Baker Hughes (NYSE:BKR) Receives Average Rating of “Buy” from Brokerages

Baker Hughes (NYSE:BKRGet Rating) has received an average rating of “Buy” from the twenty ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $36.38.

BKR has been the subject of several research analyst reports. Stephens lifted their target price on Baker Hughes from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, January 21st. UBS Group lifted their target price on Baker Hughes from $28.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, March 18th. Barclays lifted their target price on Baker Hughes from $31.00 to $40.00 in a research note on Wednesday, April 27th. Morgan Stanley lifted their target price on Baker Hughes from $32.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, April 11th. Finally, Wells Fargo & Company upgraded Baker Hughes from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $28.00 to $43.00 in a research note on Thursday, March 31st.

In other Baker Hughes news, EVP Maria C. Borras sold 19,632 shares of Baker Hughes stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $33.94, for a total value of $666,310.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William G. Beattie sold 5,507 shares of Baker Hughes stock in a transaction on Thursday, April 7th. The shares were sold at an average price of $35.69, for a total value of $196,544.83. Following the completion of the transaction, the director now directly owns 12,743 shares of the company’s stock, valued at $454,797.67. The disclosure for this sale can be found here. Insiders sold a total of 72,056,823 shares of company stock valued at $2,482,348,921 over the last ninety days. Insiders own 0.29% of the company’s stock.

Several institutional investors have recently bought and sold shares of BKR. Shell Asset Management Co. increased its holdings in Baker Hughes by 1.5% in the 1st quarter. Shell Asset Management Co. now owns 22,464 shares of the company’s stock worth $818,000 after purchasing an additional 328 shares in the last quarter. Blair William & Co. IL increased its holdings in Baker Hughes by 4.4% in the 4th quarter. Blair William & Co. IL now owns 8,665 shares of the company’s stock worth $208,000 after purchasing an additional 366 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in Baker Hughes by 36.2% in the 1st quarter. Benjamin Edwards Inc. now owns 1,464 shares of the company’s stock worth $53,000 after purchasing an additional 389 shares in the last quarter. Ieq Capital LLC increased its holdings in Baker Hughes by 4.4% in the 4th quarter. Ieq Capital LLC now owns 9,321 shares of the company’s stock worth $224,000 after purchasing an additional 390 shares in the last quarter. Finally, CKW Financial Group increased its holdings in Baker Hughes by 17.4% in the 1st quarter. CKW Financial Group now owns 2,700 shares of the company’s stock worth $98,000 after purchasing an additional 400 shares in the last quarter. 92.83% of the stock is owned by institutional investors.

Shares of NYSE:BKR traded up $2.20 during trading on Friday, hitting $34.11. 9,974,898 shares of the company were exchanged, compared to its average volume of 11,656,185. The stock has a market cap of $35.05 billion, a price-to-earnings ratio of 103.37 and a beta of 1.52. Baker Hughes has a fifty-two week low of $19.23 and a fifty-two week high of $39.78. The firm has a fifty day moving average price of $34.82 and a two-hundred day moving average price of $29.15. The company has a current ratio of 1.61, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40.

Baker Hughes (NYSE:BKRGet Rating) last posted its quarterly earnings results on Wednesday, April 20th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.05). The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $5.01 billion. Baker Hughes had a return on equity of 3.51% and a net margin of 1.49%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS. As a group, research analysts predict that Baker Hughes will post 1.18 EPS for the current year.

About Baker Hughes (Get Rating)

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. It operates through four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS). The OFS segment offers exploration, drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, wireline services, downhole completion tools and systems, wellbore intervention tools and services, pressure pumping systems, oilfield and industrial chemicals, and artificial lift technologies for oil and natural gas, and oilfield service companies.

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