.69 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94. Baker Hughes has a fifty-two week low of $30.93 and a fifty-two week high of $49.40. The firm has a market capitalization of $44.25 billion, a PE ratio of 15.00, a P/E/G ratio of 2.00 and a beta of 1.30. The company’s 50-day moving average is $44.95 and its 200 day moving average is $41.26.

Baker Hughes Increases Dividend

The firm 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. The ex-dividend date was Tuesday, February 11th. This is an increase from Baker Hughes’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 2.06%. Baker Hughes’s dividend payout ratio (DPR) is 30.87%.

Insider Buying and Selling

In related news, EVP Maria C. Borras sold 8,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 173,302 shares of the company’s stock, valued at approximately $7,758,730.54. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is owned by insiders.

Institutional Trading of Baker Hughes

Institutional investors and hedge funds have recently bought and sold shares of the company. JFS Wealth Advisors LLC lifted its stake in Baker Hughes by 135.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company’s stock worth $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 worth approximately $30,000. Larson Financial Group LLC lifted its stake in Baker Hughes by 41.2% in the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company’s stock worth $30,000 after purchasing an additional 216 shares in the last quarter. True Wealth Design LLC lifted its stake in Baker Hughes by 2,181.6% in the 3rd quarter. True Wealth Design LLC now owns 867 shares of the company’s stock worth $31,000 after purchasing an additional 829 shares in the last quarter. Finally, Groupama Asset Managment lifted its stake in Baker Hughes by 1,045.1% in the 3rd quarter. Groupama Asset Managment now owns 889,378 shares of the company’s stock worth $32,000 after purchasing an additional 811,711 shares in the last quarter. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

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.