Baker Hughes Inc. (NYSE:BHI)‘s stock had its “buy” rating reiterated by research analysts at Guggenheim in a note issued to investors on Thursday.

Several other research firms also recently weighed in on BHI. Howard Weil raised their target price on Baker Hughes from $56.00 to $62.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 27th. Argus restated a “buy” rating and issued a $65.00 target price (up previously from $56.00) on shares of Baker Hughes in a research report on Tuesday, November 1st. Citigroup Inc. raised their target price on Baker Hughes from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, October 11th. TheStreet upgraded Baker Hughes from a “sell” rating to a “hold” rating in a research report on Friday, October 28th. Finally, BMO Capital Markets restated a “buy” rating and issued a $50.00 target price on shares of Baker Hughes in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $54.47.

Analyst Recommendations for Baker Hughes (NYSE:BHI)

Shares of Baker Hughes (NYSE:BHI) opened at 58.64 on Thursday. The company’s market capitalization is $25.22 billion. Baker Hughes has a 1-year low of $37.58 and a 1-year high of $62.16. The firm’s 50 day moving average price is $53.45 and its 200-day moving average price is $48.70.

Baker Hughes (NYSE:BHI) last issued its quarterly earnings data on Tuesday, October 25th. The oilfield services provider reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.29. Baker Hughes had a negative return on equity of 5.07% and a negative net margin of 30.97%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the company earned ($0.05) earnings per share. Baker Hughes’s quarterly revenue was down 37.8% compared to the same quarter last year. Analysts expect that Baker Hughes will post ($1.63) EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Shareholders of record on Monday, November 7th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.16%. The ex-dividend date is Thursday, November 3rd. Baker Hughes’s dividend payout ratio is presently -8.89%.

In other Baker Hughes news, SVP Alan R. Crain, Jr. sold 25,999 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $50.93, for a total transaction of $1,324,129.07. Following the completion of the sale, the senior vice president now directly owns 24,160 shares of the company’s stock, valued at approximately $1,230,468.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Alan J. Keifer sold 17,434 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $52.70, for a total value of $918,771.80. Following the sale, the vice president now directly owns 41,374 shares of the company’s stock, valued at $2,180,409.80. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Viking Fund Management LLC boosted its position in Baker Hughes by 19.6% in the third quarter. Viking Fund Management LLC now owns 550,000 shares of the oilfield services provider’s stock valued at $27,759,000 after buying an additional 90,000 shares during the last quarter. Legal & General Group Plc boosted its position in Baker Hughes by 5.2% in the first quarter. Legal & General Group Plc now owns 1,932,047 shares of the oilfield services provider’s stock valued at $84,683,000 after buying an additional 96,126 shares during the last quarter. Magnetar Financial LLC boosted its position in Baker Hughes by 143.4% in the first quarter. Magnetar Financial LLC now owns 1,770,173 shares of the oilfield services provider’s stock valued at $77,587,000 after buying an additional 1,042,902 shares during the last quarter. Retirement Systems of Alabama boosted its position in Baker Hughes by 25.0% in the second quarter. Retirement Systems of Alabama now owns 844,653 shares of the oilfield services provider’s stock valued at $38,119,000 after buying an additional 169,058 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its position in Baker Hughes by 1.9% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 376,886 shares of the oilfield services provider’s stock valued at $17,009,000 after buying an additional 6,894 shares during the last quarter. 92.52% of the stock is owned by hedge funds and other institutional investors.

Baker Hughes Company Profile

Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems used in the oil and natural gas industry around the world. The Company also provides industrial products and services for other businesses, including downstream chemicals, and process and pipeline services.

5 Day Chart for NYSE:BHI

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