Baker Hughes (NASDAQ:BKR) Stock, Quote.Headers.trade-ideas

Baker Hughes

Baker Hughes is a global leader in oilfield services and oilfield equipment, with particularly strong presences in the artificial lift, specialty chemicals, and completions markets. It maintains modest exposure to offshore oil and gas production. The other half of its business focuses on industrial power generation, process solutions, and industrial asset management, with a high exposure to the liquid natural gas market specifically, as well as broader industrials end markets.

Milan,,Italy,-,August,10,,2017:,Halliburton,Logo,On,The

Analyst Color

Downgrades

Price Target

Analyst Ratings

Trading Ideas

Halliburton faces risk of lower revenue growth. RBC Capital Markets analyst downgrades stock and cuts price target.

Halliburton At A Disadvantage, Analyst Says: Schlumberger And Baker Hughes &#39;In Better Position&#39;

Oil.oilfield.shutterstock

Equities

Large Cap

News

Media

iShares Dow Jones US Oil Equipment & Services Index Fund

Baker Hughes Company reported a decrease in oil and gas rigs for the second consecutive week, due to lower prices and rising costs.

Baker Hughes Says US Oil And Gas Rig Count Declines For Second Week: Report

Crude Oil 6- logo

Macro Economic Events

Mid Cap

Sector ETFs

Specialty ETFs

Commodities

Global

Econ #s

Economics

ETFs

FANG

Oil prices rise despite OPEC cutting demand forecast; supply risks drive surge. USO surpasses $77 per barrel, XLE up 0.5%

Oil Prices Eye Fourth Straight Day Of Gains As Geopolitical Risks Overshadow OPEC&#39;s Cooler Demand Forecast

Baker Hughes Co

BUNKA SHUTTER CO ORD by Bunka Shutter Co.

Bunka Shutter Co Ltd

BANK IRELAND GRP EUR1 ORD by Bank Ireland Group PLC

Bank of Ireland Group PLC

BANK IRELAND GRP UNSP/ADR by Bank Ireland Group PLC

PT Bank Rakyat Indonesia (Persero) Tbk

BLACK ROCK PETROLEUM CO by Black Rock Petroleum Company

Black Rock Petroleum Co

BLACKROCK SILVER CORP by Blackrock Silver Corp.

Blackrock Silver Corp

BKRW - United States Dollar

UBS analyst Josh Silverstein maintains Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) with a Neutral and lowers the price target from $42 to $40.

UBS Maintains Neutral on Baker Hughes, Lowers Price Target to $40

Ratings for Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) were provided by 16 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $43.62, a high estimate of $50.00, and a low estimate of $38.00. Observing a 5.41% increase, the current average has risen from the previous average price target of $41.38. 
<img src="https://www.benzinga.com/files/images/story/2024/1726509644_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A comprehensive examination of how financial experts perceive Baker Hughes is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Connor Lynagh</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$42.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$42.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>James West</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$46.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Marc Bianchi</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$50.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Kurt Hallead</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$42.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Neil Mehta</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$43.00</td>
<td>$39.00</td>
</tr>
<tr>
<td>Sean Meakim</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$43.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Lloyd Byrne</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$48.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Keith Mackey</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$43.00</td>
<td>$39.00</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$40.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Charles Minervino</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$46.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Stephen Gengaro</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$45.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Kurt Hallead</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$40.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Saurabh Pant</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$38.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Luke Lemoine</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$44.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Lloyd Byrne</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$46.00</td>
<td>$45.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Baker Hughes. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Baker Hughes compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Baker Hughes's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
For valuable insights into Baker Hughes's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/BKR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Baker Hughes analyst ratings.</a>
<h2>Delving into Baker Hughes's Background</h2>
Baker Hughes is a global leader in oilfield services and oilfield equipment, with particularly strong presences in the artificial lift, specialty chemicals, and completions markets. It maintains modest exposure to offshore oil and gas production. The other half of its business focuses on industrial power generation, process solutions, and industrial asset management, with a high exposure to the liquid natural gas market specifically, as well as broader industrials end markets.
<h3>Key Indicators: Baker Hughes's Financial Health</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Positive Revenue Trend: Examining Baker Hughes's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 13.05% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Net Margin: Baker Hughes's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 8.11%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Baker Hughes's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 3.74%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Baker Hughes's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.57% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.38.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Scoreboard: 16 Ratings For Baker Hughes

Morgan Stanley analyst Connor Lynagh maintains Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) with a Overweight and lowers the price target from $43 to $42.

