Baker Hughes, a GE (NYSE:BHGE) posted its quarterly earnings results on Friday. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03, Bloomberg Earnings reports. The business had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.41 billion. Baker Hughes, a GE had a positive return on equity of 0.10% and a negative net margin of 2.79%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.23) EPS.
NYSE BHGE opened at $33.77 on Friday. Baker Hughes, a GE has a fifty-two week low of $25.53 and a fifty-two week high of $42.27. The firm has a market capitalization of $14,266.36, a PE ratio of 64.83, a P/E/G ratio of 5.54 and a beta of 0.76. The company has a quick ratio of 1.56, a current ratio of 2.08 and a debt-to-equity ratio of 0.16.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Delpha Capital Management LLC purchased a new stake in shares of Baker Hughes, a GE in the fourth quarter valued at $106,000. MHI Funds LLC purchased a new stake in shares of Baker Hughes, a GE in the fourth quarter valued at $175,000. Baldwin Brothers Inc. MA purchased a new stake in shares of Baker Hughes, a GE in the fourth quarter valued at $190,000. Janney Montgomery Scott LLC purchased a new stake in shares of Baker Hughes, a GE in the third quarter valued at $253,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of Baker Hughes, a GE in the fourth quarter valued at $223,000. 92.24% of the stock is owned by institutional investors.
Several research firms have recently commented on BHGE. Cowen set a $40.00 price target on Baker Hughes, a GE and gave the company a “buy” rating in a report on Friday, April 13th. Zacks Investment Research raised Baker Hughes, a GE from a “sell” rating to a “hold” rating in a report on Tuesday. Jefferies Group set a $31.00 price target on Baker Hughes, a GE and gave the company a “hold” rating in a report on Wednesday, April 4th. Bank of America raised their price target on Baker Hughes, a GE from $33.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wells Fargo reduced their price target on Baker Hughes, a GE from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $37.52.
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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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