So This is Why Baker Hughes Incorporated (BHI) Is So Strong

19 Mai, 2017, 22:17 | Author: Marc Bacque
  • So This is Why Baker Hughes Incorporated (BHI) Is So Strong

Jefferies has "Underperform" rating and $34 target.

Stock analysts at Capital One Financial Corp. lifted their Q1 2017 EPS estimates for Baker Hughes in a report released on Tuesday, Zacks Investment Research reports.

Several other brokerages have also commented on BHI. Finally, Tudor Pickering assumed coverage on Baker Hughes in a research note on Thursday, March 23rd. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. The company presently has a consensus rating of "Hold" and an average target price of $62.33. Sumitomo Mitsui Asset Management holds 0.04% of its portfolio in Baker Hughes Incorporated (NYSE:BHI) for 30,865 shares. If you are viewing this article on another site, it was illegally copied and reposted in violation of United States & global trademark & copyright law. The correct version of this report can be read at https://www.themarketsdaily.com/2017/05/19/q2-2017-eps-estimates-for-baker-hughes-incorporated-cut-by-fbr-co-bhi-updated-updated.html.

Baker Hughes (NYSE:BHI) traded down 0.52% during mid-day trading on Thursday, hitting $57.13. The company's 50-day moving average is $59.36 and its 200-day moving average is $61.01. The company's market cap is $24.31 billion. The company reported EPS of $-0.24, below the consensus estimate calling for EPS of $-0.21 - a negative surprise of -12.62%. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.27 billion. Baker Hughes had a negative net margin of 27.82% and a negative return on equity of 5.64%.

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The average EPS estimate of 10 Wall Street analysts is $-0.12 per share, compared to the company's reported EPS of $-0.9 per share in the year-ago quarter. During the same quarter past year, the firm posted ($1.58) EPS.

Other equities analysts have also issued research reports about the company. Janus Capital Management LLC increased its position in Baker Hughes by 3,529.3% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt has 0.09% invested in Baker Hughes Incorporated (NYSE:BHI) for 26,991 shares. First Manhattan Co. now owns 2,470 shares of the oilfield services provider's stock valued at $124,000 after buying an additional 400 shares in the last quarter. Winch Advisory Services LLC acquired a new position in shares of Baker Hughes during the first quarter valued at approximately $104,000. Norges Bank bought a new position in shares of Baker Hughes during the fourth quarter valued at $254,792,000. Brown Advisory Inc. now owns 5,791 shares of the oilfield services provider's stock worth $376,000 after buying an additional 53 shares in the last quarter. American National Bank now owns 8,614 shares of the oilfield services provider's stock worth $516,000 after buying an additional 66 shares in the last quarter. Investors of record on Monday, May 8th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.19%. The ex-dividend date is Thursday, May 4th. It is flat, as 72 investors sold Baker Hughes Incorporated shares while 205 reduced holdings. only 93 funds opened positions while 194 raised stakes.

Baker Hughes Incorporated is engaged in the oilfield services industry. The Firm is a supplier of oilfield services, products, technology and systems used in the oil and natural gas industry around the world.

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