Baker Hughes Company (NYSE:BKR) – Stock analysts at Piper Sandler boosted their Q4 2020 EPS estimates for Baker Hughes in a research report issued on Thursday, June 25th. Piper Sandler analyst B. Herbert now forecasts that the company will post earnings per share of $0.14 for the quarter, up from their previous forecast of $0.10. Piper Sandler currently has a “Overweight” rating and a $15.00 target price on the stock. Piper Sandler also issued estimates for Baker Hughes’ Q2 2021 earnings at $0.11 EPS, Q3 2021 earnings at $0.15 EPS and FY2021 earnings at $0.58 EPS.

Baker Hughes (NYSE:BKR) last posted its earnings results on Wednesday, April 22nd. The company reported $0.11 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.11. Baker Hughes had a positive return on equity of 1.53% and a negative net margin of 42.77%. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The business’s revenue was down 3.4% compared to the same quarter last year.

BKR has been the topic of several other research reports. JPMorgan Chase & Co. dropped their price target on Baker Hughes from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Barclays boosted their price target on Baker Hughes from $14.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Northland Securities started coverage on Baker Hughes in a report on Friday, May 29th. They issued a “market perform” rating and a $17.00 price objective on the stock. Royal Bank of Canada reaffirmed a “buy” rating on shares of Baker Hughes in a report on Tuesday, June 23rd. Finally, Wells Fargo & Co lowered their price objective on Baker Hughes from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $17.68.

Shares of BKR stock opened at $14.70 on Monday. The stock has a market capitalization of $15.18 billion, a PE ratio of -0.95, a price-to-earnings-growth ratio of 9.56 and a beta of 1.74. Baker Hughes has a 52-week low of $9.12 and a 52-week high of $25.99. The stock’s 50-day moving average price is $15.82 and its 200 day moving average price is $17.75. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.35.

Institutional investors and hedge funds have recently modified their holdings of the business. AXA acquired a new stake in shares of Baker Hughes during the 1st quarter worth $199,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Baker Hughes during the 1st quarter worth $4,771,000. Finally, State Street Corp acquired a new stake in shares of Baker Hughes during the 1st quarter worth $361,242,000. Institutional investors own 96.02% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 26th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.72 annualized dividend and a yield of 4.90%. Baker Hughes’s dividend payout ratio (DPR) is presently 84.71%.

Baker Hughes Company Profile

Baker Hughes Company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas and oilfield service companies.

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Earnings History and Estimates for Baker Hughes (NYSE:BKR)

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