Baker Hughes (NASDAQ:BKR) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Baker Hughes (NASDAQ:BKR) posted its earnings results on Thursday. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07, Zacks reports. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%.

Baker Hughes Stock Performance

Shares of NASDAQ BKR traded up $1.53 during midday trading on Thursday, reaching $44.60. 11,013,352 shares of the company traded hands, compared to its average volume of 7,087,644. The company has a market cap of $44.13 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 0.88 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.30 and a quick ratio of 0.88. Baker Hughes has a 52 week low of $28.32 and a 52 week high of $47.47. The stock has a 50-day moving average price of $43.00 and a 200 day moving average price of $38.96.

Baker Hughes Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be issued a $0.23 dividend. This is an increase from Baker Hughes’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 2.06%. Baker Hughes’s dividend payout ratio (DPR) is 37.67%.

Insider Buying and Selling at Baker Hughes

In other news, EVP Maria C. Borras sold 8,000 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $44.77, for a total transaction of $358,160.00. Following the transaction, the executive vice president now owns 173,302 shares in the company, valued at approximately $7,758,730.54. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Susquehanna lifted their price target on shares of Baker Hughes from $46.00 to $48.00 and gave the company a “positive” rating in a research note on Thursday, October 24th. Jefferies Financial Group boosted their target price on shares of Baker Hughes from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Atb Cap Markets cut Baker Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. TD Cowen lowered their price objective on shares of Baker Hughes from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus boosted their price target on shares of Baker Hughes from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Baker Hughes presently has an average rating of “Moderate Buy” and an average target price of $48.06.

About Baker Hughes

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.