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Baker Hughes (NYSE:BHI) saw some unusual options trading on Thursday. Traders bought 7,721 call options on the stock, Analyst Ratings.Net reports. This is an increase of approximately 278% compared to the typical daily volume of 2,044 call options.

In other Baker Hughes news, VP Khalid M. Nouh sold 3,250 shares of Baker Hughes stock on the open market in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $69.99, for a total value of $227,467.50. The sale was disclosed in a document filed with the SEC, which is available at this link.

BHI has been the subject of a number of recent research reports. 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 analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $80.77.

Baker Hughes (NYSE:BHI) traded down 0.35% on Thursday, hitting $69.21. The stock had a trading volume of 2,293,430 shares. Baker Hughes has a one year low of $46.33 and a one year 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 $30.109 billion and a P/E 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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