Baker Hughes A GE (NYSE:BHGE) issued its earnings results on Tuesday. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02), RTT News reports. The business had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.88 billion. Baker Hughes A GE had a negative net margin of 0.37% and a positive return on equity of 0.43%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 EPS.
Shares of BHGE opened at $26.59 on Tuesday. Baker Hughes A GE has a 52 week low of $25.53 and a 52 week high of $37.76. The firm has a market capitalization of $11.26 billion, a PE ratio of 51.13, a PEG ratio of 4.82 and a beta of 0.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.36.
A number of brokerages have weighed in on BHGE. Zacks Investment Research downgraded Baker Hughes A GE from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Barclays reaffirmed a “buy” rating and issued a $37.00 target price on shares of Baker Hughes A GE in a report on Thursday, July 26th. Cowen reduced their target price on Baker Hughes A GE from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, July 6th. ValuEngine raised Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, SunTrust Banks raised Baker Hughes A GE from a “hold” rating to a “buy” rating and raised their target price for the company from $34.00 to $39.00 in a report on Tuesday, July 24th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $37.28.
Baker Hughes A GE Company Profile
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 for onshore and offshore operations.
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