Media headlines about Baker Hughes (NYSE:BHGE) have been trending somewhat positive on Thursday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Baker Hughes earned a news impact score of 0.21 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.3017061822033 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Baker Hughes (NYSE BHGE) traded down $0.14 during trading on Thursday, hitting $30.37. 3,670,109 shares of the stock traded hands, compared to its average volume of 3,151,985. 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 has a 12-month low of $29.62 and a 12-month high of $68.59.
Baker Hughes (NYSE:BHGE) last posted its quarterly earnings data on Friday, October 20th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.07). The company had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.52 billion. Baker Hughes had a negative net margin of 6.66% and a negative return on equity of 0.84%. The business’s quarterly revenue was up 77.7% on a year-over-year basis. equities analysts forecast that Baker Hughes will post 0.41 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were given a dividend of $0.18 per share. The ex-dividend date was Friday, November 3rd. This represents a $0.72 annualized dividend and a dividend yield of 2.37%. This is a boost from Baker Hughes’s previous quarterly dividend of $0.17. Baker Hughes’s dividend payout ratio (DPR) is -111.34%.
BHGE has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Baker Hughes from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Scotiabank set a $44.00 target price on shares of Baker Hughes and gave the stock a “hold” rating in a research note on Saturday, October 21st. Citigroup lowered their target price on shares of Baker Hughes from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday, October 25th. Barclays set a $41.00 target price on shares of Baker Hughes and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Cowen reiterated an “outperform” rating and issued a $50.00 target price on shares of Baker Hughes in a research note on Wednesday, September 13th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.74.
In related news, insider Matthias L. Heilmann acquired 1,500 shares of the stock in a transaction dated Thursday, October 26th. The shares were purchased at an average price of $30.04 per share, for a total transaction of $45,060.00. Following the transaction, the insider now owns 3,500 shares in the company, valued at approximately $105,140. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.66% of the company’s stock.
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