Baker Hughes, a GE company Class A (NYSE:BHGE) – Stock analysts at Jefferies Group decreased their Q4 2017 earnings estimates for Baker Hughes, a GE company Class A in a research report issued to clients and investors on Thursday. Jefferies Group analyst B. Handler now anticipates that the company will post earnings per share of $0.17 for the quarter, down from their previous estimate of $0.18. Jefferies Group currently has a “Hold” rating and a $35.00 target price on the stock. Jefferies Group also issued estimates for Baker Hughes, a GE company Class A’s Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.43 EPS, FY2018 earnings at $1.10 EPS and FY2019 earnings at $2.05 EPS.

Baker Hughes, a GE company Class A (NYSE:BHGE) last released its quarterly earnings data on Friday, October 20th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.07). The firm had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.52 billion. Baker Hughes, a GE company Class A had a negative net margin of 6.66% and a negative return on equity of 0.84%. The business’s quarterly revenue was up 77.7% compared to the same quarter last year.

BHGE has been the subject of a number of other reports. Royal Bank of Canada set a $44.00 target price on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a report on Saturday, October 7th. Deutsche Bank assumed coverage on shares of Baker Hughes, a GE company Class A in a report on Tuesday, October 10th. They set a “hold” rating and a $35.00 price objective on the stock. Cowen set a $50.00 price objective on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Wednesday, October 18th. Zacks Investment Research upgraded shares of Baker Hughes, a GE company Class A from a “strong sell” rating to a “hold” rating in a report on Monday, November 13th. Finally, Barclays set a $41.00 price objective on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. Baker Hughes, a GE company Class A presently has an average rating of “Hold” and a consensus price target of $40.32.

Baker Hughes, a GE company Class A (BHGE) opened at $34.44 on Friday. The company has a market cap of $14,830.00 and a PE ratio of -5.26. The company has a quick ratio of 1.29, a current ratio of 1.90 and a debt-to-equity ratio of 0.08. Baker Hughes, a GE company Class A has a fifty-two week low of $29.62 and a fifty-two week high of $40.82.

Hedge funds have recently made changes to their positions in the company. First Bank & Trust acquired a new position in Baker Hughes, a GE company Class A in the 3rd quarter valued at $101,000. Amica Retiree Medical Trust acquired a new position in Baker Hughes, a GE company Class A in the 3rd quarter valued at $101,000. Trust Co. of Vermont acquired a new position in Baker Hughes, a GE company Class A in the 3rd quarter valued at $105,000. Westside Investment Management Inc. acquired a new position in Baker Hughes, a GE company Class A in the 3rd quarter valued at $108,000. Finally, Sun Life Financial INC acquired a new position in Baker Hughes, a GE company Class A in the 3rd quarter valued at $115,000. 89.29% of the stock is owned by institutional investors and hedge funds.

In related news, insider Matthias L. Heilmann acquired 1,500 shares of the stock in a transaction on Thursday, October 26th. The shares were acquired at an average price of $30.04 per share, for a total transaction of $45,060.00. Following the transaction, the insider now owns 3,500 shares in the company, valued at approximately $105,140. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.66% of the company’s stock.

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Baker Hughes, a GE company Class A Company Profile

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

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