Baker Hughes, a GE company Class A (NYSE:BHGE) insider William D. Marsh sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $35.00, for a total transaction of $175,000.00. Following the completion of the sale, the insider now owns 25,190 shares of the company’s stock, valued at $881,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Baker Hughes, a GE company Class A (BHGE) traded up $0.44 during trading on Wednesday, reaching $35.47. 3,500,000 shares of the company’s stock were exchanged, compared to its average volume of 5,260,000. The firm has a market cap of $15,000.00 and a price-to-earnings ratio of -5.42. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.29 and a current ratio of 1.90. Baker Hughes, a GE company Class A has a 52-week low of $29.62 and a 52-week high of $40.82.

Baker Hughes, a GE company Class A (NYSE:BHGE) last released its earnings results on Friday, October 20th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.07). The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.52 billion. Baker Hughes, a GE company Class A had a negative return on equity of 0.84% and a negative net margin of 6.66%. Baker Hughes, a GE company Class A’s revenue for the quarter was up 77.7% on a year-over-year basis. analysts forecast that Baker Hughes, a GE company Class A will post 0.45 earnings per share for the current year.

A number of brokerages recently issued reports on BHGE. Zacks Investment Research cut shares of Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a report on Tuesday. UBS Group cut shares of Baker Hughes, a GE company Class A from a “positive” rating to a “neutral” rating in a report on Monday, October 2nd. Citigroup decreased their price objective on shares of Baker Hughes, a GE company Class A from $44.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday, October 25th. Barclays set a $43.00 price objective on shares of Baker Hughes, a GE company Class A and gave the stock an “overweight” rating in a report on Friday, September 29th. Finally, B. Riley reiterated a “neutral” rating on shares of Baker Hughes, a GE company Class A in a report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.32.

Institutional investors have recently added to or reduced their stakes in the business. First Bank & Trust acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth $101,000. Amica Retiree Medical Trust acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth $101,000. Trust Co. of Vermont acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth $105,000. Westside Investment Management Inc. acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth $108,000. Finally, Sun Life Financial INC acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth $115,000. 89.28% of the stock is owned by hedge funds and other institutional investors.

WARNING: This news story was originally published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another site, it was illegally copied and reposted in violation of US & international copyright and trademark law. The correct version of this news story can be accessed at https://www.watchlistnews.com/baker-hughes-a-ge-company-class-a-bhge-insider-sells-175000-00-in-stock/1801903.html.

Baker Hughes, a GE company Class A Company Profile

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

Receive News & Ratings for Baker Hughes a GE company Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes a GE company Class A and related companies with Analyst Ratings Network's FREE daily email newsletter.