Baker Hughes Sees Unusually High Options Volume (BHI)
Baker Hughes (NYSE:BHI) was the recipient of some unusual options trading on Thursday. Stock traders purchased 4,804 put options on the company, StockRatingsNetwork.com reports. This represents an increase of approximately 231% compared to the average volume of 1,450 put options.
In other Baker Hughes news, VP Khalid M. Nouh unloaded 3,250 shares of the stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $69.99, for a total value of $227,467.50. The transaction was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Baker Hughes from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $86.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Baker Hughes from $80.00 to $84.00 in a research note on Thursday, July 24th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Baker Hughes in a research note on Monday, July 21st. They now have a $77.00 price target on the stock, up previously from $74.00. Ten equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Baker Hughes presently has an average rating of “Buy” and a consensus target price of $80.77.
Baker Hughes (NYSE:BHI) traded down 0.35% on Thursday, hitting $69.21. 2,293,430 shares of the company’s stock traded hands. Baker Hughes has a 52-week low of $46.33 and a 52-week high of $75.64. The stock has a 50-day moving average of $70.71 and a 200-day moving average of $68.16. The company has a market cap of $30.109 billion and a price-to-earnings ratio of 24.12.
Baker Hughes (NYSE:BHI) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.90 by $0.02. The company had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.86 billion. During the same quarter last year, the company posted $0.61 earnings per share. Baker Hughes’s revenue was up 8.2% compared to the same quarter last year. Analysts expect that Baker Hughes will post $4.20 EPS for the current fiscal year.
Baker Hughes Incorporated (NYSE:BHI) is engaged in the oilfield services industry.
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