Baker Hughes (NASDAQ:BKR) Given New $54.00 Price Target at Stifel Nicolaus

Baker Hughes (NASDAQ:BKR) had its price objective lifted by Stifel Nicolaus from $48.00 to $54.00 in a report published on Monday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on BKR. BMO Capital Markets lifted their price target on Baker Hughes from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. The Goldman Sachs Group lifted their target price on shares of Baker Hughes from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Argus raised shares of Baker Hughes from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Evercore ISI boosted their price objective on shares of Baker Hughes from $46.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th. Finally, Citigroup increased their target price on shares of Baker Hughes from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.00.

Baker Hughes Trading Up 2.6 %

Shares of BKR opened at $47.40 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. Baker Hughes has a fifty-two week low of $28.32 and a fifty-two week high of $47.60. The firm has a 50 day moving average price of $43.03 and a 200-day moving average price of $39.12. The firm has a market cap of $46.90 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 0.89 and a beta of 1.39.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. As a group, equities research analysts forecast that Baker Hughes will post 2.55 earnings per share for the current year.

Baker Hughes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.94%. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, February 11th. Baker Hughes’s dividend payout ratio (DPR) is presently 28.19%.

Insider Activity at Baker Hughes

In other news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction dated Monday, January 27th. The stock was 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 owns 173,302 shares of the company’s stock, valued at $7,758,730.54. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BKR. Cromwell Holdings LLC increased its holdings in shares of Baker Hughes by 9.3% in the 4th quarter. Cromwell Holdings LLC now owns 3,169 shares of the company’s stock worth $130,000 after purchasing an additional 269 shares in the last quarter. Bridges Investment Management Inc. boosted its position in shares of Baker Hughes by 3.1% during the third quarter. Bridges Investment Management Inc. now owns 9,203 shares of the company’s stock valued at $333,000 after buying an additional 273 shares during the last quarter. 180 Wealth Advisors LLC increased its holdings in Baker Hughes by 1.3% in the 4th quarter. 180 Wealth Advisors LLC now owns 22,506 shares of the company’s stock worth $923,000 after buying an additional 295 shares in the last quarter. Graypoint LLC lifted its stake in Baker Hughes by 3.0% during the 3rd quarter. Graypoint LLC now owns 10,288 shares of the company’s stock valued at $372,000 after acquiring an additional 301 shares during the period. Finally, Key Financial Inc boosted its holdings in shares of Baker Hughes by 16.3% during the 4th quarter. Key Financial Inc now owns 2,676 shares of the company’s stock valued at $110,000 after acquiring an additional 376 shares during the last quarter. Institutional investors own 92.06% of the company’s stock.

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.