Positive Press Coverage Extremely Likely to Affect Baker Hughes (BHI) Share Price

News coverage about Baker Hughes (NYSE:BHI) has trended positive this week, AlphaOne Sentiment reports. The research group, a service of Accern, scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Baker Hughes earned a coverage optimism score of 0.25 on AlphaOne’s scale. AlphaOne also gave news articles about the oilfield services provider an impact score of 94 out of 100, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have impacted Alpha One’s scoring:

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Baker Hughes from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Wednesday, March 29th. Jefferies Group LLC lowered their price target on Baker Hughes from $72.00 to $67.00 and set a “hold” rating for the company in a research report on Friday, April 28th. Citigroup Inc restated a “buy” rating and set a $70.00 price target (down from $75.00) on shares of Baker Hughes in a research report on Saturday, March 11th. Scotiabank set a $69.00 price target on Baker Hughes and gave the stock a “hold” rating in a research report on Wednesday, March 22nd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $69.00 target price on shares of Baker Hughes in a report on Thursday, April 13th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $62.02.

Shares of Baker Hughes (BHI) traded up 2.19% during midday trading on Friday, reaching $55.53. The company’s stock had a trading volume of 3,154,746 shares. Baker Hughes has a 1-year low of $41.74 and a 1-year high of $68.59. The company’s market capitalization is $23.63 billion. The stock has a 50 day moving average of $57.46 and a 200-day moving average of $60.71.

Baker Hughes (NYSE:BHI) last announced its quarterly earnings results on Tuesday, April 25th. The oilfield services provider reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.17. Baker Hughes had a negative net margin of 27.82% and a negative return on equity of 5.64%. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the business earned ($1.58) earnings per share. Baker Hughes’s revenue was down 15.3% compared to the same quarter last year. On average, equities research analysts anticipate that Baker Hughes will post $0.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Monday, May 8th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $0.68 annualized dividend and a dividend yield of 1.22%. Baker Hughes’s payout ratio is currently -10.83%.

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Baker Hughes Company Profile

Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems used in the oil and natural gas industry around the world. The Company also provides products and services for other businesses, including downstream chemicals, and process and pipeline services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BHI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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