Shares of Baker Hughes (NYSE:BHI) have received a consensus
recommendation of “Buy” from the thirty analysts that are currently
covering the company, Marketbeat reports.
Two investment analysts have rated the stock with a sell rating, eight
have given a hold rating and nineteen have issued a buy rating on the
company. The average twelve-month price target among brokers that have
covered the stock in the last year is $75.98.
Baker Hughes (NYSE:BHI)
traded up 0.91% during mid-day trading on Wednesday, hitting $64.18.
The stock had a trading volume of 476,800 shares. Baker Hughes has a one
year low of $47.51 and a one year high of $75.64. The stock has a
50-day moving average of $65. and a 200-day moving average of $61.. The
company has a market cap of $27.90 billion and a P/E ratio of 34.94.
Baker Hughes (NYSE:BHI) last announced its earnings results on
Tuesday, April 21st. The oilfield services provider reported ($0.07)
earnings per share (EPS) for the quarter, missing the consensus estimate
of $0.52 by $0.59. The company had revenue of $4.60 billion for the
quarter, compared to the consensus estimate of $5.46 billion. During the
same quarter in the previous year, the company posted $0.84 earnings
per share. The company’s revenue for the quarter was down 19.8% on a
year-over-year basis. On average, analysts predict that Baker Hughes
will post $0.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will
be paid on Wednesday, June 24th. Shareholders of record on Wednesday,
June 3rd will be given a dividend of $0.17 per share. This represents a
$0.68 dividend on an annualized basis and a yield of 1.07%. The
ex-dividend date of this dividend is Monday, June 1st.
A number of analysts have recently weighed in on BHI shares. Analysts
at JPMorgan Chase & Co. initiated coverage on shares of Baker
Hughes in a research note on Friday, May 29th. They set a “neutral”
rating and a $69.00 price target on the stock. Analysts at Morgan
Stanley reiterated an “overweight” rating on shares of Baker Hughes in a
research note on Tuesday, May 26th. Analysts at Vetr
upgraded shares of Baker Hughes from a “hold” rating to a “buy” rating
and set a $67.59 price target on the stock in a research note on
Tuesday, May 5th. Finally, analysts at Jefferies Group reiterated a
“buy” rating and set a $82.00 price target (up previously from $77.00)
on shares of Baker Hughes in a research note on Monday, April 27th.
Baker Hughes Incorporated (NYSE:BHI)
is engaged in the oilfield services industry. Baker Hughes is a
supplier of oilfield services, products, technology and systems to the
worldwide oil and natural gas industry. It also provides industrial and
other products and services to the downstream refining, and the process
and pipeline industries.