The Jefferies Group LLC Analysts Give Baker Hughes Incorporated (BHI) a $67.00 Price Target

The Jefferies Group LLC Analysts Give Baker Hughes Incorporated (BHI) a $67.00 Price Target

A number of other analysts have also weighed in on BHI. Susquehanna Bancshares Inc upgraded Baker Hughes from a neutral rating to a positive rating and set a $71.00 target price for the company in a report on Thursday, February 9th. FBR & Co upped their target price on Baker Hughes from $62.00 to $65.00 and gave the stock an outperform rating in a report on Wednesday, February 22nd. Citigroup Inc restated a buy rating and set a $70.00 target price (down previously from $75.00) on shares of Baker Hughes in a report on Saturday, March 11th. Scotiabank set a $69.00 target price on Baker Hughes and gave the stock a hold rating in a report on Wednesday, March 22nd. Finally, Tudor Pickering started coverage on Baker Hughes in a report on Thursday, March 23rd. They set a buy rating for the company. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Hold and a consensus price target of $62.02.

Jefferies Group LLC set a $67.00 price target on Baker Hughes Incorporated (NYSE:BHI) in a research report released on Wednesday. The brokerage currently has a hold rating on the oilfield services provider’s stock.

Baker Hughes (NYSE BHI) opened at 54.95 on Wednesday. The company’s market cap is $23.38 billion. The company’s 50-day moving average price is $58.10 and its 200-day moving average price is $60.94. Baker Hughes has a 52-week low of $41.74 and a 52-week high of $68.59. Baker Hughes (NYSE:BHI) last posted its earnings results on Tuesday, April 25th. The oilfield services provider reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.17. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.27 billion. Baker Hughes had a negative return on equity of 5.64% and a negative net margin of 27.82%. Baker Hughes’s revenue was down 15.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.58) earnings per share. Equities research analysts expect that Baker Hughes will post $0.02 EPS for the current fiscal year.

Baker Hughes (NYSE BHI) opened at 54.95 on Wednesday. The company’s market cap is $23.38 billion. The company’s 50-day moving average price is $58.10 and its 200-day moving average price is $60.94. Baker Hughes has a 52-week low of $41.74 and a 52-week high of $68.59. The firm also recently announced a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Monday, May 8th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, May 4th. Baker Hughes’s dividend payout ratio (DPR) is -10.83%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BHI. Partners Capital Investment Group Holdings LLC raised its position in Baker Hughes by 0.3% in the first quarter. Partners Capital Investment Group Holdings LLC now owns 1,944 shares of the oilfield services provider’s stock worth $116,000 after buying an additional 5 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in Baker Hughes by 0.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 10,712 shares of the oilfield services provider’s stock worth $599,000 after buying an additional 48 shares during the period. Brown Advisory Inc. raised its position in Baker Hughes by 0.9% in the fourth quarter. Brown Advisory Inc. now owns 5,791 shares of the oilfield services provider’s stock worth $376,000 after buying an additional 53 shares during the period. American National Bank raised its position in Baker Hughes by 0.8% in the first 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 during the period. Finally, Moody Lynn & Lieberson LLC raised its position in Baker Hughes by 1.0% in the first quarter. Moody Lynn & Lieberson LLC now owns 7,728 shares of the oilfield services provider’s stock worth $462,000 after buying an additional 75 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds. Baker Hughes Company Profile

Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems used in the oil and natural gas industry around the world. The Company also provides products and services for other businesses, including downstream chemicals, and process and pipeline services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BHI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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