Baker Hughes, a GE company (NYSE:BHGE) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 23,074,471 shares, an increase of 19.2% from the February 28th total of 19,352,415 shares. Based on an average trading volume of 5,611,175 shares, the days-to-cover ratio is currently 4.1 days. Currently, 5.5% of the company’s shares are short sold.
A number of brokerages recently commented on BHGE. Zacks Investment Research downgraded Baker Hughes, a GE from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Bank of America decreased their target price on Baker Hughes, a GE from $36.00 to $35.00 and set an “underperform” rating for the company in a report on Thursday, January 25th. B. Riley restated a “hold” rating and set a $36.00 target price on shares of Baker Hughes, a GE in a report on Monday, January 29th. Morgan Stanley decreased their target price on Baker Hughes, a GE from $48.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. Finally, Goldman Sachs upgraded Baker Hughes, a GE from a “sell” rating to a “neutral” rating and set a $33.50 target price for the company in a report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company’s stock. Baker Hughes, a GE has an average rating of “Hold” and an average target price of $37.74.
In related news, insider William D. Marsh sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $35.00, for a total transaction of $175,000.00. Following the completion of the transaction, the insider now owns 25,190 shares in the company, valued at $881,650. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.66% of the stock is owned by corporate insiders.
NYSE:BHGE opened at $27.77 on Friday. The company has a quick ratio of 1.56, a current ratio of 2.08 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $11,735.10, a price-to-earnings ratio of 53.40, a PEG ratio of 5.00 and a beta of 0.83. Baker Hughes, a GE has a 12-month low of $25.53 and a 12-month high of $43.27.
Baker Hughes, a GE (NYSE:BHGE) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.60 billion. Baker Hughes, a GE had a positive return on equity of 0.10% and a negative net margin of 2.79%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. equities analysts predict that Baker Hughes, a GE will post 0.79 earnings per share for the current year.
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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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