Baker Hughes says Q3 orders rise, warns of challenging market

Baker Hughes says Q3 orders rise, warns of challenging market

Andrew Cummings
October 21, 2017

BMO Capital Markets reissued a hold rating and set a $43.00 price target (down from $65.00) on shares of Baker Hughes, a GE company Class A in a research note on Thursday, July 13th.

Shares of Baker Hughes (NYSE:BHI) opened at 60.38 on Tuesday. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company's stock. Baker Hughes, A GE Company shares are now trading down about 1.8% on the day. The company has a 50-day moving average of $35.67 and a 200-day moving average of $45.31. Baker Hughes has a 52-week low of $37.58 and a 52-week high of $62.16. Additionally the company recently announced a dividend for shareholders paid on Friday the 25th of August 2017.

Looking forward, for the quarter ending Dec-17, 19 analysts have a mean sales target of 5,755.41 million. The company's revenue for the quarter was up 77.7% compared to the same quarter previous year.

Investors are more bullish on shares of Baker Hughes, a GE company Clas as indicated by the motion in short interest.

WARNING: This piece was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another domain, it was copied illegally and reposted in violation of USA & global copyright & trademark legislation. The legal version of this piece can be viewed at Accern also gave media headlines about the oilfield services provider an impact score of 46.0753988218535 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days. Also, insider Lorenzo Simonelli acquired 6,100 shares of the stock in a transaction dated Friday, August 18th. The disclosure for this purchase can be found here. BHGE has diverse figures for different time frames; starting from week's performance plunged -2.27% in last five regular trading sessions. Panagora Asset Management Inc. now owns 523,960 shares of the oilfield services provider's stock valued at $26,444,000 after buying an additional 274,018 shares in the last quarter. Baker Hughes, a GE company operates as a subsidiary of General Electric Company. Panagora Asset Management Inc. raised its stake in Baker Hughes by 109.6% in the third quarter.

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