Morgan Stanley Maintains Overweight on Baker Hughes, Lowers Price Target to $42

Earlier this month, Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) said that a <a href="https://www.benzinga.com/markets/equities/24/09/40687585/why-is-halliburton-stock-falling-today">cyberattack had disrupted its critical business applications</a>.
A lower overall revenue diversification puts the company at a disadvantage against the backdrop of a tepid commodity macro, according to RBC Capital Markets.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/60b8b8f7e1e2bd0001d16400/keith-mackey">Analyst Keith Mackey</a> downgraded the rating for Halliburton from Outperform to Sector Perform, while slashing the price target from $44 to $37.
The Halliburton Thesis: While the company's revenue growth outpaced large cap OFS peers from 2021 to 2023, its revenues could lag by around 5% from 2024 to 2026, Mackey said in the downgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
"Lower growth is largely connected to HAL&#8217;s 42% revenue weighting to North America" versus the average of 23% of rivals Schlumberger NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) and Baker Hughes Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>), the analyst wrote. Global rig counts are "increasing at decreasing rates," which puts companies with greater geographic and business diversity in better position to outperform, he added.
While Halliburton has achieved margin expansion and lowered its capital intensity, "a potential upward inflection in E&amp;P spending should be more evident in dedicated US providers," Mackey stated.
HAL Price Action: Shares of Halliburton had risen by 0.29% to $28.10 at the time of publication on Friday.
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/24/09/40799626/brent-remains-under-pressure-china-and-rapid-growth-in-opec-production-to-blame">Brent Remains Under Pressure: China And Rapid Growth In OPEC+ Production To Blame</a></li>
</ul>
Image: Shutterstock

Halliburton At A Disadvantage, Analyst Says: Schlumberger And Baker Hughes 'In Better Position'

WIIM

AROC

BANL

BWLP

CTRA

EQNR

GPOR

GPRE

HAFN

MTDR

PFIE

PTEN

SDRL

SHEL

TRMD

VIST

WFRD

Shares of oil and gas companies are trading lower following reports suggesting an impending deal will restart Libyan oil production and exports.

On Friday, Baker Hughes Company&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) reportedly stated that U.S. energy firms reduced the number of oil and natural gas rigs for the second consecutive week, marking the first such decline since late June.
The oil and gas rig count decreased by one to 585 for the week ending August 23, bringing the total count down 47 rigs, or 7%, below the same period last year, reported Reuters.
The oil rigs remained steady at 483, while gas rigs fell by one to 97 this week. The rig count dropped about 20% in 2023 following significant increases in 2021 and 2022, due to lower oil and gas prices, rising costs, and a focus on debt reduction and shareholder returns.
As per the report, U.S. oil futures have risen about 5% in 2024 after a drop of 11% in 2023, whereas U.S. gas futures are down about 19% in 2024 following a 44% plunge in 2023.
Read: <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/08/40313301/oil-prices-eye-fourth-straight-day-of-gains-as-geopolitical-risks-overshadow-opecs-cooler-demand-f" rel="noreferrer noopener">Oil Prices Eye Fourth Straight Day Of Gains As Geopolitical Risks Overshadow OPEC&#8217;s Cooler Demand Forecast</a>
The rise in oil prices is expected to drive U.S. crude output up from a record 12.9 million barrels per day (bpd) in 2023 to 13.2 million bpd in 2024 and 13.7 million bpd in 2025, per the latest EIA outlook.
Conversely, gas producers cut back on drilling earlier this year after prices fell to 3½-year lows in February and March.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/40010863/these-analysts-boost-their-forecasts-on-baker-hughes-after-strong-q2-results" rel="noreferrer noopener">These Analysts Boost Their Forecasts On Baker Hughes After Strong Q2 Results</a>
Investors can gain exposure to BKR via&nbsp;VanEck Oil Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIH#NYSE">OIH</a>) and&nbsp;IShares U.S. Oil Equipment &amp; Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEZ#NYSE">IEZ</a>).
Price Action: BKR shares are up 1.33% at $35.69 at the last check Monday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40548944" target="_blank" rel="noreferrer noopener">Morgan Stanley Slashes Global Oil Demand Growth Forecast For 2024: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Baker Hughes's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NYSE">BKR</a>) short percent of float has fallen 10.66% since its last report. The company recently reported that it has 16.74 million shares sold short, which is 2.18% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.44 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Baker Hughes Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724421619_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Baker Hughes has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Baker Hughes's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Baker Hughes's peer group average for short interest as a percentage of float is 7.12%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(BKR) - Analyzing Baker Hughes's Short Interest

