ValuEngine upgraded shares of Baker Hughes A GE (NYSE:BHGE) from a sell rating to a hold rating in a research report report published on Thursday.

BHGE has been the topic of a number of other reports. Wells Fargo & Co decreased their price objective on Baker Hughes A GE from $45.00 to $43.00 and set an outperform rating on the stock in a report on Wednesday, October 31st. Bank of America started coverage on Baker Hughes A GE in a report on Wednesday, October 17th. They issued a buy rating on the stock. Guggenheim raised Baker Hughes A GE from a neutral rating to a buy rating and set a $37.00 price objective on the stock in a report on Wednesday, October 31st. Credit Suisse Group reaffirmed an outperform rating and issued a $23.57 price objective (down from $28.00) on shares of Baker Hughes A GE in a report on Friday, February 1st. Finally, UBS Group decreased their price objective on Baker Hughes A GE from $45.00 to $38.00 and set a buy rating on the stock in a report on Monday, November 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $35.87.

Shares of BHGE stock traded up $0.31 during trading on Thursday, reaching $25.95. 88,230 shares of the company’s stock were exchanged, compared to its average volume of 4,788,517. The company has a current ratio of 1.66, a quick ratio of 1.15 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $10.57 billion, a PE ratio of 39.29, a PEG ratio of 0.50 and a beta of 0.88. Baker Hughes A GE has a twelve month low of $20.09 and a twelve month high of $37.76.

Baker Hughes A GE (NYSE:BHGE) last issued its quarterly earnings data on Thursday, January 31st. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Baker Hughes A GE had a net margin of 0.85% and a return on equity of 0.76%. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.04 billion. During the same period in the prior year, the company earned $0.15 earnings per share. As a group, sell-side analysts predict that Baker Hughes A GE will post 1.04 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Monday, February 4th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, February 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.77%. Baker Hughes A GE’s payout ratio is 109.09%.

In other news, Director Electric Co General sold 101,200,000 shares of the company’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $22.47, for a total transaction of $2,273,964,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William D. Marsh sold 1,242 shares of the company’s stock in a transaction on Friday, January 25th. The shares were sold at an average price of $23.31, for a total value of $28,951.02. Following the sale, the insider now owns 35,257 shares of the company’s stock, valued at $821,840.67. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new stake in shares of Baker Hughes A GE during the 4th quarter worth $35,000. Bremer Trust National Association bought a new stake in shares of Baker Hughes A GE during the 4th quarter worth $36,000. JOYN Advisors Inc. lifted its position in shares of Baker Hughes A GE by 271.0% during the 4th quarter. JOYN Advisors Inc. now owns 1,929 shares of the company’s stock worth $41,000 after buying an additional 1,409 shares during the last quarter. First Hawaiian Bank lifted its position in shares of Baker Hughes A GE by 76.0% during the 4th quarter. First Hawaiian Bank now owns 2,295 shares of the company’s stock worth $49,000 after buying an additional 991 shares during the last quarter. Finally, CKW Financial Group lifted its position in shares of Baker Hughes A GE by 25.0% during the 4th quarter. CKW Financial Group now owns 2,500 shares of the company’s stock worth $54,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

About Baker Hughes A GE

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Baker Hughes A GE (NYSE:BHGE)

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