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Baker Hughes (NYSE:BHI) CFO Peter A. Ragauss unloaded 12,931 shares of the stock on the open market in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $68.82, for a total transaction of $889,911.42. Following the sale, the chief financial officer now directly owns 37,652 shares in the company, valued at approximately $2,591,211. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Baker Hughes (NYSE:BHI) traded up 1.01% on Wednesday, hitting $69.01. The stock had a trading volume of 4,182,601 shares. Baker Hughes has a 1-year low of $47.83 and a 1-year high of $75.64. The stock has a 50-day moving average of $70.05 and a 200-day moving average of $68.49. The company has a market cap of $30.022 billion and a price-to-earnings ratio of 23.73.

Baker Hughes (NYSE:BHI) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.92 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue 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 research firms have recently commented on BHI. 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 given a strong buy rating to the company’s stock. Baker Hughes currently has a consensus rating of “Buy” and a consensus price target of $80.77.

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

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