Seaport Res Ptn Predicts Increased Earnings for Baker Hughes

Baker Hughes (NASDAQ:BKR) – Investment analysts at Seaport Res Ptn upped their Q1 2025 EPS estimates for Baker Hughes in a research report issued to clients and investors on Tuesday, October 29th. Seaport Res Ptn analyst T. Curran now forecasts that the company will earn $0.49 per share for the quarter, up from their previous forecast of $0.45. The consensus estimate for Baker Hughes’ current full-year earnings is $2.25 per share. Seaport Res Ptn also issued estimates for Baker Hughes’ Q2 2025 earnings at $0.63 EPS, Q4 2025 earnings at $0.66 EPS and FY2025 earnings at $2.52 EPS.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. The business had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $7.21 billion. Baker Hughes had a net margin of 7.37% and a return on equity of 12.45%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 earnings per share.

A number of other research firms also recently weighed in on BKR. Barclays increased their price target on shares of Baker Hughes from $41.00 to $46.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Stifel Nicolaus raised their target price on shares of Baker Hughes from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Citigroup dropped their price target on shares of Baker Hughes from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, September 27th. Benchmark reaffirmed a “buy” rating and set a $42.00 price target on shares of Baker Hughes in a research note on Thursday, October 24th. Finally, Susquehanna lifted their price target on shares of Baker Hughes from $46.00 to $48.00 and gave the stock a “positive” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $44.12.

Baker Hughes Stock Performance

NASDAQ:BKR opened at $37.49 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The company has a market cap of $37.41 billion, a P/E ratio of 20.94, a P/E/G ratio of 0.61 and a beta of 1.38. Baker Hughes has a fifty-two week low of $28.32 and a fifty-two week high of $39.05. The firm’s 50 day moving average is $35.86 and its two-hundred day moving average is $34.46.

Baker Hughes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 4th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Monday, November 4th. Baker Hughes’s dividend payout ratio (DPR) is presently 46.93%.

Insider Activity

In other news, CEO Lorenzo Simonelli sold 114,286 shares of Baker Hughes stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $35.00, for a total value of $4,000,010.00. Following the completion of the transaction, the chief executive officer now directly owns 502,053 shares of the company’s stock, valued at approximately $17,571,855. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On Baker Hughes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Twin Tree Management LP boosted its holdings in Baker Hughes by 183.0% during the first quarter. Twin Tree Management LP now owns 338,738 shares of the company’s stock worth $11,348,000 after buying an additional 219,060 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Baker Hughes by 20.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 726,291 shares of the company’s stock worth $25,544,000 after acquiring an additional 123,689 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Baker Hughes by 134.7% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 238,857 shares of the company’s stock worth $8,002,000 after purchasing an additional 137,099 shares during the period. Wakefield Asset Management LLLP lifted its holdings in shares of Baker Hughes by 132.1% during the first quarter. Wakefield Asset Management LLLP now owns 118,484 shares of the company’s stock valued at $3,969,000 after purchasing an additional 67,440 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Baker Hughes by 4.7% in the 1st quarter. National Bank of Canada FI now owns 869,786 shares of the company’s stock valued at $28,129,000 after purchasing an additional 39,031 shares during the period. 92.06% of the stock is owned by 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.