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Baker Hughes (NYSE:BHI) was upgraded by research analysts at Guggenheim from a “sell” rating to a “neutral” rating in a report released on Wednesday, TheFlyOnTheWall.com reports.

In other Baker Hughes news, SVP Alan R. Crain, Jr. sold 16,796 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $73.69, for a total value of $1,237,697.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of other analysts have also recently weighed in on BHI. Analysts at Susquehanna upgraded shares of Baker Hughes from a “neutral” rating to a “positive” rating in a research note on Wednesday. They now have a $90.00 price target on the stock, up previously from $77.00. Separately, analysts at Drexel Hamilton initiated coverage on shares of Baker Hughes in a research note on Friday, June 20th. They set a “buy” rating and a $90.00 price target on the stock. Finally, analysts at Global Hunter Securities upgraded shares of Baker Hughes from a “neutral” rating to a “buy” rating in a research note on Friday, May 16th. They now have a $80.00 price target on the stock, up previously from $60.00. Twelve research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $77.57.

Baker Hughes (NYSE:BHI) opened at 74.53 on Wednesday. Baker Hughes has a 52 week low of $46.09 and a 52 week high of $75.16. The stock’s 50-day moving average is $71.24 and its 200-day moving average is $63.69. The company has a market cap of $32.493 billion and a price-to-earnings ratio of 28.54.

Baker Hughes (NYSE:BHI) last issued its quarterly earnings data on Thursday, April 17th. The company reported $0.84 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.78 by $0.06. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts expect that Baker Hughes will post $4.15 EPS for the current fiscal year.

Baker Hughes Incorporated (NYSE:BHI) is engaged in the oilfield services industry.

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