Baker Hughes Reports 3% Revenue Drop, Merger Integration Continues

Baker Hughes Reports 3% Revenue Drop, Merger Integration Continues”

The average Wall Street analyst rating for Baker Hughes, a GE company is Hold, according to the average of 23 analyst scores. Finally, Piper Jaffray Companies reaffirmed a "hold" rating on shares of Baker Hughes, a GE company Class A in a report on Tuesday, October 24th. They issued an underperform rating and a $36.00 price objective for the company. Barclays set a $41.00 price target on Baker Hughes, a GE company Class A and gave the company a "buy" rating in a report on Thursday, October 26th. The insider now holds 128.05 million shares of Baker Hughes, a GE company (BHGE). (TXMD), we can see that the 40-day commodity channel index signal is presently Hold while the 50-day Parabolic SAR generates a Buy signal. About 6.01 million shares traded or 26.63% up from the average. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.29 and a current ratio of 1.90. Baker Hughes a GE company has $6000 highest and $3700 lowest target.

Baker Hughes said Wednesday that it narrowed its fourth quarter loss to $29 million from $104 million in the third quarter - its first three months as a merged company. Adjusted earnings per share (a non-GAAP measure) were US$0.15. The company had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.60 billion.

ILLEGAL ACTIVITY WARNING: "Baker Hughes, a GE company Class A (BHGE) Holdings Increased by National Pension Service" was reported by Registrar Journal and is owned by of Registrar Journal.

Baker Hughes, a GE company (NYSE:BHGE) holds price to book ratio of 0.38 that presents much better indicator to find market price of a share price over its book value of equity for investment valuation.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Monday, February 5th will be given a $0.18 dividend. The firm is presenting price to cash flow as 8.59, the low single digit may indicate stock is under worth and vice versa. The ex-dividend date of this dividend is Friday, February 2nd.

Baker Hughes is developing its own identity and positioning itself for growth now that it's more than six months past its merger with General Electric's oil and gas business, the chief executive of the Houston energy services company said Wednesday. Baker Hughes, a GE company has had 9 insider trades in the last 3 months, including 4 open market buys and 5 sells. $44.30's average target is 24.61% above currents $35.55 stock price. Following the sale, the insider now owns 25,190 shares in the company, valued at $881,650. The other 14, though not evenly; between analysts who think you should buy Baker Hughes, a GE company versus those who think you should sell it. The shares were bought at an average cost of $30.04 per share, for a total transaction of $45,060.00. This works out to a net increase in ownership of 13.02 million shares, and suggests that institutions are feeling bullish about the stock. The disclosure for this purchase can be found here.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jefferies Group also issued estimates for Baker Hughes, a GE company Class A's Q4 2017 earnings at $0.17 EPS, Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.43 EPS, FY2018 earnings at $1.10 EPS and FY2019 earnings at $2.05 EPS. State of Alaska Department of Revenue now owns 54,249 shares of the company's stock valued at $1,715,000 after buying an additional 29,499 shares in the last quarter. FTB Advisors Inc. bought a new position in Baker Hughes, a GE company Class A during the second quarter valued at about $442,000.

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