During the last three months, 15 analysts shared their evaluations of Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>), revealing diverse outlooks from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $43.73, along with a high estimate of $50.00 and a low estimate of $38.00. This current average has increased by 5.96% from the previous average price target of $41.27. 
<img src="https://www.benzinga.com/files/images/story/2024/1724158816_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The perception of Baker Hughes by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$42.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>James West</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$46.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Marc Bianchi</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$50.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Kurt Hallead</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$42.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Neil Mehta</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$43.00</td>
<td>$39.00</td>
</tr>
<tr>
<td>Sean Meakim</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$43.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Lloyd Byrne</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$48.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Keith Mackey</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$43.00</td>
<td>$39.00</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$40.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Charles Minervino</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$46.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Stephen Gengaro</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$45.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Kurt Hallead</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$40.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Saurabh Pant</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$38.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Luke Lemoine</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$44.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Lloyd Byrne</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$46.00</td>
<td>$45.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Baker Hughes. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Baker Hughes compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Baker Hughes's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Baker Hughes's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BKR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Baker Hughes analyst ratings.</a>
<h2>About Baker Hughes</h2>
Baker Hughes is a global leader in oilfield services and oilfield equipment, with particularly strong presences in the artificial lift, specialty chemicals, and completions markets. It maintains modest exposure to offshore oil and gas production. The other half of its business focuses on industrial power generation, process solutions, and industrial asset management, with a high exposure to the liquid natural gas market specifically, as well as broader industrials end markets.
<h3>Financial Milestones: Baker Hughes's Journey</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Positive Revenue Trend: Examining Baker Hughes's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 13.05% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.
Net Margin: Baker Hughes's net margin excels beyond industry benchmarks, reaching 8.11%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Baker Hughes's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 3.74%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Baker Hughes's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.57%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.38, Baker Hughes adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: What Are They?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Ratings For Baker Hughes

UBS analyst Josh Silverstein maintains Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) with a Neutral and raises the price target from $40 to $42.

