US rig count rises 8 this week to 916; Texas up 5
- Author: Zachary Reyes Jun 03, 2017,
Jun 03, 2017, 6:24
ATR value of company was 1.07. The Fund's investment objectives are high current income and total return. After $0.23 actual earnings per share reported by Gorman-Rupp Co for the previous quarter, Wall Street now forecasts -4.35% negative EPS growth. Capital World Investors acquired 13.10M shares as Baker Hughes Inc (BHI)'s stock declined 4.18%. Addison Capital holds 1.73% in Baker Hughes Incorporated (NYSE:BHI) or 30,324 shares. Therefore 55% are positive. The current share price indicates that stock is -19.59% away from its one year high and is moving 32.13% ahead of its 52-week low. Finally, FBR & Co raised their target price on shares of Baker Hughes from $62.00 to $65.00 and gave the stock an "outperform" rating in a report on Wednesday, February 22nd. Baker Hughes Incorporated had 68 analyst reports since July 22, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, January 4 by Credit Suisse. Tudor Pickering initiated the stock with "Buy" rating in Friday, March 24 report. The rating was maintained by Goldman Sachs with "Neutral" on Monday, May 9. Susquehanna Bancshares Inc upgraded Baker Hughes from a "neutral" rating to a "positive" rating and set a $71.00 target price for the company in a research report on Thursday, February 9th. The other 19 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. The stock of Baker Hughes Incorporated (NYSE:BHI) earned "Neutral" rating by Atlantic Securities on Tuesday, November 1.
Baker Hughes (NYSE:BHI) last announced its quarterly earnings results on Tuesday, April 25th. The oilfield services provider reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.21) by $0.17. After having $-0.04 EPS previously, Baker Hughes Incorporated's analysts see 200.00 % EPS growth. Eads & Heald Investment Counsel now owns 12,302 shares of the oilfield services provider's stock valued at $621,000 after buying an additional 340 shares during the last quarter.
The share price of the company (NYSE:BHI) was up +0.69%, with a high of 55.53 during the day and the volume of Baker Hughes Incorporated shares traded was 2748769.
Investors sentiment is 1.04 in 2016 Q4. Its the same as in 2016Q3. It has no change, as 72 investors sold BHI shares while 205 reduced holdings. only 93 funds opened positions while 194 raised stakes. The company has 2803.00 shares outstanding and 10.80% shares of the company were owned by institutional investors. On the bright side, the company's share price has been on the rebound, up more than 59.32% since hitting lows of $41.74 on June 27, 2016. Vanguard Group Inc Inc holds 0% of its portfolio in Gorman-Rupp Co (NYSE:GRC) for 1.46M shares. Royal Bank of Canada reissued a "buy" rating and issued a $72.00 target price on shares of Baker Hughes in a research report on Friday, May 26th. Hsbc Holdings Public Limited has 343,969 shares. Boothbay Fund Management Llc has invested 0.7% in Expedia Inc (NASDAQ:EXPE). Citigroup reported 0.01% stake.
Jefferies now has a $67.0000 TP on shares of Baker Hughes (NYSE:BHI). Ltd. now owns 711,522 shares of the oilfield services provider's stock worth $46,210,000 after buying an additional 669,119 shares during the last quarter. Viking Fund Management Llc owns 530,000 shares or 4.36% of their U.S. portfolio. Pzena Mngmt reported 864,510 shares.
Analysts reviewing Baker Hughes Incorporated have recently updated their recommended buy/sell ratings and price targets on the stock.
Principal Financial Group Inc Inc invested 0.13% in Baker Hughes Incorporated (NYSE:BHI). The stock's market capitalization is 23.63B.
The companies remain confident in the value that the combined company will deliver to its customers, employees, shareholders and to the oil and gas industry. The Company also provides products and services for other businesses, including downstream chemicals, and process and pipeline services. Shareholders of record on Monday, May 8th were issued a $0.17 dividend. It has underperformed by 7.88% the S&P500.
Since December 12, 2016, it had 0 buys, and 2 sales for $599,203 activity.
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