BHGE has been the topic of a number of other research reports. Piper Jaffray Companies reissued a buy rating and set a $38.00 price target on shares of Baker Hughes A GE in a research report on Monday, July 23rd. Barclays reissued a buy rating and set a $37.00 price target on shares of Baker Hughes A GE in a research report on Thursday, July 26th. Cowen dropped their price target on Baker Hughes A GE from $50.00 to $40.00 and set an outperform rating on the stock in a research report on Friday, July 6th. Wolfe Research started coverage on Baker Hughes A GE in a research report on Wednesday, October 10th. They set an outperform rating on the stock. Finally, SunTrust Banks upgraded Baker Hughes A GE from a hold rating to a buy rating and upped their price objective for the stock from $34.00 to $39.00 in a research note on Tuesday, July 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. Baker Hughes A GE has a consensus rating of Buy and a consensus price target of $36.79.
Baker Hughes A GE stock traded up $0.11 during mid-day trading on Tuesday, hitting $22.52. The company’s stock had a trading volume of 5,112,232 shares, compared to its average volume of 11,062,142. The company has a market capitalization of $9.24 billion, a PE ratio of 43.31, a price-to-earnings-growth ratio of 4.33 and a beta of 0.84. The company has a quick ratio of 1.35, a current ratio of 1.91 and a debt-to-equity ratio of 0.17. Baker Hughes A GE has a one year low of $21.90 and a one year high of $37.76.
Baker Hughes A GE (NYSE:BHGE) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). Baker Hughes A GE had a net margin of 0.16% and a return on equity of 0.59%. The business had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.88 billion. During the same period last year, the company earned $0.05 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, research analysts anticipate that Baker Hughes A GE will post 0.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, November 15th. Baker Hughes A GE’s payout ratio is 138.46%.
In other news, Director Electric Co General sold 101,200,000 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $22.47, for a total value of $2,273,964,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Baker Hughes A GE by 26.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,085 shares of the company’s stock valued at $248,000 after acquiring an additional 1,875 shares during the period. LPL Financial LLC lifted its stake in shares of Baker Hughes A GE by 26.9% during the 1st quarter. LPL Financial LLC now owns 20,890 shares of the company’s stock worth $580,000 after buying an additional 4,423 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Baker Hughes A GE by 10.2% during the 1st quarter. Principal Financial Group Inc. now owns 872,651 shares of the company’s stock worth $24,233,000 after buying an additional 80,744 shares during the last quarter. Indiana Trust & Investment Management CO acquired a new stake in shares of Baker Hughes A GE during the 2nd quarter worth about $205,000. Finally, DnB Asset Management AS acquired a new stake in shares of Baker Hughes A GE during the 2nd quarter worth about $1,737,000. Hedge funds and other institutional investors own 92.91% of the company’s stock.
Baker Hughes A GE Company Profile
Baker Hughes, a GE 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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