Baker Hughes Target of Unusually Large Options Trading (BHI)
Baker Hughes (NYSE:BHI) saw some unusual options trading activity on Monday. Traders bought 6,628 put options on the company, Analyst Ratings Net reports. This represents an increase of 353% compared to the average volume of 1,464 put options.
A number of analysts have recently weighed in on BHI shares. Analysts at Jefferies Group reiterated a “buy” rating on shares of Baker Hughes in a research note to investors on Friday. They now have a $58.00 price target on the stock, up previously from $56.00. Separately, analysts at Susquehanna reiterated a “hold” rating on shares of Baker Hughes in a research note to investors on Wednesday, October 9th. They now have a $50.00 price target on the stock. Finally, analysts at Cowen and Company cut their price target on shares of Baker Hughes from $57.00 to $53.00 in a research note to investors on Wednesday, October 9th. They now have an “outperform” rating on the stock. Fifteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Baker Hughes presently has a consensus rating of “Hold” and a consensus target price of $52.62.
Baker Hughes (NYSE:BHI) traded up 0.38% during mid-day trading on Monday, hitting $50.42. 3,676,894 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 has a 50-day moving average of $48.97 and a 200-day moving average of $47.1. The company has a market cap of $22.338 billion and a price-to-earnings ratio of 22.30.
Baker Hughes (NYSE:BHI) last announced its earnings results on Friday, July 19th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts predict that Baker Hughes will post $2.96 earnings per share for the current fiscal year.
Baker Hughes Incorporated (NYSE:BHI) is engaged in the oilfield services industry.
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