UBS Maintains Neutral on Baker Hughes, Raises Price Target to $42

Oil is on course to secure its fourth <a href="https://www.benzinga.com/markets/commodities">consecutive session of gains.</a>
What Happened: Oil prices climbed by more than 1% at the start of the week. West Texas Intermediate (WTI) light crude futures, tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), surpassed $77 per barrel by 8:00 a.m. EST.
This rise comes despite the Organization of the Petroleum Exporting Countries (OPEC) cutting its global oil demand growth forecast. OPEC has revised its global oil demand growth estimate for 2024 to 1.78 million barrels per day (mb/d). That&#8217;s down from the previous projection of 1.85 mb/d. The oil cartel expects global oil demand in 2024 to average 104.32 mb/d.
For 2025, oil demand growth globally has also been lowered to 2.11 mb/d. That&#8217;s a reduction from the prior estimate of 2.25 mb/d.
&#8220;This slight revision reflects actual data received for the first quarter of 2024 and, in some cases, the second quarter, as well as reduced expectations for China&#8217;s oil demand growth in 2024,&#8221; OPEC stated in its latest monthly report.
See Also: <a href="https://www.benzinga.com/markets/asia/24/08/40309103/asia-and-europe-markets-mixed-crude-advances-and-gold-near-all-time-high-global-markets-today-while">Asia And Europe Markets Mixed; Crude Advances And Gold Near All-Time High &#8211; Global Markets Today While US Slept</a>
Why It Matters: The recent surge in oil prices is largely attributed to escalating supply risks, fueled by increasing geopolitical tensions in the Middle East, including a surprise <a href="https://www.aljazeera.com/news/2024/8/12/has-ukraines-incursion-into-russias-kursk-changed-dynamics-of-the-war">incursion</a> by Ukrainian forces into Russia.
On Monday, Russia began evacuating civilians from parts of a second region near Ukraine following a spike in military activity by Kyiv, as reported by Reuters. This comes just days after Ukraine&#8217;s most significant incursion into Russian territory since the war began in 2022. Last Tuesday, Ukrainian forces breached the Russian border and advanced through parts of the Kursk region, a move that could be aimed at gaining leverage in potential ceasefire talks post-U.S. elections in November.
Meanwhile, Ukraine and Russia exchanged accusations over an incident at the Zaporizhzhia nuclear power plant on Sunday. The International Atomic Energy Agency (IAEA) reported witnessing thick smoke from the northwestern area of the plant after hearing multiple explosions throughout the evening. 
The IAEA confirmed that an alleged drone attack targeted one of the plant&#8217;s cooling towers but assured there was no impact on nuclear safety. &#8220;These reckless attacks endanger nuclear safety at the plant and increase the risk of a nuclear accident. They must stop now,&#8221; said IAEA director general Rafael Mariano Grossi.
Additionally, tensions in the Middle East continue to rise. 
On Saturday, an Israeli airstrike on a Gaza City school compound, which had been converted into a shelter. The Gaza Civil Emergency Service reported that approximately 100 people were killed in the strike, while Israel claimed that around 20 militants were operating within the compound.
The White House expressed deep concern over the incident, joining several Arab states, Turkey, Britain, and the European Union&#8217;s foreign policy chief in condemning the attack. 
In response to changing demand dynamics, Saudi Arabia is expected to reduce its crude oil exports to China next month. The Kingdom, the world&#8217;s largest crude oil exporter, is set to ship 43 million barrels to China in September. That&#8217;s down from an estimated 46 million barrels in August, according to trade sources quoted by Reuters.
<h3 class="wp-block-heading">Stock Market Reactions</h3>
<ul>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) was up 0.5% by 8:00 a.m. in New York. </li>
<li>Top premarket performers: Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) and Baker Hughes Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NYSE">BKR</a>), both rising 1.4%.</li>
<li>The SPDR S&amp;P Oil &amp; Gas Exploration and Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>), which tracks companies in the upstream segment, also saw a 0.6% increase.</li>
<li>Vitesse Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTS#NYSE">VTS</a>) is up more than 3%.</li>
