Baker Hughes, a GE company (NYSE:BHGE) – Piper Jaffray issued their Q1 2018 earnings per share estimates for shares of Baker Hughes, a GE in a report issued on Monday, April 2nd. Piper Jaffray analyst B. Herbert forecasts that the company will post earnings of $0.06 per share for the quarter. Piper Jaffray has a “Overweight” rating and a $39.00 price target on the stock. Piper Jaffray also issued estimates for Baker Hughes, a GE’s Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.37 EPS, FY2018 earnings at $0.81 EPS, Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.31 EPS, Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.46 EPS, FY2019 earnings at $1.40 EPS and Q1 2020 earnings at $0.40 EPS.
Baker Hughes, a GE (NYSE:BHGE) last announced its earnings results on Wednesday, January 24th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. Baker Hughes, a GE had a negative net margin of 2.79% and a positive return on equity of 0.10%. The company had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.60 billion. Baker Hughes, a GE’s revenue was down 2.7% compared to the same quarter last year.
Several other equities analysts have also weighed in on the stock. Jefferies Group set a $31.00 price objective on shares of Baker Hughes, a GE and gave the company a “hold” rating in a report on Wednesday. Bank of America upgraded shares of Baker Hughes, a GE from a “neutral” rating to a “buy” rating and increased their price objective for the company from $27.77 to $33.00 in a report on Monday, April 2nd. Edward Jones upgraded shares of Baker Hughes, a GE from a “hold” rating to a “buy” rating in a report on Thursday, March 29th. Cowen reiterated a “buy” rating and issued a $45.00 target price on shares of Baker Hughes, a GE in a report on Thursday, March 15th. Finally, UBS upgraded shares of Baker Hughes, a GE from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Thursday, March 8th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $37.61.
Shares of NYSE BHGE opened at $29.58 on Thursday. Baker Hughes, a GE has a fifty-two week low of $25.53 and a fifty-two week high of $43.27. The company has a market capitalization of $12,660.55, a P/E ratio of 56.88, a price-to-earnings-growth ratio of 4.75 and a beta of 0.76. The company has a current ratio of 2.08, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16.
In other news, insider William D. Marsh sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total transaction of $175,000.00. Following the completion of the sale, the insider now owns 25,190 shares in the company, valued at approximately $881,650. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.
Institutional investors have recently modified their holdings of the business. ValueAct Holdings L.P. acquired a new stake in Baker Hughes, a GE in the 3rd quarter worth about $1,150,154,000. Hexavest Inc. acquired a new stake in Baker Hughes, a GE in the 4th quarter worth about $34,752,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in Baker Hughes, a GE in the 3rd quarter worth about $13,183,000. Gabelli Funds LLC raised its stake in Baker Hughes, a GE by 27.1% in the 4th quarter. Gabelli Funds LLC now owns 576,575 shares of the company’s stock worth $18,243,000 after purchasing an additional 123,000 shares in the last quarter. Finally, EagleClaw Capital Managment LLC acquired a new stake in Baker Hughes, a GE in the 3rd quarter worth about $314,000. Institutional investors and hedge funds own 92.28% of the company’s stock.
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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 for onshore and offshore operations.
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