Jefferies Group Weighs in on Baker Hughes, a GE company Class A’s Q4 2017 Earnings (BHGE)

Baker Hughes, a GE company Class A (NYSE:BHGE) – Investment analysts at Jefferies Group decreased their Q4 2017 EPS estimates for Baker Hughes, a GE company Class A in a report issued on Thursday. Jefferies Group analyst B. Handler now anticipates that the company will post earnings of $0.17 per share for the quarter, down from their previous forecast of $0.18. Jefferies Group has a “Hold” rating and a $35.00 price target on the stock. Jefferies Group also issued estimates for Baker Hughes, a GE company Class A’s Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.43 EPS, FY2018 earnings at $1.10 EPS and FY2019 earnings at $2.05 EPS.

Several other brokerages have also weighed in on BHGE. Cowen set a $50.00 price objective on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Wednesday, October 18th. Morgan Stanley set a $53.00 price objective on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Monday, October 23rd. Barclays set a $41.00 price objective on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Thursday, October 26th. Royal Bank of Canada set a $35.00 price objective on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Thursday, December 21st. Finally, B. Riley restated a “neutral” rating on shares of Baker Hughes, a GE company Class A in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $40.32.

Shares of Baker Hughes, a GE company Class A (NYSE BHGE) traded up $1.10 during midday trading on Friday, reaching $34.63. 6,213,600 shares of the company traded hands, compared to its average volume of 4,940,333. Baker Hughes, a GE company Class A has a fifty-two week low of $29.62 and a fifty-two week high of $65.36. The firm has a market capitalization of $14,360.00 and a price-to-earnings ratio of -5.29. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.90 and a quick ratio of 1.29.

Baker Hughes, a GE company Class A (NYSE:BHGE) last released its quarterly 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). Baker Hughes, a GE company Class A had a negative net margin of 6.66% and a negative return on equity of 0.84%. The company had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.52 billion. Baker Hughes, a GE company Class A’s quarterly revenue was up 77.7% compared to the same quarter last year.

A number of institutional investors have recently added to or reduced their stakes in BHGE. South Dakota Investment Council bought a new position in Baker Hughes, a GE company Class A in the second quarter valued at $4,610,000. Tudor Investment Corp ET AL bought a new position in shares of Baker Hughes, a GE company Class A in the 2nd quarter valued at about $959,000. FTB Advisors Inc. bought a new position in shares of Baker Hughes, a GE company Class A in the 2nd quarter valued at about $442,000. Fairpointe Capital LLC bought a new position in shares of Baker Hughes, a GE company Class A in the 2nd quarter valued at about $229,000. Finally, M&R Capital Management Inc. bought a new position in shares of Baker Hughes, a GE company Class A in the 2nd quarter valued at about $141,000. 89.29% of the stock is owned by institutional investors and hedge funds.

In related news, insider Matthias L. Heilmann acquired 1,500 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were acquired at an average cost of $30.04 per share, for a total transaction of $45,060.00. Following the completion of the acquisition, the insider now directly owns 3,500 shares in the company, valued at approximately $105,140. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.66% of the company’s stock.

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Baker Hughes, a GE company Class A Company Profile

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

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