</ul>
Now Read:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40310004/nasdaq-s-p-500-futures-climb-after-volatile-week-as-traders-eye-inflation-data-and-retail-earnings-">Nasdaq, S&amp;P 500 Futures Climb After Volatile Week As Traders Eye Inflation Data and Retail Earnings: Strategist Says Not CPI But This Data Can Give People Lot Of Conviction</a></li>
</ul>

Oil Prices Eye Fourth Straight Day Of Gains As Geopolitical Risks Overshadow OPEC's Cooler Demand Forecast

Ecopetrol SA (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ec#NYSE">EC</a>) is set to report second-quarter 2024 earnings on Aug 13, after the closing bell.
In the last reported quarter, the company&#39;s earnings of 50 cents per share missed the Zacks Consensus Estimate of 59 cents. EC&#39;s earnings beat the Zacks Consensus Estimate in one of the trailing four quarters and missed the same twice, delivering an average negative surprise of 3.58%. This is depicted in the graph below.
<div class="chart_embed">
<h3>Ecopetrol S.A. Price and EPS Surprise</h3>
<img alt="Ecopetrol S.A. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/47/1723114580.png" style="height:263px; width:538px" title="" />
Ecopetrol S.A. price-eps-surprise | Ecopetrol S.A. Quote
</div>
<h3>Estimate Trend</h3>
The Zacks Consensus Estimate for&nbsp;second-quarter earnings&nbsp;per share of 59 cents has witnessed one downward movement over the past 30 days. The estimated figure suggests an improvement of 31.1% from the year-ago quarter&#39;s reported number.
The Zacks Consensus Estimate for second-quarter revenues of $8.7 billion indicates an 11.7% increase from the year-ago reported figure.
<h3>Factors to Consider</h3>
According to the U.S. Energy Information Administration, the average spot prices for West Texas Intermediate crude at Cushing, OK, were $85.35 per barrel in April, $80.02 in May and $79.77 in June. EIA data also suggested that the average spot prices for Europe Brent crude spot price were $89.94 per barrel in April, $81.75 in May and $82.25 in June. This indicates that the crude pricing environment in the second quarter was highly favorable for exploration and production activities for Ecopetrol &ndash; the leading integrated energy player in Colombia.
Despite this favorable pricing, drilling activities declined internationally. Baker Hughes Company&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkr#NASDAQ">BKR</a>) reported that in the international market, the count of rigs was 963 in the second quarter, which fell from the prior quarter. The rotary rig count, issued by Baker Hughes, is usually published in major newspapers and trade publications.
The decrease in drilling activities in international markets suggests that explorers and producers like Ecopetrol spent less on upstream activities, thereby affecting production.
From the midstream business, the company is likely to have generated stable fee-based revenues since transportation activities have lower exposure to commodity price volatility.
<h3>Earnings Whispers</h3>
Our proven model does not indicate an earnings beat for Ecopetrol this time around. The combination of a positive&nbsp;Earnings ESP&nbsp;and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you will see below.&nbsp;
Earnings ESP: EC&#39;s Earnings ESP is -22.03%.
Zacks Rank: The company currently carries a Zacks Rank #4 (Sell).
<h3>Stocks to Consider</h3>
Here are two firms that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.
Affirm Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/afrm#NASDAQ">AFRM</a>) currently has an Earnings ESP of +19.64% and a Zacks Rank #2.
AFRM&nbsp;is scheduled to release earnings on Aug 28. The Zacks Consensus Estimate for its loss is pegged at 45 cents per share, suggesting an almost 35% improvement from the prior-year reported figure.
Abercrombie &amp; Fitch Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>) presently has an Earnings ESP of +9.09% and a Zacks Rank #1.
Abercrombie &amp; Fitch is scheduled to release earnings on Aug 28. The Zacks Consensus Estimate for its earnings is pegged at $2.11 per share, suggesting a 92% increase from the prior-year reported figure.
<a href="https://www.zacks.com/stock/news/2318904/ecopetrol-ec-gears-up-for-q2-earnings-what-s-in-store?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2318904">To read this article on Zacks.com click here.</a>

