For the Current Quarter, the growth estimate for Baker Hughes Incorporated is 47.6%, while for the Next Quarter the stock growth estimate is 88.9%.
Other Asset Management firms and mutual funds Sell and Buy Stocks to adjust their portfolio based on the Investoment strategies.Asset Management firm, Strs Ohio reduced its stake in BHI by selling 262,834 shares or 12.22% in the most recent quarter. However, the company quickly recovered, primarily on the back of the Organization of Petroleum Exporting Countries' (OPEC) decision to cut its cumulative oil output by 1.2 million barrels per day (Mbpd).
In terms of earnings per share, 30 analysts have a -0.05 EPS mean target for the quarter ending Mar-17, for the quarter ending Jun-17, 29 analysts have a 0.06 EPS mean target and for the quarter ending Jun-17 there are 37 estimates of 0.46 EPS. The average broker rating assists investors by providing them with a general feel for analyst sentiment on company shares. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The Hedge Fund company now holds 36,683 shares of BHI which is valued at $2,234,728.
In an overview of the current analyst recommendations, Buy count is 18 and Overweight is 3 while the number of analysts recommending Sell and Underweight are 0 and 1, respectively. The company's previous year sales total was 3.39 Billion.
Baker Hughes Incorporated (NYSE:BHI) posted its quarterly earnings data on Thursday. Abner Herrman Brock added BHI to its portfolio by purchasing 10,220 company shares during the most recent quarter which is valued at $653,671.
31 analysts projected Price Targets for Baker Hughes Incorporated. Personal Capital Advisors Corp increased its position in shares of Baker Hughes by 9.6% in the second quarter.
While taking a glance at financials, we can look at a number of key indicators about Baker Hughes Incorporated's (BHI) .
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Baker Hughes Incorporated is engaged in the oilfield services industry.
01/04/2017 - Baker Hughes Incorporated was downgraded to "neutral" by analysts at Credit Suisse.
On the company's financial health, Baker Hughes Incorporated reported $-0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.29 according to the earnings call on Oct 25, 2016.
During this fiscal period, Street analysts are projecting $-0.12 earnings/share.
North America revenue of $775 million for the quarter increased 15% sequentially, driven by improved activity in the US onshore business, seasonal improvements in Canada, and completions project deliveries in the Gulf of Mexico.
On January 20, 2017 Schlumberger Limited (SLB) reported results for full-year 2016 and the fourth quarter of 2016.
Several company insiders have filed Insider transactions, on Nov 16, 2016, Gregory D Brenneman (director) purchased 85,000 shares at $58.84 per share price. Post opening the session at $61.4, the shares hit an intraday low of $60.26 and an intraday high of $61.6335 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.