Baker Hughes VP Khalid M. Nouh Unloads 3,250 Shares (BHI)
Baker Hughes (NYSE:BHI) VP Khalid M. Nouh sold 3,250 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $69.99, for a total transaction of $227,467.50. Following the transaction, the vice president now directly owns 4,872 shares of the company’s stock, valued at approximately $340,991. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Baker Hughes (NYSE:BHI) traded down 0.36% during mid-day trading on Thursday, hitting $69.20. 1,467,418 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’s 50-day moving average is $70.71 and its 200-day moving average is $68.16. The company has a market cap of $30.105 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 (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts expect that Baker Hughes will post $4.20 EPS for the current fiscal year.
A number of analysts have recently weighed in on BHI shares. 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 assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $80.77.
Baker Hughes Incorporated (NYSE:BHI) is engaged in the oilfield services industry.
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