Headlines about Baker Hughes (NYSE:BHI) have trended somewhat positive this week, Alpha One Sentiment Analysis reports. The research firm, a subsidiary of Accern, rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Baker Hughes earned a media sentiment score of 0.03 on Alpha One’s scale. Alpha One also gave press coverage about the oilfield services provider an impact score of 83 out of 100, indicating that recent media coverage is very likely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Alpha One Sentiment’s analysis:
- Progressing Cavity Pumps Market Report 2017 : Schlumberger Limited, Weatherford International plc, Baker Hughes Incorporated, Borets (medgadget.com)
- How the US Rig Count Could Affect Weatherford in 1Q17 (finance.yahoo.com)
- Baker Hughes, Inc. – Value Analysis (NYSE:BHI) : April 19, 2017 (finance.yahoo.com)
- Dow's General Electric, Honeywell Earnings: Is There a Trump Boost? (finance.yahoo.com)
- Baker Hughes, Inc. breached its 50 day moving average in a Bullish Manner : BHI-US : April 19, 2017 (finance.yahoo.com)
Baker Hughes (NYSE:BHI) traded up 0.05% during trading on Thursday, hitting $59.50. The stock had a trading volume of 2,231,268 shares. The company’s market capitalization is $25.31 billion. The stock has a 50 day moving average price of $59.45 and a 200 day moving average price of $60.13. Baker Hughes has a 12-month low of $41.74 and a 12-month high of $68.59.
Baker Hughes (NYSE:BHI) last announced its earnings results on Thursday, January 26th. The oilfield services provider reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.19. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. Baker Hughes had a negative return on equity of 5.64% and a negative net margin of 27.82%. The firm’s revenue for the quarter was down 29.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.21) earnings per share. Equities research analysts forecast that Baker Hughes will post $0.25 earnings per share for the current year.
A number of brokerages recently issued reports on BHI. HSBC Holdings plc began coverage on Baker Hughes in a report on Wednesday. They issued a “hold” rating and a $62.00 target price on the stock. Zacks Investment Research cut Baker Hughes from a “buy” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets restated a “buy” rating and issued a $69.00 target price on shares of Baker Hughes in a report on Thursday, April 13th. Jefferies Group LLC restated a “hold” rating and issued a $72.00 target price on shares of Baker Hughes in a report on Tuesday, April 4th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $80.00 target price on shares of Baker Hughes in a report on Monday, April 3rd. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Baker Hughes currently has an average rating of “Hold” and a consensus price target of $60.71.
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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.
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