US rig count rises 7 this week to 908; Colorado up 5

About shares traded. Baker Hughes Incorporated (BHI) has risen 28.69% since May 26, 2016 and is uptrending. The Wellington Management Group Llp holds 20.85 million shares with $1.35 billion value, up from 1,883 last quarter. Norges Bank bought a new position in Baker Hughes during the fourth quarter worth approximately $254,792,000. It is the same, as 72 investors sold BHI shares while 205 reduced holdings. only 93 funds opened positions while 194 raised stakes. Moody Lynn & Lieberson LLC increased its stake in Baker Hughes by 1.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,121 shares of the oilfield services provider's stock valued at $127,000 after buying an additional 1,000 shares during the period. Finally, Comerica Bank boosted its position in Baker Hughes by 4.1% in the fourth quarter. State Street Corp now owns 22,328,635 shares of the oilfield services provider's stock valued at $1,450,682,000 after buying an additional 472,771 shares during the last quarter. Comerica Bank now owns 133,740 shares of the oilfield services provider's stock worth $8,147,000 after buying an additional 5,252 shares in the last quarter. Hsbc Holdings PLC now owns 337,587 shares of the oilfield services provider's stock valued at $17,038,000 after buying an additional 6,668 shares during the period.

Headlines about Baker Hughes (NYSE:BHI) have trended somewhat positive this week, according to AlphaOne Sentiment Analysis. About 2.46 million shares traded. First Personal Finance Services holds 0.05% of its portfolio in Baker Hughes Incorporated (NYSE:BHI) for 2,746 shares. Bluecrest Capital Management Ltd acquired 23,574 shares as Baker Hughes Inc (BHI)'s stock declined 4.18%. After $-0.04 actual EPS reported by Baker Hughes Incorporated for the previous quarter, Wall Street now forecasts 200.00% negative EPS growth. The oilfield services provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.17. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.27 billion. Baker Hughes had a negative net margin of 27.82% and a negative return on equity of 5.64%. The company's revenue for the quarter was down 15.3% compared to the same quarter a year ago. During the same period in the previous year, the business earned ($1.58) earnings per share. Baker Hughes has a 52 week low of $41.74 and a 52 week high of $68.59.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Monday, May 8th were issued a dividend of $0.17 per share. The ex-dividend date is Thursday, May 4th. This represents a $0.68 annualized dividend and a dividend yield of 1.19%. Baker Hughes's dividend payout ratio is now -10.83%.

COPYRIGHT VIOLATION WARNING: "CKW Financial Group Has $102,000 Position in Baker Hughes Incorporated (BHI)" was first published by BBNS and is owned by of BBNS. If you are reading this report on another domain, it was illegally stolen and reposted in violation of US and worldwide trademark & copyright laws. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/05/26/analysts-set-baker-hughes-incorporated-bhi-target-price-at-62-22.html. Energy Opportunities Capital Management Llc, a Texas-based fund reported 188,141 shares. FBR & Co raised their target price on Baker Hughes from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Wednesday, February 22nd. Finally, Societe Generale lowered Baker Hughes from a "buy" rating to a "hold" rating and lifted their price objective for the company from $61.74 to $65.00 in a research note on Thursday, January 19th. The Organization of Petroleum Exporting Countries - a cartel of major oil producers - extended the deal that started in January to address the global supply glut that has subdued prices. Zacks Investment Research cut Baker Hughes from a "buy" rating to a "hold" rating in a research report on Tuesday, January 17th.

Among 10 analysts covering Zynga (NASDAQ:ZNGA), 4 have Buy rating, 1 Sell and 5 Hold. The stock has "Hold" rating by Robert W. Baird on Friday, August 7.

Baker Hughes Incorporated is engaged in the oilfield services industry.

  • Zachary Reyes