Earnings

Markets

AFRM

Ecopetrol Gears Up for Q2 Earnings: What's in Store?

W&amp;T Offshore, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wti#NYSE">WTI</a>) reported a second-quarter 2024 loss of 5 cents per share (excluding one item), wider than the Zacks Consensus Estimate of a loss of 3 cents. However, the bottom line improved from the year-ago quarter&#39;s reported loss of 8 cents.
Total quarterly revenues of $142.8 million missed the Zacks Consensus Estimate of $152 million. However, the top line increased from $126 million reported in the prior-year quarter.
The weaker-than-expected quarterly earnings were due to low oil-equivalent production and rising operating expenses. This was partially offset by higher average realized prices for oil-equivalent production.
<div class="chart_embed">
<h3>W&amp;T Offshore, Inc. Price, Consensus and EPS Surprise</h3>
<img alt="W&amp;T Offshore, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/71/1723027552.png" style="height:265px; width:573px" title="" />
W&amp;T Offshore, Inc. price-consensus-eps-surprise-chart | W&amp;T Offshore, Inc. Quote
</div>
<h3>Production Statistics</h3>
Production for the quarter averaged 34.9 thousand barrels of oil equivalent per day (MBoe/d), down from 37 MBoe/d in the corresponding period of 2023. The reported metric was lower than our estimate of 37 Mboe/d. The production was negatively impacted by the company&#39;s primary Mobile Bay processing plant getting shut down by the third-party operator to perform a turnaround. The decrease was partially offset by increased production from wells acquired in January 2024 and September 2023.
Oil production totaled 1,382 thousand barrels (MBbls), up from 1,254 MBbls in the year-ago quarter. The figure missed our estimate of 1,387 MBbls.
Natural gas liquids&#39; output totaled 334 MBbls, which decreased from 443 MBbls a year ago but surpassed our estimate of 312 MBbls.
Natural gas production of 8,769 million cubic feet (MMcf) was lower than 10,023 MMcf in the prior-year quarter. The figure missed our estimate of 10,017 MMcf.
<h3>Realized Commodity Prices</h3>
The average realized price for oil in the second quarter was $80.29 per barrel, higher than the year-ago level of $71.76. Our estimate for the same was pegged at $81.46.
The average realized price of NGL increased to $24.43 per barrel from $23.44 in the second quarter of 2023. Our estimate for the same was pinned at $20.69 per barrel.
The average realized price of natural gas in the June-end quarter was $2.50 per thousand cubic feet, up from $2.34 in the corresponding period of 2023 and above our estimate of $2.33.
The average realized price for oil-equivalent output increased to $44.40 per barrel from $36.76 a year ago. The figure also beat our estimate of $42.38.
<h3>Operating Expenses</h3>
Lease operating expenses increased to $23.29 per Boe from $19.60 in the year-ago period. The reported figure was lower than our estimate of $25.98.
Also, general and administrative expenses increased to $6.72 per Boe from $5.16 a year ago. The figure was higher than our estimate of $5.44.
<h3>Cash Flow</h3>
Net cash from operations totaled $37.4 million, up from $26.2 million in the year-ago quarter.
The free cash flow increased to $18.7 million from $9.7 million in the year-earlier quarter.
<h3>Capital Spending &amp; Balance Sheet</h3>
For the reported quarter, W&amp;T Offshore spent $8.8 million on oil and gas resources and equipment.
As of Jun 30, 2024, the company&#39;s cash and cash equivalents amounted to $123.4 million and net long-term debt totaled $376.9 million. The current portion of the long-term debt is $14.9 million.
<h3>Guidance</h3>
For the third quarter of 2024, W&amp;T Offshore expects production to be in the band of 2,842-3,208 Mboe. For 2024, its production is anticipated to be in the 11,900-13,267 Mboe range.
<h3>Zacks Rank &amp; Stocks to Consider</h3>
Currently, WTI carries a Zacks Rank #3 (Hold).
Investors interested in the&nbsp;energy&nbsp;sector may look at some better-ranked stocks like Sunoco LP&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sun#NYSE">SUN</a>), SM Energy Company&nbsp;and Baker Hughes Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkr#NASDAQ">BKR</a>). While Sunoco and SM Energy currently sport a Zacks Rank #1 (Strong Buy) each, Baker Hughes carries a Zacks Rank #2 (Buy).
Sunoco is a leading wholesale motor fuel distributor in the United States, boasting a vast distribution network spanning 40 states. With long-term contracts servicing more than 10,000 convenience stores, it distributes over 10 fuel brands, ensuring a stable revenue stream. SUN currently has a Value Score of A.
The Zacks Consensus Estimate for 2024 and 2025 earnings per unit is pegged at $7.29 and $7.26, respectively. The partnership has witnessed upward earnings estimate revisions for 2025 in the past 30 days.
SM Energy is set to expand its oil-centered operations in the coming years, with an increasing focus on crude oil, especially in the Permian Basin and Eagle Ford regions. The company&#39;s attractive oil and gas investments should create long-term value for shareholders.
The Zacks Consensus Estimate for SM&#39;s 2024 EPS is pegged at $7.09. The company has a Zacks Style Score of A for Value. It has witnessed upward earnings estimate revisions for 2024 in the past 30 days.
Baker Hughes, a leading player in the oilfield service sector, is known for its advanced technologies and equipment catering to the needs of upstream companies. The company expects substantial growth from LNG contracts globally due to the strong demand outlook.
The Zacks Consensus Estimate for BKR&#39;s 2024 EPS is pegged at $2.20. The company has a Zacks Style Score of A for Value. It has witnessed upward earnings estimate revisions for 2024 in the past seven days.
<a href="https://www.zacks.com/stock/news/2318212/w-t-offshore-wti-q2-earnings-lag-estimates-on-lower-production?cid=CS-BENZ-FT-analyst_blog|earnings_article-2318212">To read this article on Zacks.com click here.</a>

