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Baker Hughes (NYSE:BHI) Director James W. Stewart unloaded 35,000 shares of Baker Hughes stock on the open market in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $69.26, for a total value of $2,424,100.00. Following the sale, the director now directly owns 261,817 shares of the company’s stock, valued at approximately $18,133,445. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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 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’s stock. The company presently has a consensus rating of “Buy” and an average price target of $80.77.

Shares of Baker Hughes (NYSE:BHI) traded down 1.72% on Thursday, hitting $67.82. The stock had a trading volume of 3,524,171 shares. Baker Hughes has a 52-week low of $48.31 and a 52-week high of $75.64. The stock has a 50-day moving average of $69.86 and a 200-day moving average of $68.48. The company has a market cap of $29.505 billion and a price-to-earnings ratio of 23.97.

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. On average, analysts predict that Baker Hughes will post $4.20 earnings per share for the current fiscal year.

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

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