Baker Hughes Sees Unusually Large Options Volume (BHI)
Baker Hughes (NYSE:BHI) saw unusually large options trading on Friday. Traders bought 21,823 call options on the company, Analyst Ratings Network reports. This is an increase of 445% compared to the average volume of 4,001 call options.
A number of analysts have recently weighed in on BHI shares. Analysts at Cleveland Research initiated coverage on shares of Baker Hughes (NYSE:BHI) in a research note to investors on Tuesday. They set a “neutral” rating on the stock. Separately, analysts at Susquehanna reiterated a “hold” rating on shares of Baker Hughes (NYSE:BHI) in a research note to investors on Monday, September 16th. They now have a $50.00 price target on the stock. Finally, analysts at Howard Weil raised their price target on shares of Baker Hughes (NYSE:BHI) from $51.00 to $55.00 in a research note to investors on Monday, September 16th. They now have a “sector perform” rating on the stock. Fifteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $52.71.
Shares of Baker Hughes (NYSE:BHI) traded up 1.35% on Friday, hitting $49.45. 4,384,124 shares of the company’s stock traded hands. Baker Hughes has a 1-year low of $39.44 and a 1-year high of $50.88. The stock’s 50-day moving average is $48.54 and its 200-day moving average is $46.94. The company has a market cap of $21.908 billion and a P/E ratio of 21.67.
Baker Hughes (NYSE:BHI) last released its earnings data on Friday, July 19th. The company reported $0.54 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.65 by $0.11. The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter last year, the company posted $1.00 earnings per share. Baker Hughes’s revenue was up 3.0% compared to the same quarter last year. On average, analysts predict that Baker Hughes will post $2.98 earnings per share for the current fiscal year.
Baker Hughes Incorporated (NYSE:BHI) is engaged in the oilfield services industry.
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