Baker Hughes Company Announces Second-Quarter 2024 Results

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 $43 at JPMorgan

July 29, 2024 5:15 AM EDT

JPMorgan analyst Arun Jayaram raised the price target on Baker Hughes (NASDAQ: BKR) to $43.00 (from $42.00) while maintaining a Overweight rating.

The analyst comments " In the third quarter of 2022, BKR announced a strategic transformation that included a streamlined organizational structure and the appointment of several new leaders including CFO Buese and IET EVP Ramaswamy to execute the companys strategy and lead the company forward. These bold moves by CEO Simonelli to install better athletes into leadership roles has led to more consistent operational and financial performance. This does feel like a... 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 (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

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