Baker Hughes A GE Co (NYSE:BHGE)’s share price gapped up before the market opened on Friday . The stock had previously closed at $20.98, but opened at $21.47. Baker Hughes A GE shares last traded at $21.66, with a volume of 5091503 shares changing hands.
Several research firms have recently commented on BHGE. Bank of America restated a “buy” rating and set a $27.00 price target (down from $37.00) on shares of Baker Hughes A GE in a report on Monday, December 3rd. Barclays restated a “buy” rating and set a $35.00 price target on shares of Baker Hughes A GE in a report on Thursday, October 11th. Stifel Nicolaus began coverage on shares of Baker Hughes A GE in a report on Monday, September 10th. They set a “buy” rating and a $40.00 price target on the stock. Credit Suisse Group lowered their price target on shares of Baker Hughes A GE from $36.00 to $33.00 and set a “neutral” rating on the stock in a report on Wednesday, October 31st. Finally, B. Riley set a $42.00 price target on shares of Baker Hughes A GE and gave the company a “buy” rating in a report on Sunday, October 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen The company has a consensus rating of “Buy” and an average target price of $36.36.
Get Baker Hughes A GE alerts: The firm has a market capitalization of $8.93 billion, a PE ratio of 41.65, a price-to-earnings-growth ratio of 4.22 and a beta of 0.82. 0.17, a quick ratio of 1.35 and a current ratio of 1.91.
Baker Hughes A GE (NYSE:BHGE) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.19 earnings per share (EPS) for the quarter, missing $0.21 by ($0.02). The business had revenue of $5.67 the consensus estimate of $5.88 billion. Baker Hughes A GE had a return on equity of 0.59% and a net margin of 0.16%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.05 earnings per share. As a group, equities analysts expect that Baker Hughes A GE Co will post 0.64 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Thursday, November 15th. Baker Hughes A GE’s dividend payout ratio is presently 138.46%.
In related news, Director Electric Co General sold 101,200,000 shares of the company’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $22.47, for a total value of $2,273,964,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . Corporate insiders own 0.18% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Capital World Investors boosted its holdings in Baker Hughes A GE by 2.2% during the third quarter. Capital World Investors now owns 49,431,229 shares of the company’s stock valued at $1,672,258,000 after acquiring an additional 1,061,251 shares during the period. Dodge & Cox boosted its holdings in Baker Hughes A GE by 4.2% during the third quarter. Dodge & Cox now owns 39,653,536 shares of the company’s stock valued at $1,341,479,000 after acquiring an additional 1,606,897 shares during the period. Capital International Investors boosted its holdings in Baker Hughes A GE by 1,249.7% during the third quarter. Capital International Investors now owns 16,163,579 shares of the company’s stock valued at $546,814,000 after acquiring an additional 14,965,979 shares during the period. American Century Companies Inc. boosted its holdings in Baker Hughes A GE by 6.2% during the third quarter. American Century Companies Inc. now owns 8,016,963 shares of the company’s stock valued at $271,214,000 after acquiring an additional 465,135 shares during the period. Finally, TCW Group Inc. boosted its holdings in Baker Hughes A GE by 2.4% during the third quarter. TCW Group Inc. now owns 4,515,865 shares of the company’s stock valued at $152,771,000 after acquiring an additional 106,099 shares during the period. Institutional investors own 96.06% of the company’s stock.
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About Baker Hughes A GE ( NYSE:BHGE )
Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies.
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