Earnings Misses

Penny Stocks

Guidance

Small Cap

W&T Offshore Q2 Earnings Lag Estimates on Lower Production

Southwestern Energy Company&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/swn#NYSE">SWN</a>) reported adjusted second-quarter 2024 earnings of 10 cents per share, which beat the Zacks Consensus Estimate by a penny. The bottom line also increased from the year-ago quarter&#39;s figure of 9 cents.
Quarterly operating revenues of $1.1 billion missed the Zacks Consensus Estimate of $1.4 billion and also declined from the year-ago quarter&#39;s level of $1.3 billion.
The better-than-expected quarterly earnings can be attributed to higher oil price realization. This was partially offset by lower gas-equivalent production volumes and reduced realized gas prices.
<div class="chart_embed">
<h3>Southwestern Energy Company Price, Consensus and EPS Surprise</h3>
<img alt="Southwestern Energy Company Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/18/1722844148.png" style="height:265px; width:570px" title="" />
Southwestern Energy Company price-consensus-eps-surprise-chart | Southwestern Energy Company Quote
</div>
<h3>Total Production</h3>
Total production decreased to 379 billion cubic feet equivalent (Bcfe) from 423 Bcfe a year ago and missed our estimate of 430.1 Bcfe. Gas production declined from the year-ago level of 365 Bcf to 324 Bcf and missed our estimate of 375.7 Bcf.
Natural gas liquids production totaled 7,908 thousand barrels (MBbls), lower than the year-ago level of 8,247 MBbls. The metric beat our estimate of 7,675.1 MBbls.
Oil production declined to 1,261 MBbls from 1,441 MBbls in the year-earlier period and missed our estimate of 1,387.1 MBbls. Almost 85.5% of its volume mix constituted natural gas.
<h3>Average Realized Prices</h3>
Southwestern&#39;s average realized gas price in the reported quarter, excluding derivatives, decreased to $1.22 per thousand cubic feet (Mcf) from $1.47 a year ago. Our estimate of $1.42 per Mcf for the metric also indicates a year-over-year decline.
Oil was sold at $70.14 per barrel compared with the year-earlier figure of $63.20. Natural gas liquids were sold at $20.06 per barrel, higher than $18.63 in the year-ago period.
<h3>Expenses</h3>
On a per-Mcfe basis, lease operating expenses increased to $1.08 from the prior-year level of $1.00. The metric was also higher than our estimate of $1.06. General and administrative expenses per unit of production were 11 cents, up from 9 cents reported in the year-ago quarter. The reported figure was in line with our estimate.
Total operating costs and expenses were $1.8 billion, up from $1.3 billion in the June-end quarter of 2023. The figure beat our estimate of $1.1 billion. General and administrative expenses increased to $45 million from $41 million in the year-ago period. Marketing purchases decreased to $433 million from the prior-year quarter&#39;s level of $481 million.
<h3>Financials</h3>
Southwestern&#39;s total capital investment in the second quarter was $430 million. As of Jun 30, 2024, the company&#39;s cash and cash equivalents were $15 million, and long-term debt was $3.8 billion.
<h3>Guidance</h3>
SWN has discontinued providing guidance due to the pending merger with Chesapeake Energy Corporation.
<h3>Zacks Rank &amp; Key Picks</h3>
Currently, SWN carries a Zacks Rank #3 (Hold).
Investors interested in the&nbsp;energy&nbsp;sector may look at some better-ranked stocks like Sunoco LP&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sun#NYSE">SUN</a>), SM Energy Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sm#NYSE">SM</a>) and Baker Hughes Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkr#NASDAQ">BKR</a>). While Sunoco and SM Energy currently sport a Zacks Rank #1 (Strong Buy) each, Baker Hughes carries a Zacks Rank #2 (Buy).
Sunoco is a leading wholesale motor fuel distributor in the United States, boasting a vast distribution network spanning 40 states. With long-term contracts servicing more than 10,000 convenience stores, it distributes over 10 fuel brands, ensuring a stable revenue stream. SUN currently has a Value Score of A.
The Zacks Consensus Estimate for 2024 and 2025 earnings per unit is pegged at $7.29 and $7.26, respectively. The partnership has witnessed upward earnings estimate revisions for 2025 in the past 30 days.
SM Energy is set to expand its oil-centered operations in the coming years, with an increasing focus on crude oil, especially in the Permian Basin and Eagle Ford regions. The company&#39;s attractive oil and gas investments should create long-term value for shareholders.
The Zacks Consensus Estimate for SM&#39;s 2024 EPS is pegged at $7.09. The company has a Zacks Style Score of A for Value. It has witnessed upward earnings estimate revisions for 2024 in the past 30 days.
Baker Hughes, a leading player in the oilfield service sector, is known for its advanced technologies and equipment catering to the needs of upstream companies. The company expects substantial growth from LNG contracts globally due to the strong demand outlook.
The Zacks Consensus Estimate for BKR&#39;s 2024 EPS is pegged at $2.20. The company has a Zacks Style Score of A for Value. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past seven days.
<a href="https://www.zacks.com/stock/news/2316179/southwestern-swn-q2-earnings-beat-estimates-revenues-miss?cid=CS-BENZ-FT-analyst_blog|earnings_article-2316179">To read this article on Zacks.com click here.</a>

Earnings Beats

Southwestern Q2 Earnings Beat Estimates, Revenues Miss

ACDC

AESI

ARCH

BORR

CEIX

CHRD

CLMT

CRGY

DINO

GLNG

GPRK

LBRT

LTBR

TALO

TRGP

VNOM

WTTR

Shares of oil and gas stocks are trading lower despite Middle East tensions. Weak US economic data may be weighing on demand outlook.

