Shares of Baker Hughes Company (NYSE:BKR) have been assigned an average rating of “Hold” from the eighteen analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $23.17.
A number of equities research analysts recently issued reports on BKR shares. Sanford C. Bernstein started coverage on Baker Hughes in a research note on Monday, January 13th. They issued an “underperform” rating and a $19.50 price objective on the stock. Wells Fargo & Co upped their target price on Baker Hughes from $28.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. ValuEngine raised Baker Hughes from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Edward Jones lowered Baker Hughes from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Citigroup cut their target price on Baker Hughes from $26.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, March 20th.
In other Baker Hughes news, Director William G. Beattie acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $17.80 per share, with a total value of $89,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lorenzo Simonelli acquired 15,368 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $19.48 per share, for a total transaction of $299,368.64. In the last three months, insiders have bought 34,622 shares of company stock valued at $642,165. Insiders own 2.71% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC purchased a new position in shares of Baker Hughes during the 3rd quarter valued at about $148,000. Man Group plc bought a new stake in Baker Hughes in the 3rd quarter worth approximately $221,000. Redpoint Investment Management Pty Ltd bought a new stake in Baker Hughes in the 3rd quarter worth approximately $225,000. Cleararc Capital Inc. bought a new stake in Baker Hughes in the 3rd quarter worth approximately $227,000. Finally, Chilton Capital Management LLC bought a new stake in Baker Hughes in the 3rd quarter worth approximately $255,000. 96.73% of the stock is currently owned by institutional investors.
Baker Hughes stock traded up $0.57 during trading hours on Monday, reaching $12.19. 1,016,154 shares of the stock were exchanged, compared to its average volume of 12,383,451. The stock has a 50 day moving average price of $17.03. Baker Hughes has a twelve month low of $9.12 and a twelve month high of $28.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.06 and a current ratio of 1.52. The company has a market cap of $11.60 billion, a P/E ratio of 55.41, a P/E/G ratio of 1.66 and a beta of 1.24.
Baker Hughes (NYSE:BKR) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). Baker Hughes had a net margin of 0.54% and a return on equity of 1.36%. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.47 billion. The business’s quarterly revenue was up 1.3% on a year-over-year basis. On average, sell-side analysts predict that Baker Hughes will post 0.85 earnings per share for the current year.
Baker Hughes Company Profile
Baker Hughes Company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas and oilfield service companies.
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