Baker Hughes (BHGE) Getting Somewhat Positive News Coverage, Analysis Finds
Media coverage about Baker Hughes (NYSE:BHGE) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Baker Hughes earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.6667644034639 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of equities research analysts have weighed in on BHGE shares. Jefferies Group LLC restated a “hold” rating and set a $40.00 price objective on shares of Baker Hughes in a research note on Sunday, September 10th. Barclays PLC set a $43.00 price objective on Baker Hughes and gave the company an “overweight” rating in a research note on Friday, September 29th. Royal Bank Of Canada set a $44.00 price objective on Baker Hughes and gave the company a “buy” rating in a research note on Saturday, October 7th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $38.00 price objective (down previously from $42.00) on shares of Baker Hughes in a research note on Monday, October 2nd. Finally, Zacks Investment Research upgraded Baker Hughes from a “strong sell” rating to a “hold” rating in a research note on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. Baker Hughes has an average rating of “Hold” and an average price target of $40.74.
Shares of Baker Hughes (NYSE:BHGE) traded down $0.47 during midday trading on Tuesday, hitting $30.44. The company had a trading volume of 3,927,100 shares, compared to its average volume of 3,039,240. Baker Hughes has a 1-year low of $29.62 and a 1-year high of $68.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.29 and a current ratio of 1.90.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be issued a $0.18 dividend. This is an increase from Baker Hughes’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, November 3rd. This represents a $0.72 annualized dividend and a dividend yield of 2.37%. Baker Hughes’s dividend payout ratio (DPR) is -32.98%.
In related news, insider Matthias L. Heilmann purchased 1,500 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were acquired at an average price of $30.04 per share, with a total value of $45,060.00. Following the acquisition, the insider now owns 3,500 shares in the company, valued at approximately $105,140. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.66% of the company’s stock.
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