Baker Hughes, a GE company Class A (NASDAQ:BHGE) announced its quarterly earnings data on Friday. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.07), Bloomberg Earnings reports. The business had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.52 billion. The firm’s revenue for the quarter was up 77.7% on a year-over-year basis.

Baker Hughes, a GE company Class A (NASDAQ BHGE) traded up 0.33% during trading on Friday, hitting $33.26. The stock had a trading volume of 7,152,564 shares. The stock’s 50-day moving average is $35.67 and its 200-day moving average is $45.31. The stock’s market capitalization is $14.24 billion. Baker Hughes, a GE company Class A has a 52-week low of $31.44 and a 52-week high of $40.82.

In other Baker Hughes, a GE company Class A news, Director John G. Rice purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was bought at an average cost of $35.37 per share, for a total transaction of $176,850.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $176,850. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lorenzo Simonelli purchased 6,100 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was acquired at an average price 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 approximately $301,495.61. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 13,901 shares of company stock valued at $476,796.

Institutional investors have recently added to or reduced their stakes in the business. M&R Capital Management Inc. purchased a new stake in Baker Hughes, a GE company Class A in the second quarter valued at about $141,000. Alpha Windward LLC purchased a new stake in Baker Hughes, a GE company Class A in the third quarter valued at about $167,000. Fairpointe Capital LLC purchased a new stake in Baker Hughes, a GE company Class A in the second quarter valued at about $229,000. Eqis Capital Management Inc. purchased a new stake in Baker Hughes, a GE company Class A in the third quarter valued at about $236,000. Finally, Canal Capital Management LLC purchased a new stake in Baker Hughes, a GE company Class A in the third quarter valued at about $274,000.

Several brokerages have commented on BHGE. UBS AG began coverage on Baker Hughes, a GE company Class A in a research report on Thursday. They set a “neutral” rating and a $36.00 price objective for the company. Cowen and Company reissued an “outperform” rating and set a $55.00 price objective on shares of Baker Hughes, a GE company Class A in a research report on Wednesday, August 23rd. Jefferies Group LLC reissued a “hold” rating and set a $40.00 price objective (down previously from $67.00) on shares of Baker Hughes, a GE company Class A in a research report on Wednesday, August 9th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $38.00 price objective (down previously from $42.00) on shares of Baker Hughes, a GE company Class A in a research report on Monday, October 2nd. Finally, Royal Bank Of Canada set a $55.00 price objective on Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research report on Saturday, August 12th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $41.82.

TRADEMARK VIOLATION NOTICE: “Baker Hughes, a GE company Class A (BHGE) Issues Quarterly Earnings Results” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another website, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/22/baker-hughes-a-ge-company-class-a-bhge-issues-quarterly-earnings-results.html.

Receive News & Stock Ratings for Baker Hughes a GE company Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes a GE company Class A and related stocks with our FREE daily email newsletter.