Baker Hughes (NYSE:BKR) Director William G. Beattie Sells 5,507 Shares

Baker Hughes (NYSE:BKRGet Rating) Director William G. Beattie sold 5,507 shares of the business’s stock in a transaction dated Thursday, April 7th. The shares were sold at an average price of $35.69, for a total value of $196,544.83. Following the completion of the transaction, the director now directly owns 12,743 shares of the company’s stock, valued at $454,797.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Baker Hughes stock traded down $1.46 during midday trading on Monday, reaching $30.74. The stock had a trading volume of 16,697,023 shares, compared to its average volume of 11,495,661. Baker Hughes has a 12 month low of $19.23 and a 12 month high of $39.78. The company has a market capitalization of $31.58 billion, a P/E ratio of 49.86 and a beta of 1.52. The company has a fifty day moving average price of $34.30 and a two-hundred day moving average price of $28.55. The company has a current ratio of 1.61, a quick ratio of 1.21 and a debt-to-equity ratio of 0.40.

Baker Hughes (NYSE:BKRGet Rating) last released its quarterly earnings results on Wednesday, April 20th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.05). The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $5.01 billion. Baker Hughes had a net margin of 1.49% and a return on equity of 3.51%. Baker Hughes’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. On average, equities research analysts predict that Baker Hughes will post 1.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 18th. Shareholders of record on Monday, February 7th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, February 4th. This represents a $0.72 dividend on an annualized basis and a yield of 2.34%. Baker Hughes’s dividend payout ratio (DPR) is currently 218.19%.

Several research firms have issued reports on BKR. Cowen upped their price objective on Baker Hughes from $33.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, January 21st. The Goldman Sachs Group lowered Baker Hughes from a “conviction-buy” rating to a “buy” rating and set a $41.00 target price on the stock. in a research note on Tuesday, March 22nd. Royal Bank of Canada lowered their target price on Baker Hughes from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Thursday. Wells Fargo & Company upgraded Baker Hughes from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $28.00 to $43.00 in a research note on Thursday, March 31st. Finally, Stephens raised their price objective on Baker Hughes from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, January 21st. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $35.74.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Duncker Streett & Co. Inc. bought a new stake in shares of Baker Hughes in the 3rd quarter worth approximately $25,000. Benjamin Edwards Inc. raised its position in shares of Baker Hughes by 180.7% in the fourth quarter. Benjamin Edwards Inc. now owns 1,075 shares of the company’s stock worth $26,000 after buying an additional 692 shares in the last quarter. Riverview Trust Co bought a new stake in Baker Hughes during the first quarter valued at $27,000. Allworth Financial LP boosted its stake in Baker Hughes by 108.8% during the fourth quarter. Allworth Financial LP now owns 1,209 shares of the company’s stock valued at $29,000 after buying an additional 630 shares during the period. Finally, NEXT Financial Group Inc boosted its stake in Baker Hughes by 147.3% during the fourth quarter. NEXT Financial Group Inc now owns 1,182 shares of the company’s stock valued at $29,000 after buying an additional 704 shares during the period. Hedge funds and other institutional investors own 87.64% of the company’s stock.

About Baker Hughes (Get Rating)

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. It operates through four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS). The OFS segment offers exploration, drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, wireline services, downhole completion tools and systems, wellbore intervention tools and services, pressure pumping systems, oilfield and industrial chemicals, and artificial lift technologies for oil and natural gas, and oilfield service companies.

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