Somewhat Positive Press Coverage Somewhat Unlikely to Impact Baker Hughes A GE (BHI) Share Price
News stories about Baker Hughes A GE (NYSE:BHI) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Baker Hughes A GE earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the oilfield services provider an impact score of 45.5192102640722 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Baker Hughes reports a third-consecutive weekly rise in the U.S. oil-rig count (finance.yahoo.com)
- Baker Hughes Rig Count Rises by Two (finance.yahoo.com)
- U.S. drillers add oil rigs for 3rd week in a row -Baker Hughes (feeds.reuters.com)
- BRIEF-Baker Hughes, A GE Company Announces November 2017 Rig Counts (GE) (uk.news.yahoo.com)
- BRIEF-Baker Hughes, A GE Company Announces Pricing Of Offering Of $3.95 Billion Of Senior Notes (GE) (markets.businessinsider.com)
A number of analysts recently commented on BHI shares. Barclays started coverage on shares of Baker Hughes A GE in a report on Thursday, August 31st. They set a “buy” rating and a $41.00 price objective on the stock. UBS started coverage on shares of Baker Hughes A GE in a report on Thursday, October 19th. They set a “hold” rating and a $36.00 price objective on the stock. Loop Capital reissued a “hold” rating and set a $37.00 price objective on shares of Baker Hughes A GE in a report on Monday, October 23rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $38.00 price objective on shares of Baker Hughes A GE in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. Baker Hughes A GE presently has a consensus rating of “Hold” and an average price target of $58.06.
Shares of Baker Hughes A GE (BHI) traded up $3.17 during trading hours on Friday, hitting $57.68. 4,124,500 shares of the company’s stock were exchanged, compared to its average volume of 2,667,498. Baker Hughes A GE has a 52 week low of $43.09 and a 52 week high of $68.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.31 and a current ratio of 4.21.
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About Baker Hughes A GE
Baker Hughes, a GE Company is an oil and gas company. The Company is a provider of integrated oilfield products, services and digital solutions. The Company’s products and services include upstream, midstream, downstream, industrial and digital. The Company’s upstream, which includes evaluation, drilling, completions and production.
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