Baker Hughes (BKR) Projected to Post Earnings on Thursday

Baker Hughes (NASDAQ:BKR) is expected to release its earnings data after the market closes on Thursday, January 30th. Analysts expect Baker Hughes to post earnings of $0.63 per share and revenue of $7.07 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Baker Hughes Stock Performance

Shares of BKR stock opened at $43.28 on Wednesday. Baker Hughes has a 1-year low of $28.32 and a 1-year high of $47.47. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $42.83 billion, a price-to-earnings ratio of 19.41, a P/E/G ratio of 0.88 and a beta of 1.39. The stock’s fifty day simple moving average is $43.02 and its 200-day simple moving average is $38.87.

Insider Buying and Selling at Baker Hughes

In related news, EVP Maria C. Borras sold 8,000 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the transaction, the executive vice president now owns 173,302 shares of the company’s stock, valued at $7,758,730.54. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on BKR shares. Benchmark restated a “buy” rating and set a $42.00 price target on shares of Baker Hughes in a research note on Thursday, October 24th. Argus upgraded Baker Hughes from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Susquehanna upped their price objective on Baker Hughes from $46.00 to $48.00 and gave the company a “positive” rating in a research note on Thursday, October 24th. Citigroup upped their price objective on Baker Hughes from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Stifel Nicolaus upped their price objective on Baker Hughes from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $48.06.

About Baker Hughes

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.