6 hours Ago By ABMN Staff
Baker Hughes ( NASDAQ:BKR – Get Free Report ) had its price objective cut by equities research analysts at Evercore ISI from $52.00 to $50.00 in a research note issued on Thursday, Benzinga reports.
The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s price target indicates a potential upside of 37.17% from the company’s previous close.
A number of other equities analysts have also weighed in on the stock. Susquehanna decreased their price objective on shares of Baker Hughes from $55.00 to $48.
00 and set a “positive” rating for the company in a report on Monday, April 14th. TD Cowen decreased their price target on Baker Hughes from $50.00 to $49.
00 and set a “buy” rating for the company in a research note on Thursday. Wells Fargo & Company increased their price objective on Baker Hughes from $49.00 to $54.
00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada boosted their target price on Baker Hughes from $49.00 to $53.
00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group raised their price target on shares of Baker Hughes from $51.00 to $52.
00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.
com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.11. Get Our Latest Report on BKR Baker Hughes Trading Up 0.
2 % Baker Hughes ( NASDAQ:BKR – Get Free Report ) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
48 by $0.03. The business had revenue of $6.
43 billion during the quarter, compared to analyst estimates of $6.54 billion. Baker Hughes had a net margin of 10.
70% and a return on equity of 14.58%. As a group, equities analysts forecast that Baker Hughes will post 2.
59 EPS for the current fiscal year. Insider Activity at Baker Hughes In related news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction that occurred on Monday, January 27th.
The shares were sold at an average price of $44.77, for a total value of $358,160.00.
Following the completion of the sale, the executive vice president now directly owns 173,302 shares of the company’s stock, valued at approximately $7,758,730.54. This represents a 4.
41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . 0.
27% of the stock is owned by company insiders. Hedge Funds Weigh In On Baker Hughes A number of hedge funds have recently modified their holdings of BKR. Norges Bank bought a new stake in shares of Baker Hughes during the 4th quarter valued at $829,092,000.
Raymond James Financial Inc. purchased a new stake in Baker Hughes in the 4th quarter worth $291,289,000. Neuberger Berman Group LLC raised its holdings in Baker Hughes by 2,527.
6% during the fourth quarter. Neuberger Berman Group LLC now owns 3,319,418 shares of the company’s stock valued at $136,158,000 after acquiring an additional 3,193,089 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Baker Hughes in the fourth quarter valued at about $128,542,000.
Finally, Congress Asset Management Co. bought a new position in shares of Baker Hughes in the fourth quarter worth about $107,155,000. 92.
06% of the stock is currently owned by institutional investors. Baker Hughes Company Profile ( Get Free Report ) Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments.
The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations. Featured Articles Receive News & Ratings for Baker Hughes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes and related companies with MarketBeat.com's FREE daily email newsletter .
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