Baker Hughes A GE (BHGE) Reaches New 52-Week Low at $21.05

Baker Hughes A GE Co (NYSE:BHGE) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $21.05 and last traded at $21.26, with a volume of 271087 shares. The stock had previously closed at $22.14.

Several research firms have commented on BHGE. Bank of America reissued a “buy” rating and set a $27.00 price target (down from $37.00) on shares of Baker Hughes A GE in a research note on Monday, December 3rd. Barclays reissued a “buy” rating and set a $35.00 price target on shares of Baker Hughes A GE in a research note on Thursday, October 11th. Stifel Nicolaus began coverage on shares of Baker Hughes A GE in a research note on Monday, September 10th. They set a “buy” rating and a $40.00 price target on the stock. Credit Suisse Group decreased their price target on shares of Baker Hughes A GE from $36.00 to $33.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 31st. Finally, B. Riley set a $42.00 price target on shares of Baker Hughes A GE and gave the stock a “buy” rating in a research note on Sunday, October 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $36.36.

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.35 and a current ratio of 1.91. The company has a market capitalization of $8.85 billion, a P/E ratio of 41.65, a price-to-earnings-growth ratio of 4.18 and a beta of 0.82.

Baker Hughes A GE (NYSE:BHGE) last issued its earnings results on Tuesday, October 30th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). Baker Hughes A GE had a return on equity of 0.59% and a net margin of 0.16%. The firm had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.88 billion. During the same period in the previous year, the firm earned $0.05 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that Baker Hughes A GE Co will post 0.64 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend was Thursday, November 15th. Baker Hughes A GE’s payout ratio is 138.46%.

In related news, Director Electric Co General sold 101,200,000 shares of Baker Hughes A GE stock in a transaction on Monday, November 19th. The shares were sold at an average price of $22.47, for a total value of $2,273,964,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. Schroder Investment Management Group purchased a new position in Baker Hughes A GE during the 2nd quarter valued at $125,000. Gofen & Glossberg LLC IL purchased a new position in Baker Hughes A GE during the 3rd quarter valued at $203,000. First Republic Investment Management Inc. purchased a new position in Baker Hughes A GE during the 3rd quarter valued at $208,000. Putnam Investments LLC purchased a new position in Baker Hughes A GE during the 3rd quarter valued at $212,000. Finally, XR Securities LLC purchased a new position in Baker Hughes A GE during the 3rd quarter valued at $212,000. 96.06% of the stock is currently owned by institutional investors and hedge funds.

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Baker Hughes A GE Company Profile (NYSE:BHGE)

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies.

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