Baker Hughes Company (BKR) To Go Ex-Dividend on February 17th

Baker Hughes Company (NASDAQ:BKR) declared a quarterly dividend on Thursday, February 5th. Investors of record on Tuesday, February 17th will be paid a dividend of 0.23 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, February 17th.

Baker Hughes has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Baker Hughes has a dividend payout ratio of 33.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Baker Hughes to earn $2.99 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 30.8%.

Baker Hughes Trading Up 2.7%

Shares of Baker Hughes stock opened at $58.92 on Friday. The company has a fifty day simple moving average of $50.12 and a 200-day simple moving average of $47.74. Baker Hughes has a 12-month low of $33.60 and a 12-month high of $59.54. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. The stock has a market cap of $58.14 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 1.54 and a beta of 0.89.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Monday, January 26th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.11. Baker Hughes had a net margin of 9.33% and a return on equity of 14.51%. The firm had revenue of $7.39 billion during the quarter, compared to analysts’ expectations of $7.09 billion. During the same period in the previous year, the company earned $0.70 earnings per share. Baker Hughes’s quarterly revenue was up .3% compared to the same quarter last year. On average, equities analysts forecast that Baker Hughes will post 2.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on BKR shares. BMO Capital Markets lifted their price target on Baker Hughes from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 27th. HSBC raised their target price on shares of Baker Hughes from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Wall Street Zen upgraded shares of Baker Hughes from a “hold” rating to a “buy” rating in a research note on Saturday. Evercore set a $54.00 price objective on shares of Baker Hughes in a research note on Monday, October 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of Baker Hughes from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, January 27th. Twenty equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.30.

Baker Hughes Company Profile

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.