Baker Hughes, a GE company Class A (NASDAQ:BHGE) – Stock analysts at Capital One Financial Corporation dropped their Q3 2017 earnings estimates for shares of Baker Hughes, a GE company Class A in a note issued to investors on Friday. Capital One Financial Corporation analyst L. Lemoine now anticipates that the company will post earnings of $0.12 per share for the quarter, down from their prior forecast of $0.14. Capital One Financial Corporation also issued estimates for Baker Hughes, a GE company Class A’s Q4 2017 earnings at $0.17 EPS, FY2017 earnings at $0.27 EPS, Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.41 EPS, FY2018 earnings at $1.40 EPS and FY2019 earnings at $2.05 EPS.

Other analysts also recently issued reports about the stock. Argus started coverage on shares of Baker Hughes, a GE company Class A in a report on Sunday, August 27th. They issued a “buy” rating for the company. HSBC Holdings plc started coverage on shares of Baker Hughes, a GE company Class A in a report on Thursday, July 13th. They issued a “buy” rating and a $48.00 price target for the company. Cowen and Company reissued a “buy” rating and issued a $55.00 price target on shares of Baker Hughes, a GE company Class A in a report on Tuesday, July 11th. Zacks Investment Research raised shares of Baker Hughes, a GE company Class A from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Monday, July 10th. Finally, Royal Bank Of Canada set a $55.00 price target on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Saturday, August 12th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.82.

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Shares of Baker Hughes, a GE company Class A (BHGE) opened at 33.26 on Monday. Baker Hughes, a GE company Class A has a 52-week low of $31.44 and a 52-week high of $40.82. The stock has a 50 day moving average of $35.67 and a 200 day moving average of $45.31. The company’s market cap is $14.24 billion.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last released its earnings results on Friday, October 20th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.07). The firm had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.52 billion. The firm’s quarterly revenue was up 77.7% on a year-over-year basis.

Several hedge funds have recently made changes to their positions in the company. APG Asset Management N.V. acquired a new position in shares of Baker Hughes, a GE company Class A in the 3rd quarter valued at $24,992,000. Edge Wealth Management LLC acquired a new position in shares of Baker Hughes, a GE company Class A in the 3rd quarter valued at $378,000. LS Investment Advisors LLC acquired a new position in shares of Baker Hughes, a GE company Class A in the 3rd quarter valued at $710,000. State Treasurer State of Michigan acquired a new position in shares of Baker Hughes, a GE company Class A in the 3rd quarter valued at $4,757,000. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of Baker Hughes, a GE company Class A in the 3rd quarter valued at $2,001,000.

In other Baker Hughes, a GE company Class A news, insider Lorenzo Simonelli acquired 6,100 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was bought at an average price of $32.99 per share, for a total transaction of $201,239.00. Following the purchase, the insider now owns 9,139 shares in the company, valued at approximately $301,495.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian Worrell acquired 2,801 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was acquired at an average price of $35.24 per share, with a total value of $98,707.24. Following the purchase, the chief financial officer now owns 2,801 shares in the company, valued at approximately $98,707.24. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 13,901 shares of company stock valued at $476,796.

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

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