Baker Hughes, a GE company Class A (NASDAQ:BHGE) – Research analysts at Seaport Global Securities lowered their Q4 2017 earnings per share (EPS) estimates for Baker Hughes, a GE company Class A in a research note issued to investors on Monday. Seaport Global Securities analyst S. Randhawa now expects that the company will earn $0.10 per share for the quarter, down from their prior forecast of $0.13. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Baker Hughes, a GE company Class A’s Q1 2018 earnings at $0.14 EPS, Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.29 EPS, FY2018 earnings at $0.89 EPS, Q1 2019 earnings at $0.31 EPS, Q2 2019 earnings at $0.36 EPS, Q3 2019 earnings at $0.42 EPS and FY2019 earnings at $1.56 EPS.

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

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A number of other equities analysts have also recently commented on BHGE. Zacks Investment Research raised Baker Hughes, a GE company Class A from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Monday, July 10th. Cowen and Company reaffirmed a “buy” rating and issued a $55.00 price target on shares of Baker Hughes, a GE company Class A in a research note on Tuesday, July 11th. HSBC Holdings plc initiated coverage on Baker Hughes, a GE company Class A in a research note on Thursday, July 13th. They issued a “buy” rating and a $48.00 price target on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $43.00 price target (down from $65.00) on shares of Baker Hughes, a GE company Class A in a research note on Thursday, July 13th. Finally, FBR & Co assumed coverage on Baker Hughes, a GE company Class A in a research note on Monday, July 17th. They set a “market perform” rating and a $42.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $41.17.

Baker Hughes, a GE company Class A (NASDAQ BHGE) opened at 31.47 on Tuesday. Baker Hughes, a GE company Class A has a 1-year low of $31.40 and a 1-year high of $40.82. The stock has a 50 day moving average price of $35.59 and a 200 day moving average price of $44.88. The firm’s market cap is $13.47 billion.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BHGE. M&R Capital Management Inc. bought a new stake in shares of Baker Hughes, a GE company Class A during the second quarter valued at approximately $141,000. Alpha Windward LLC bought a new stake in shares of Baker Hughes, a GE company Class A during the third quarter valued at approximately $167,000. Fairpointe Capital LLC bought a new stake in shares of Baker Hughes, a GE company Class A during the second quarter valued at approximately $229,000. Eqis Capital Management Inc. bought a new stake in shares of Baker Hughes, a GE company Class A during the third quarter valued at approximately $236,000. Finally, Canal Capital Management LLC bought a new stake in shares of Baker Hughes, a GE company Class A during the third quarter valued at approximately $274,000.

In other news, insider Lorenzo Simonelli purchased 6,100 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average cost of $32.99 per share, for a total transaction 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian Worrell purchased 2,801 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were purchased at an average price of $35.24 per share, for a total transaction 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 have purchased 13,901 shares of company stock worth $476,796 over the last 90 days.

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

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