Baker Hughes, a GE company Class A (NASDAQ:BHGE) – Stock analysts at Capital One Financial Corporation cut their FY2017 earnings per share (EPS) estimates for shares of Baker Hughes, a GE company Class A in a report released on Wednesday. Capital One Financial Corporation analyst L. Lemoine now expects that the company will post earnings per share of $0.32 for the year, down from their prior forecast of $0.58.

Other analysts have also issued reports about the stock. FBR & Co initiated coverage on shares of Baker Hughes, a GE company Class A in a report on Monday, July 17th. They set a “market perform” rating and a $42.00 price target on the stock. UBS AG lowered shares of Baker Hughes, a GE company Class A from a “positive” rating to a “neutral” rating in a report on Monday. Jefferies Group LLC restated a “hold” rating and set a $40.00 price target (down previously from $67.00) on shares of Baker Hughes, a GE company Class A in a report on Wednesday, August 9th. Seaport Global Securities restated a “neutral” rating on shares of Baker Hughes, a GE company Class A in a report on Thursday, July 20th. Finally, Argus initiated coverage on shares of Baker Hughes, a GE company Class A in a report on Monday, August 21st. They set a “buy” rating and a $43.00 price target on the stock. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $43.36.

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Shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) opened at 36.48 on Friday. The company’s market capitalization is $15.61 billion. The stock has a 50 day moving average price of $35.31 and a 200 day moving average price of $47.30. Baker Hughes, a GE company Class A has a 1-year low of $32.43 and a 1-year high of $68.59.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last released its quarterly earnings data on Friday, July 28th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.27). The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.35 billion. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the business posted ($0.90) earnings per share.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. M&R Capital Management Inc. bought a new stake in shares of Baker Hughes, a GE company Class A during the 2nd quarter worth $141,000. Fairpointe Capital LLC bought a new stake in Baker Hughes, a GE company Class A in the 2nd quarter valued at $229,000. Eqis Capital Management Inc. bought a new stake in Baker Hughes, a GE company Class A in the 3rd quarter valued at $236,000. Indiana Trust & Investment Management CO bought a new stake in Baker Hughes, a GE company Class A in the 3rd quarter valued at $375,000. Finally, FTB Advisors Inc. bought a new stake in Baker Hughes, a GE company Class A in the 2nd quarter valued at $442,000.

In other Baker Hughes, a GE company Class A news, insider Lorenzo Simonelli bought 6,100 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was bought at an average cost of $32.99 per share, with a total value of $201,239.00. Following the completion of the transaction, the insider now directly owns 9,139 shares of the company’s stock, valued at approximately $301,495.61. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Brian Worrell bought 2,801 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was acquired at an average cost of $35.24 per share, with a total value of $98,707.24. Following the completion of the transaction, the chief financial officer now directly owns 2,801 shares of the company’s stock, valued at $98,707.24. The disclosure for this purchase can be found here. Insiders acquired 13,901 shares of company stock valued at $476,796 over the last three months.

Earnings History and Estimates for Baker Hughes, a GE company Class A (NASDAQ:BHGE)

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