Media stories about Baker Hughes (NYSE:BHI) have trended positive this week, according to AlphaOne Sentiment Analysis. AlphaOne, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Baker Hughes earned a news impact score of 0.25 on AlphaOne’s scale. AlphaOne also assigned press coverage about the oilfield services provider an impact score of 94 out of 100, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have effected Alpha One Sentiment Analysis’s analysis:
- U.S. drillers add oil rigs in record streak but pace stays slow -Baker Hughes (cnbc.com)
- Baker Hughes : U.S. Oil-Rig Count Rises by 6 (4-traders.com)
- U.S. and Australia approved merger of Baker Hughes with GE Oil & Gas (upbeacon.net)
- Baker Hughes Incorporated (BHI) Shares Sold by Laurion Capital Management LP (naijaoversabi.com)
- Janney Montgomery Scott LLC Has $275000 Stake in Baker Hughes Incorporated (BHI) (hoyentv.com)
Several analysts have issued reports on BHI shares. Citigroup Inc. reissued a “buy” rating and set a $70.00 price target (down previously from $75.00) on shares of Baker Hughes in a report on Saturday, March 11th. BMO Capital Markets reaffirmed a “buy” rating and issued a $69.00 price objective on shares of Baker Hughes in a research note on Thursday, April 13th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Baker Hughes in a research note on Monday, April 3rd. Zacks Investment Research raised Baker Hughes from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Wednesday, March 29th. Finally, Tudor Pickering started coverage on Baker Hughes in a research report on Thursday, March 23rd. They issued a “buy” rating on the stock. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $62.02.
Baker Hughes (NYSE BHI) traded up 1.72% during trading on Friday, hitting $57.29. The company’s stock had a trading volume of 3,687,710 shares. Baker Hughes has a one year low of $41.74 and a one year high of $68.59. The company has a 50-day moving average of $57.13 and a 200 day moving average of $60.53. The firm’s market cap is $24.37 billion.
Baker Hughes (NYSE:BHI) last announced its earnings results on Tuesday, April 25th. The oilfield services provider reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.17. Baker Hughes had a negative net margin of 19.99% and a negative return on equity of 4.55%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the prior year, the company earned ($1.58) earnings per share. The business’s revenue was down 15.3% compared to the same quarter last year. On average, equities analysts forecast that Baker Hughes will post $0.02 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Monday, May 8th were issued a $0.17 dividend. The ex-dividend date was Thursday, May 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.19%. Baker Hughes’s payout ratio is -15.60%.
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About Baker Hughes
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.
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