Accern also assigned press coverage about the company an impact score of 45.7497022981315 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future. Barclays PLC’s target price points to a potential upside of 11.11% from the company’s current price. Equity research analysts have given opinions on where they foresees the stock level. (The) restated a “sell” rating and issued a $37.00 price objective on shares of Baker Hughes, a GE company Class A in a report on Tuesday, July 18th. Argus initiated coverage on shares of Baker Hughes, a GE company Class A in a research report on Monday, August 21st. Finally, Royal Bank Of Canada set a $55.00 target price on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research report on Saturday, August 12th. The consensus rating is 2.5, suggesting the market has given up on the stock. Zacks Investment Research raised Baker Hughes A GE from a “sell” rating to a “hold” rating in a report on Monday, May 8th.
Analysts at Simmons & Co, energy specialists at US investment bank Piper Jaffray, this week revised higher its forecast for the total oil and gas rig count, now expecting it to rise to an average of 884 in 2017, 959 in 2018 and 1,114 in 2019. Baker Hughes A GE has a 12-month low of $43.09 and a 12-month high of $68.59. The stock now has a Market Cap of $11.48B. The stock has a 50 day moving average price of $34.57 and a 200 day moving average price of $49.47.
Baker Hughes (NYSE:BHI) last announced its earnings results on Thursday, January 26th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.27). Its revenue totaled $2.34 billion up 3.43% from the previous quarter. During the same period in the prior year, the company posted ($0.21) EPS. On average, equities research analysts forecast that Baker Hughes, a GE company Class A will post $0.44 EPS for the current year.
Shares of Baker Hughes A GE Co (BHI) opened at 57.68 on Friday. If you are reading this story on another domain, it was copied illegally and republished in violation of USA & worldwide trademark & copyright laws. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2017/09/15/baker-hughes-a-ge-co-bhi-position-cut-by-teachers-advisors-llc.html.
In other news, Director John G. Rice acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $176,850. Cornerstone Advisors Inc. now owns 2,046 shares of the oilfield services provider’s stock worth $103,000 after buying an additional 1,628 shares during the period. The stock spiked 6.03% last month and is down -19.62 this year. The stock was bought at an average cost of $35.24 per share, with a total value of $98,707.24. Seven Eight Capital LP now owns 4,047 shares of the oilfield services provider’s stock worth $221,000 after buying an additional 3,800 shares during the period. The disclosure for this purchase can be found here. The stock traded at a volume of 4.79 million shares.
Institutional investors have recently added to or reduced their stakes in the company. New York Life Trust Co. purchased a new position in Baker Hughes during the third quarter worth about $113,000. Baker Hughes, a GE company Class A’s quarterly revenue was down.2% on a year-over-year basis. Capital Research Global Investors increased its holdings in shares of Baker Hughes A GE by 89.1% during the second quarter. Capital World Investors increased its holdings in shares of Baker Hughes A GE by 44.3% during the second quarter.