Baker Hughes, a GE company Class A (NASDAQ:BHGE) – Analysts at Seaport Global Securities dropped their Q3 2017 earnings per share (EPS) estimates for shares of Baker Hughes, a GE company Class A in a research note issued to investors on Thursday. Seaport Global Securities analyst S. Randhawa now forecasts that the company will post earnings per share of $0.11 for the quarter, down from their previous forecast of $0.23. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Baker Hughes, a GE company Class A’s Q4 2017 earnings at $0.13 EPS, FY2017 earnings at $0.85 EPS, Q1 2018 earnings at $0.17 EPS, Q2 2018 earnings at $0.21 EPS, FY2018 earnings at $1.01 EPS and FY2019 earnings at $1.66 EPS.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last announced its earnings results on Friday, July 28th. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.27). The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the company earned ($0.90) earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis.

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Several other equities research analysts have also recently commented on the company. Deutsche Bank AG assumed coverage on Baker Hughes, a GE company Class A in a research note on Tuesday. They issued a “hold” rating and a $35.00 target price for the company. Royal Bank Of Canada set a $44.00 target price on Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research note on Saturday. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $38.00 target price (down from $42.00) on shares of Baker Hughes, a GE company Class A in a research note on Monday, October 2nd. UBS AG cut Baker Hughes, a GE company Class A from a “positive” rating to a “neutral” rating in a research note on Monday, October 2nd. Finally, Barclays PLC set a $43.00 target price on Baker Hughes, a GE company Class A and gave the company an “overweight” rating in a research note on Friday, September 29th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Baker Hughes, a GE company Class A presently has a consensus rating of “Hold” and a consensus target price of $42.07.

Baker Hughes, a GE company Class A (BHGE) opened at 34.97 on Monday. The company’s 50-day moving average price is $35.57 and its 200 day moving average price is $46.60. The company’s market cap is $14.97 billion. Baker Hughes, a GE company Class A has a 52 week low of $32.43 and a 52 week high of $68.59.

Several institutional investors have recently made changes to their positions in BHGE. Cacti Asset Management LLC acquired a new stake in shares of Baker Hughes, a GE company Class A during the third quarter worth $12,142,000. South Dakota Investment Council acquired a new stake in shares of Baker Hughes, a GE company Class A during the second quarter worth $4,610,000. Park National Corp OH acquired a new stake in shares of Baker Hughes, a GE company Class A during the third quarter worth $1,601,000. New Mexico Educational Retirement Board acquired a new stake in shares of Baker Hughes, a GE company Class A during the second quarter worth $1,461,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Baker Hughes, a GE company Class A during the second quarter worth $959,000.

In related news, CFO Brian Worrell acquired 2,801 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was acquired at an average cost of $35.24 per share, with a total value of $98,707.24. Following the completion of the purchase, the chief financial officer now directly owns 2,801 shares in the company, valued at $98,707.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lorenzo Simonelli acquired 6,100 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average cost of $32.99 per share, with a total value of $201,239.00. Following the completion of the purchase, the insider now owns 9,139 shares of the company’s stock, valued at $301,495.61. The disclosure for this purchase can be found here. Insiders bought a total of 13,901 shares of company stock valued at $476,796 over the last three months.

Earnings History and Estimates for Baker Hughes, a GE company Class A (NASDAQ:BHGE)

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