Baker Hughes (BKR) PT Raised to $43 at JPMorgan

Baker Hughes (BKR) PT Raised to $42 at Benchmark

July 29, 2024 7:11 AM EDT

Benchmark analyst Kurt Hallead raised the price target on Baker Hughes (NASDAQ: BKR) to $42.00 (from $40.00) while maintaining a Buy rating.

The analyst comments "OFSE EBITDA margins are expected to hit 19% in the 4Q24 which puts BKRs target of 20% in 2025 easily in reach.... More

Baker Hughes (BKR) PT Raised to $43 at BofA Securities

July 29, 2024 6:34 AM EDT

BofA Securities analyst Saurabh Pant raised the price target on Baker Hughes (NASDAQ: BKR) to $43.00 (from $39.00) while maintaining a Buy rating.

The analyst comments "Baker Hughess 2Q24 EBITDA was 8% ahead of the Street. The results demonstrated the strength of the cycle beyond the LNG... More

Baker Hughes (BKR) PT Raised to $43 at Goldman Sachs

July 29, 2024 5:25 AM EDT

Goldman Sachs analyst Neil Mehta raised the price target on Baker Hughes (NASDAQ: BKR) to $43.00 (from $39.00) while maintaining a Buy rating.

The analyst comments "We continue to recommend Baker Hughes shares where the company's defensive portfolio of relatively more industrial offerings is likely to continue to... More

Baker Hughes (BKR) PT Raised to $44 at Citi

July 29, 2024 5:02 AM EDT

Citi analyst Scott Gruber raised the price target on Baker Hughes (NASDAQ: BKR) to $44.00 (from $42.00) while maintaining a Buy rating.

The analyst comments "Beat and raises have been rare in OFS, but BKR delivered a solid one in 2q. Beyond managing some... More

Baker Hughes sees lower North America activity; bets on foreign demand

July 26, 2024 12:20 PM EDT

HOUSTON (Reuters) - Baker Hughes cut its outlook for spending by oil producers on Friday, citing lower drilling activity by North American companies, joining other oilfield service companies in warning about softness in the region.

However, the company raised its full-year revenue and profit estimates, banking on strong international growth and demand for gas equipment.

Shares of the company, which beat analysts' estimates for second-quarter profit on Thursday, rose 4% to $36.99.

Lukewarm demand and a wave of... More

Baker Hughes (BKR) PT Raised to $46 at Evercore ISI, 'Momentum Continues To Build'

July 26, 2024 12:12 PM EDT

Evercore ISI analyst James West raised the price target on Baker Hughes (NASDAQ: BKR) to $46.00 (from $42.00) while maintaining a Outperform rating.

The analyst comments "Momentum Continues To Build. Baker continues to improve and optimize its performance by capitalizing on opportunities in the... More

Midday movers: Bristol-Myers, 3M and Deckers rise; Dexcom falls

July 26, 2024 7:47 AM EDT

(Updated - July 26, 2024 11:27 AM EDT)

Investing.com -- U.S. stock futures rose Friday, rebounding after hefty losses in megacap tech this week, as inflation data was in-line with consensus.

Here are some of the biggest U.S. stock movers today:

3M Company (NYSE: MMM) stock rose 17% after the industrial conglomerate raised the low end of its full-year adjusted profit forecast expecting to benefit from restructuring measures and increasing demand for electronics.

Bristol-Myers Squibb (NYSE: BMY) stock... More

Baker Hughes Company (BKR) Tops Q2 EPS by 8c

July 25, 2024 5:03 PM EDT

Baker Hughes Company (NASDAQ: BKR) reported Q2 EPS of $0.57, $0.08 better than the analyst estimate of $0.49. Revenue for the quarter came in at $7.14 billion versus the consensus estimate of $6.81 billion.

"Our strong second-quarter results further demonstrate that we are on the right path... More

Baker Hughes Company (BKR) Declares $0.21 Quarterly Dividend; 2.4% Yield

July 25, 2024 4:07 PM EDT

Baker Hughes Company (NASDAQ: BKR) declared a quarterly dividend of $0.21 per share, or $0.84 annualized.

The dividend will be payable on August 16, 2024, to stockholders of record on August 6, 2024, with an ex-dividend date of August 5, 2024.

The annual yield on the dividend is 2.4... More