Baker Hughes (BHI) Releases Quarterly Earnings Results, Misses Expectations By $0.20 EPS
Baker Hughes (NYSE:BHI) announced its earnings results on Tuesday. The company reported $0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.82 by $0.20, Analyst Ratings Network reports. The company had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.80 billion.
Shares of Baker Hughes (NYSE:BHI) opened at 54.14 on Tuesday. Baker Hughes has a 1-year low of $42.60 and a 1-year high of $58.83. The stock’s 50-day moving average is $53.78 and its 200-day moving average is $51.67. The company has a market cap of $23.996 billion and a P/E ratio of 22.47.
BHI has been the subject of a number of recent research reports. Analysts at Socgen reiterated a “buy” rating on shares of Baker Hughes in a research note to investors on Thursday, January 16th. They now have a $61.00 price target on the stock, down previously from $65.00. On the ratings front, analysts at Jefferies Group cut their price target on shares of Baker Hughes to $60.00 in a research note to investors on Wednesday, January 15th. Finally, analysts at Credit Suisse cut their price target on shares of Baker Hughes from $64.00 to $62.00 in a research note to investors on Tuesday, January 14th. Fifteen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Baker Hughes has a consensus rating of “Hold” and an average price target of $60.74.
Baker Hughes Incorporated (NYSE:BHI) is engaged in the oilfield services industry.
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