Baker Hughes A GE (NYSE:BHI) Receiving Somewhat Favorable News Coverage, Report Finds

Headlines about Baker Hughes A GE (NYSE:BHI) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Baker Hughes A GE earned a news impact score of 0.10 on Accern’s scale. Accern also gave media headlines about the oilfield services provider an impact score of 47.0537096344542 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern’s analysis:

Shares of Baker Hughes A GE (BHI) traded up $3.17 during trading on Tuesday, hitting $57.68. 4,124,500 shares of the stock traded hands, compared to its average volume of 2,667,498. The firm has a market cap of $40,100.00, a price-to-earnings ratio of -13.89 and a beta of 0.83. Baker Hughes A GE has a 1-year low of $43.09 and a 1-year high of $68.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.31 and a current ratio of 4.21.

Several brokerages recently commented on BHI. Royal Bank of Canada reiterated a “buy” rating and issued a $38.00 target price on shares of Baker Hughes A GE in a report on Wednesday, October 25th. Loop Capital restated a “hold” rating and set a $37.00 price objective on shares of Baker Hughes A GE in a report on Monday, October 23rd. Finally, UBS Group assumed coverage on shares of Baker Hughes A GE in a report on Thursday, October 19th. They set a “hold” rating and a $36.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. Baker Hughes A GE presently has a consensus rating of “Hold” and an average target price of $54.38.

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About Baker Hughes A GE

Baker Hughes, a GE Company is an oil and gas company. The Company is a provider of integrated oilfield products, services and digital solutions. The Company’s products and services include upstream, midstream, downstream, industrial and digital. The Company’s upstream, which includes evaluation, drilling, completions and production.

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