Stock Traders Buy High Volume of Call Options on Baker Hughes (BHI)
Baker Hughes (NYSE:BHI) saw unusually large options trading activity on Monday. Traders purchased 35,196 call options on the company, American Banking & Market News reports. This is an increase of approximately 263% compared to the average volume of 9,701 call options.
A number of analysts have recently weighed in on BHI shares. Analysts at Zacks reiterated a “neutral” rating on shares of Baker Hughes in a research note on Tuesday, February 4th. They now have a $59.00 price target on the stock. Separately, analysts at Argus upgraded shares of Baker Hughes from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. They now have a $68.00 price target on the stock. Finally, analysts at Guggenheim downgraded shares of Baker Hughes from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 28th. They now have a $45.00 price target on the stock, down previously from $55.00. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Baker Hughes currently has an average rating of “Buy” and an average target price of $60.85.
Shares of Baker Hughes (NYSE:BHI) opened at 59.68 on Tuesday. Baker Hughes has a 1-year low of $42.60 and a 1-year high of $61.73. The stock has a 50-day moving average of $55.85 and a 200-day moving average of $53.0. The company has a market cap of $26.092 billion and a price-to-earnings ratio of 24.20.
Baker Hughes (NYSE:BHI) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by $0.20. The company had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.95 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts predict that Baker Hughes will post $4.03 earnings per share for the current fiscal year.
Baker Hughes Incorporated (NYSE:BHI) is engaged in the oilfield services industry.
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