B of A Securities Maintains Buy on Baker Hughes, Lowers Price Target to $38
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B of A Securities analyst Saurabh Pant maintains Baker Hughes (NASDAQ:BKR) with a Buy and lowers the price target from $40 to $38.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/25/2024 | Hold → Buy | Argus | |
| 9/25/2024 | $40.00 → $42.00 | Equal Weight → Overweight | Wells Fargo |
| 7/29/2024 | $46.00 → $50.00 | Buy | TD Cowen |
| 1/29/2024 | Outperform → Peer Perform | Wolfe Research | |
| 1/25/2024 | $46.00 → $49.00 | Outperform | TD Cowen |
| 7/12/2023 | $38.00 | Buy | BofA Securities |
| 6/7/2023 | $38.00 | Overweight | CapitalOne |
| 4/19/2023 | $31.00 | Neutral | UBS |
4 analysts have shared their evaluations of Baker Hughes (NASDAQ:BKR) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 0 0 0 Last 30D 1 1 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $42.0, a high estimate of $46.00, and a low estimate of $38.00. A negative shift in sentiment is evident as anal
B of A Securities analyst Saurabh Pant maintains Baker Hughes (NASDAQ:BKR) with a Buy and lowers the price target from $40 to $38.
Third-quarter highlights Orders of $6.7 billion, including $2.9 billion of IET orders.RPO of $33.4 billion, including record IET RPO of $30.2 billion.Revenue of $6.9 billion, up 4% year-over-year.Attributable net income of $766 million.GAAP diluted EPS of $0.77 and adjusted diluted EPS* of $0.67.Adjusted EBITDA* of $1,208 million, up 23% year-over-year.Cash flows from operating activities of $1,010 million and free cash flow* of $754 million.Returns to shareholders of $361 million, including $152 million of share repurchases. HOUSTON and LONDON, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ:BKR) ("Baker Hughes" or the "Company") announced results today for the third qua
HOUSTON and LONDON, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR) announced today that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.21 per share of Class A common stock payable on Nov. 14, 2024, to holders of record on Nov. 4, 2024. In line with our stated goal to responsibly grow the dividend over time, the dividend reflects a 5% increase, or $0.01, compared to the same quarter last year. Baker Hughes expects to fund its quarterly cash dividend from cash generated from operations. About Baker Hughes:Baker Hughes (NASDAQ:BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a cent
Second-quarter highlights Orders of $7.5 billion, including $3.5 billion of IET orders.RPO of $33.5 billion, including record IET RPO of $30.2 billion.Revenue of $7.1 billion, up 13% year-over-year.Net income attributable to the Company of $579 million.GAAP diluted EPS of $0.58 and adjusted diluted EPS* of $0.57.Adjusted EBITDA* of $1,130 million, up 25% year-over-year.Cash flows from operating activities of $348 million and free cash flow* of $106 million.Returns to shareholders of $375 million, including $166 million of share repurchases. HOUSTON and LONDON, July 25, 2024 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ:BKR) ("Baker Hughes" or the "Company") announced resul
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Argus upgraded Baker Hughes from Hold to Buy
Wells Fargo upgraded Baker Hughes from Equal Weight to Overweight and set a new price target of $42.00 from $40.00 previously
TD Cowen reiterated coverage of Baker Hughes with a rating of Buy and set a new price target of $50.00 from $46.00 previously
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New liquid mud plant is the largest in Namibia in terms of volume and capacityWalvis Bay Port location will enhance efficiencies for customers and support local employment WALVIS BAY, Namibia, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR), an energy technology company, announced Thursday the opening of its new liquid mud plant, cement bulk facility and integrated multi-modal facility to support Namibia's burgeoning energy industry and increase localization opportunities. The facilities, including Namibia's largest liquid mud plant in terms of volume and capacity, will serve as a key infrastructure necessary to supply drilling and completions fluids and cement bulk handling
Baker Hughes to deliver integrated gas recovery and hydrogen sulfide (H2S) removal system Solution expected to recover flare gas equivalent up to 7 million Nm3 of methane per year, and further reduce CO2 emissions by up to 11,000 tons per year Recovered flare gas will be used as fuel within the refinery, improving efficiency and reducing consumption and operating costsContract signed at COP29 in Baku, Azerbaijan BAKU, Azerbaijan, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR), an energy technology company, and SOCAR announced Thursday the signing of a contract for an integrated gas recovery and hydrogen sulfide (H2S) removal system that will significantly reduce downstream fl
Company to support projects in Brazil's pre-salt fields, reinforcing position as a leading provider of flexible pipe for deepwater and high CO2 projectsLocal manufacturing boost Brazilian economy, strengthen energy supply chain HOUSTON and LONDON, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR), an energy technology company, announced Monday significant contracts with Petrobras to provide 77 km of flexible pipe systems to be deployed in Brazil's pre-salt fields. The agreement was signed Oct. 15, 2024, following an open tender. The multi-year project includes risers and flowlines for hydrocarbon production and associated gas and water injection with support for equipment s
FORNEBU, Norway, Oct. 21, 2024 /PRNewswire/ -- Akastor ASA's (OSE: AKAST) 50% owned affiliate HMH Holding B.V. ("HMH") has today announced that Mr. Daniel "Dan" W. Rabun has been appointed as Chairman of the Board of Directors effective October 21, 2024. Mr. Rabun is a seasoned executive with extensive leadership experience across multiple industries, having held key roles such as CEO, Chairman, and Board member at major companies, including Ensco plc, Golar LNG Ltd, ChampionX Corporation, Borr Drilling, and APA Corporation. A copy of HMH's announcement with further details can be found on their webpage; https://hmhw.com/news/. For further information, please contact: Øyvind Paaske Chief Fi
HMH announced today that Mr. Daniel "Dan" W. Rabun has been appointed as Chairman of the Board of Directors effective October 21, 2024. Mr. Rabun is a seasoned executive with extensive leadership experience across multiple industries, having held key roles as CEO, Chairman, and Board member across multiple major companies. He joined Ensco plc in 2006 as President and Board member, later becoming CEO in 2007 and Chairman in 2007. He retired from Ensco in 2014 and as Chairman in 2015. He also held key positions with Golar LNG Ltd, including Chairman from 2015 to 2017, and currently serves as non-executive Chairman of ChampionX Corporation and as a Director of Borr Drilling. He has also serve
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