Baker Hughes, a GE company Class A (BHGE) Receives News Sentiment Rating of 0.15
Press coverage about Baker Hughes, a GE company Class A (NASDAQ:BHGE) has trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Baker Hughes, a GE company Class A earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.9625837801975 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Baker Hughes, a GE company Class A (BHGE) opened at $31.18 on Friday.
Baker Hughes, a GE company Class A (NASDAQ:BHGE) last posted its quarterly earnings results on Friday, October 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.07). The business had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.52 billion. The company’s revenue for the quarter was up 77.7% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.31%. This is a positive change from Baker Hughes, a GE company Class A’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, November 3rd.
BHGE has been the subject of several recent analyst reports. Zacks Investment Research lowered Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Cowen and Company restated a “buy” rating and issued a $55.00 target price on shares of Baker Hughes, a GE company Class A in a research report on Tuesday, July 11th. Morgan Stanley restated an “overweight” rating and issued a $60.00 target price on shares of Baker Hughes, a GE company Class A in a research report on Monday, July 17th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $37.00 target price on shares of Baker Hughes, a GE company Class A in a research report on Tuesday, July 18th. Finally, Scotiabank set a $44.00 target price on Baker Hughes, a GE company Class A and gave the stock a “hold” rating in a research report on Saturday, October 21st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. Baker Hughes, a GE company Class A currently has a consensus rating of “Hold” and a consensus target price of $40.74.
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In other Baker Hughes, a GE company Class A news, insider Matthias L. Heilmann acquired 1,500 shares of Baker Hughes, a GE company Class A stock in a transaction dated Thursday, October 26th. The stock was bought at an average cost of $30.04 per share, with a total value of $45,060.00. Following the acquisition, the insider now owns 3,500 shares of the company’s stock, valued at $105,140. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lorenzo Simonelli acquired 6,100 shares of Baker Hughes, a GE company Class A stock in a transaction dated Friday, August 18th. The shares were acquired at an average cost of $32.99 per share, with a total value of $201,239.00. Following the completion of the acquisition, the insider now directly owns 9,139 shares in the company, valued at approximately $301,495.61. The disclosure for this purchase can be found here.
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