Wall Street Zen Upgrades Baker Hughes (NASDAQ:BKR) to “Buy”

Baker Hughes (NASDAQ:BKR) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of Baker Hughes from $60.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Weiss Ratings downgraded Baker Hughes from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Wolfe Research assumed coverage on Baker Hughes in a research report on Wednesday, July 8th. They issued an “outperform” rating and a $70.00 price target on the stock. HSBC increased their price target on Baker Hughes from $67.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Finally, TD Cowen lifted their price objective on Baker Hughes from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.95.

Baker Hughes Stock Up 0.4%

NASDAQ:BKR opened at $58.72 on Tuesday. Baker Hughes has a one year low of $41.96 and a one year high of $70.41. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.09 and a quick ratio of 1.77. The company has a market cap of $58.25 billion, a PE ratio of 18.94, a P/E/G ratio of 2.38 and a beta of 0.96. The firm’s 50 day simple moving average is $59.58 and its 200 day simple moving average is $60.18.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Sunday, July 26th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.13. The firm had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.54 billion. Baker Hughes had a net margin of 11.17% and a return on equity of 13.85%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 EPS. On average, research analysts anticipate that Baker Hughes will post 2.31 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Lorenzo Simonelli sold 181,411 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $58.43, for a total transaction of $10,599,844.73. Following the completion of the sale, the chief executive officer owned 703,444 shares of the company’s stock, valued at $41,102,232.92. This trade represents a 20.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Rebecca L. Charlton sold 5,088 shares of Baker Hughes stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $64.22, for a total transaction of $326,751.36. Following the completion of the sale, the chief accounting officer owned 15,997 shares of the company’s stock, valued at $1,027,327.34. This represents a 24.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 367,910 shares of company stock valued at $22,420,797. 0.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Baker Hughes

A number of large investors have recently bought and sold shares of the stock. EFG International AG bought a new position in shares of Baker Hughes during the 4th quarter worth about $26,000. Cullen Frost Bankers Inc. increased its position in Baker Hughes by 344.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 604 shares of the company’s stock valued at $27,000 after buying an additional 468 shares in the last quarter. Quarry LP bought a new stake in Baker Hughes in the 4th quarter valued at about $31,000. MV Capital Management Inc. acquired a new position in Baker Hughes during the 4th quarter worth approximately $34,000. Finally, Acumen Wealth Advisors LLC acquired a new position in Baker Hughes during the 4th quarter worth approximately $35,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes News Roundup

Here are the key news stories impacting Baker Hughes this week:

• Positive Sentiment: Major 1.3-gigawatt power-generation order: Dynamis Power Solutions ordered 76 Baker Hughes NovaLT16 gas turbines, along with BRUSH generators, gearboxes and controls, for data centers and oil-and-gas applications. The turbines were booked in the second quarter, while the associated equipment was booked in the third quarter, providing visibility into future revenue. Dynamis Power Solutions Awards Baker Hughes Major Power Generation Order for Data Centers, Oil & Gas
• Positive Sentiment: Analysts remain bullish: J.P. Morgan reaffirmed its Buy rating, while Piper Sandler maintained its Buy recommendation. Susquehanna also raised its price target from $70 to $72 and assigned a Positive rating, implying substantial upside based on the referenced price. J.P. Morgan Reaffirms Its Buy Rating Susquehanna Raises Baker Hughes Price Target
• Positive Sentiment: Operational momentum: Second-quarter commentary highlighted record Industrial & Energy Technology orders and robust cash flow. Baker Hughes also secured a technology order for Venture Global’s CP2 LNG expansion, supporting its LNG backlog and energy-transition businesses. Baker Hughes Q2 2026 Earnings Call Highlights Baker Hughes Wins Technology Order for Venture Global’s CP2 LNG Expansion
• Neutral Sentiment: Market commentary suggests sector rotation from pressured technology shares toward energy stocks could improve investor interest in BKR, although the potential impact depends on broader market volatility. Stocks Standing Out as the Tech Rally Cracks
• Negative Sentiment: Baker Hughes expects lower spending by oil-and-gas producers in 2026, a headwind for its traditional oilfield-services businesses. The new data-center and power-generation orders help diversify this risk but may not fully offset near-term industry caution. Baker Hughes Sees Lower Spending by Oil and Gas Producers in 2026

About Baker Hughes

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.