Baker Hughes (NYSE:BKR)‘s stock had its “buy” rating reiterated by equities research analysts at Royal Bank of Canada in a report released on Tuesday, AnalystRatings.com reports.
A number of other brokerages have also weighed in on BKR. Northland Securities initiated coverage on Baker Hughes in a report on Friday, May 29th. They set a “market perform” rating and a $17.00 price target on the stock. Tudor Pickering upgraded Baker Hughes from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Thursday, March 26th. Wells Fargo & Co reduced their price target on Baker Hughes from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. ValuEngine upgraded Baker Hughes from a “sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, Barclays raised their price objective on Baker Hughes from $14.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company. Baker Hughes currently has a consensus rating of “Buy” and a consensus price target of $17.68.
Shares of NYSE BKR opened at $14.31 on Tuesday. The stock has a market capitalization of $16.04 billion, a price-to-earnings ratio of -0.92, a PEG ratio of 9.98 and a beta of 1.74. Baker Hughes has a 12 month low of $9.12 and a 12 month high of $25.99. The firm’s 50 day simple moving average is $15.78 and its 200-day simple moving average is $17.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.44 and a quick ratio of 1.00.
Baker Hughes (NYSE:BKR) last announced its earnings results on Wednesday, April 22nd. The company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. Baker Hughes had a positive return on equity of 1.53% and a negative net margin of 42.77%. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter last year, the firm posted $0.15 EPS. The business’s revenue was down 3.4% on a year-over-year basis. Analysts anticipate that Baker Hughes will post 0.19 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. AXA acquired a new position in shares of Baker Hughes in the first quarter valued at approximately $199,000. State Street Corp acquired a new position in shares of Baker Hughes in the first quarter valued at approximately $361,242,000. Finally, State of New Jersey Common Pension Fund D acquired a new position in shares of Baker Hughes in the first quarter valued at approximately $4,771,000. Institutional investors own 96.02% of the company’s stock.
About Baker Hughes
Baker Hughes 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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