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Nancy Buese, Executive Vice President and Chief Financial Officer of Baker Hughes Co (NASDAQ:BKR), recently sold 80,000 shares of the company’s Class A Common Stock. The transaction, executed on February 21, 2025, was conducted under a Rule 10b5-1 trading plan that Buese had adopted in November 2024. The sale comes as Baker Hughes demonstrates strong financial health, with InvestingPro data showing a perfect Piotroski Score of 9 and impressive 51% stock return over the past year. The shares were sold at a weighted average price of $46.37, generating a total of approximately $3.7 million. Following this sale, Buese holds 6,299 shares indirectly through a trust. The sale involved multiple transactions with prices ranging from $45.86 to $46.73 per share, near the stock’s 52-week high of $49.40. According to InvestingPro, Baker Hughes maintains a moderate debt level and has consistently paid dividends for 39 consecutive years. For deeper insights into BKR’s valuation and comprehensive analysis, investors can access the detailed Pro Research Report, available exclusively on InvestingPro.
In other recent news, Baker Hughes has made significant announcements and received various analyst evaluations. The company appointed Ahmed Moghal as its new Chief Financial Officer, marking a strategic move to drive growth and enhance margins. Alongside this leadership change, Baker Hughes reaffirmed its financial outlook for 2025, projecting solid EBITDA growth and committing to returning a substantial portion of free cash flow to shareholders.
Analyst firms have also weighed in on Baker Hughes’ prospects. Benchmark maintained a Buy rating with a price target of $57, noting momentum in the Industrial Energy Technology (IET) segment. JPMorgan reiterated an Overweight rating with a $52 target, expressing confidence in Baker Hughes’ strategic initiatives and market positioning. UBS increased its price target to $47 while maintaining a neutral stance, highlighting the company’s fourth-quarter 2024 performance that exceeded expectations but noted revenue guidance for 2025 fell short of Wall Street projections.
TD Cowen raised its price target to $57 and maintained a Buy rating, citing strong execution and margin expansion in the IET sector. The firm’s analysis reflects optimism about Baker Hughes’ growth trajectory, particularly in Gas Technology and Gas Tech Services. These developments underscore Baker Hughes’ ongoing efforts to navigate the evolving energy landscape and capitalize on market opportunities.
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