Shares of oil and gas stocks are trading lower. Weakness in the sector may be due to wore-than-expected US economic data, which could pressure demand outlook.

Evercore ISI Group analyst James West maintains Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) with a Outperform and raises the price target from $42 to $46.

Evercore ISI Group Maintains Outperform on Baker Hughes, Raises Price Target to $46

TD Cowen analyst Marc Bianchi maintains Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) with a Buy and raises the price target from $46 to $50.

TD Cowen Maintains Buy on Baker Hughes, Raises Price Target to $50

Benchmark analyst Kurt Hallead maintains Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) with a Buy and raises the price target from $40 to $42.

Benchmark Maintains Buy on Baker Hughes, Raises Price Target to $42

Goldman Sachs analyst Neil Mehta maintains Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) with a Buy and raises the price target from $39 to $43.

Goldman Sachs Maintains Buy on Baker Hughes, Raises Price Target to $43

JP Morgan analyst Sean Meakim maintains Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) with a Overweight and raises the price target from $42 to $43.

JP Morgan Maintains Overweight on Baker Hughes, Raises Price Target to $43

Baker Hughes Company (BKR) Barclays 38th Annual CEO Energy-Power Conference (Transcript)

Jefferies analyst Lloyd Byrne maintained a Buy rating on Baker Hughes Company (BKR – Research Report) today and set a price target of $48.00. The c...

Jefferies Sticks to Its Buy Rating for Baker Hughes Company (BKR)

Baker Hughes Has Two Catalysts In Two Years

Amidst the hype of AI-centric companies, C3.ai ($AI) has drawn attention with its enterprise AI software despite doubts over its actual substance c...

C3.ai (AI) Stock Sheds 54% Over Three Years, But Can It Change Direction?

Divergent EIA, IEA And OPEC Oil Data And Forecasts Suggest Market Turmoil On The Way

Stifel Nicolaus analyst Stephen Gengaro reiterated a Buy rating on Baker Hughes Company (BKR – Research Report) today and set a price target of $45...

Stifel Nicolaus Reaffirms Their Buy Rating on Baker Hughes Company (BKR)

BlackRock International Dividend Fund Q2 2024 Commentary

OIH: The Bullish Trend Falters

Chevron CEO slams Biden LNG export pause as 'undermining' energy security

Schlumberger Has A Path For Growth; Oil May Be Holding Back The Share Price

AIQUF

ASAZF

ASML

ASMLF

AZNCF

BKRKF

BKRKY

DGEAF

GOOGL

INTC

LVMHF

LVMUY

MSFT

NONOF

RELX

RLXXF

UUUU

Fintech

Offerings

Press Releases

Akastor ASA: HMH announces its intention to pursue US listing

Tekion Appoints Binu Mathew as Chief Technology Officer

Contracts

Baker Hughes Awarded Major Integrated Solutions Contract for Petrobras' Offshore Fields

Baker Hughes Announces Dates for Second-quarter 2024 Earnings Release and Webcast

Dividends

Baker Hughes Declares Quarterly Dividend

Baker Hughes Company Announces Second-Quarter 2024 Results

Akastor ASA: Update on HMH's US listing process

Management

Baker Hughes Announces Leadership Changes to Continue Strategic Growth and Customer Success

Baker Hughes Announces Dates for Third-quarter 2024 Earnings Release and Webcast

General

Baker Hughes Launches CarbonEdge™, a Digital End-to-End Solution to Mitigate Risk, Optimize Operations and Streamline Reporting for CCUS Projects

AKKVF

ORCL

TISI

ProFrac Holding Corp. - Class A Common Stock

ProFrac Holding

Atlas Energy Solutions

Archrock

ChampionX

TechnipFMC

Halliburton

Helix Energy Solutions Group, Inc. Common Stock

Helix Energy Solns Gr

Innovex International

Kodiak Gas Services

Liberty Energy

Newpark Resources

Oceaneering International, Inc. Common Stock

Oceaneering International

ProPetro Holding

Solaris Energy Infrastructure, Inc. Class A Common Stock

Solaris Energy

Schlumberger

Tidewater

Tenaris

Tetra Technologies

USA Compression Partners, LP Common Units Representing Limited Partner Interests

USA Compression Partners

Bristow Group

Weatherford International plc - Ordinary shares

Weatherford International

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Baker Hughes

Baker Hughes (BKR) Forecast

Baker Hughes (NASDAQ:BKR) Stock, Quote.Headers.trade-ideas