Baker Hughes, a GE company Class A (NASDAQ:BHGE) – Research analysts at Seaport Global Securities lowered their Q3 2018 earnings per share estimates for shares of Baker Hughes, a GE company Class A in a research note issued to investors on Thursday. Seaport Global Securities analyst S. Randhawa now anticipates that the company will earn $0.28 per share for the quarter, down from their previous estimate of $0.36. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Baker Hughes, a GE company Class A’s Q4 2018 earnings at $0.35 EPS, Q1 2019 earnings at $0.37 EPS, Q2 2019 earnings at $0.40 EPS and Q3 2019 earnings at $0.43 EPS.

A number of other research firms have also weighed in on BHGE. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $37.00 price target on shares of Baker Hughes, a GE company Class A in a research report on Tuesday, July 18th. J P Morgan Chase & Co decreased their price objective on Baker Hughes, a GE company Class A from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, September 21st. HSBC Holdings plc initiated coverage on Baker Hughes, a GE company Class A in a research report on Thursday, July 13th. They set a “buy” rating and a $48.00 price objective for the company. FBR & Co initiated coverage on Baker Hughes, a GE company Class A in a research report on Monday, July 17th. They set a “market perform” rating and a $42.00 price objective for the company. Finally, Morgan Stanley restated an “overweight” rating and set a $60.00 price objective on shares of Baker Hughes, a GE company Class A in a research report on Monday, July 17th. 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. Baker Hughes, a GE company Class A has a consensus 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) traded up 0.08% on Friday, reaching $36.51. 635,220 shares of the company traded hands. The company’s market capitalization is $15.63 billion. The firm has a 50-day moving average of $35.31 and a 200-day moving average of $47.30. Baker Hughes, a GE company Class A has a 52-week low of $32.43 and a 52-week high of $68.59.

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

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cacti Asset Management LLC acquired a new stake in Baker Hughes, a GE company Class A in the 3rd quarter valued at approximately $12,142,000. South Dakota Investment Council acquired a new stake in Baker Hughes, a GE company Class A in the 2nd quarter valued at approximately $4,610,000. Park National Corp OH acquired a new stake in Baker Hughes, a GE company Class A in the 3rd quarter valued at approximately $1,601,000. New Mexico Educational Retirement Board acquired a new stake in Baker Hughes, a GE company Class A in the 2nd quarter valued at approximately $1,461,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Baker Hughes, a GE company Class A in the 2nd quarter valued at approximately $959,000.

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

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