Baker Hughes Trading Volume Surges to $371 Million, Ranks 285th Amid Stock Price Decline

On April 30, 2025, Baker Hughes (BKR) saw a significant increase in trading volume, with a turnover of $371 million, marking a 38.88% rise from the previous day. This surge placed BKR at the 285th position in terms of trading volume for the day. However, the stock price of BKR has been on a downward trend, falling 1.45% and marking its third consecutive day of decline, with a total drop of 2.88% over the past three days.

Baker Hughes, along with other energy services firms, has faced challenges this year due to the tumbling price of oil. The global decline in crude oil prices, driven by uncertainties in global trade and demand fears, has significantly impacted the company's performance.

Baker Hughes is also grappling with maintaining its free cash flow conversion target of 45% to 50% due to potential working capital offsets. This financial challenge adds to the market uncertainty surrounding the company.

In terms of investment analysis, Seaport Research has adjusted Baker Hughes' price target from $58 to $56, while maintaining a Buy rating on the stock. Additionally, Barclays lowered their price objective on Baker Hughes from $54.00 to $48.00 and set an "overweight" rating for the company. TD Cowen also reduced their target price on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company.