Piper Sandler analyst Luke Lemoine maintained a Buy rating on Baker Hughes Company (BKR – Research Report) today and set a price target of $45.00. The company’s shares closed last Friday at $34.31.
Lemoine covers the Energy sector, focusing on stocks such as Schlumberger, Tenaris SA, and Solaris Oilfield Infrastructure. According to TipRanks, Lemoine has an average return of 11.9% and a 68.07% success rate on recommended stocks.
Currently, the analyst consensus on Baker Hughes Company is a Strong Buy with an average price target of $39.85, a 16.15% upside from current levels. In a report released on April 1, Jefferies also reiterated a Buy rating on the stock with a $43.00 price target.
Based on Baker Hughes Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.83 billion and a net profit of $439 million. In comparison, last year the company earned a revenue of $5.91 billion and had a net profit of $183 million
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Baker Hughes Company (BKR) Company Description:
Texas-based Baker Hughes Co. provides a portfolio of technologies and services worldwide. The company operates through four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS).
Read More on BKR:
- Baker Hughes reports U.S. rig count down 1 to 620 rigs
- Baker Hughes awarded order for electric-driven liquefaction technologies
- Baker Hughes to Supply Electric-driven Liquefaction Technology for Cedar LNG Project
- Baker Hughes to supply Europe’s Snam with hydrogen-ready technology
- Baker Hughes to Supply Snam with Hydrogen-Ready Technology to Support Decarbonization and Resilience of the Italian Gas Network
