Baker Hughes (NYSE:BHI) Earns Coverage Optimism Score of 0.26

News coverage about Baker Hughes (NYSE:BHI) has been trending positive this week, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Baker Hughes earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned news articles about the oilfield services provider an impact score of 62 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

Shares of Baker Hughes (NYSE BHI) opened at 57.68 on Monday. Baker Hughes has a 12-month low of $43.09 and a 12-month high of $68.59. The firm’s market cap is $24.54 billion. The company has a 50 day moving average of $55.90 and a 200-day moving average of $59.83.

Baker Hughes (NYSE:BHI) last posted its quarterly earnings results on Tuesday, April 25th. The oilfield services provider reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.17. Baker Hughes had a negative net margin of 19.99% and a negative return on equity of 4.55%. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the company earned ($1.58) earnings per share. The business’s revenue was down 15.3% compared to the same quarter last year. Equities research analysts forecast that Baker Hughes will post $0.01 EPS for the current fiscal year.

Several equities analysts recently commented on BHI shares. HSBC Holdings plc reaffirmed a “hold” rating and set a $58.00 price target (down previously from $60.00) on shares of Baker Hughes in a research report on Thursday, June 22nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $72.00 price target on shares of Baker Hughes in a research report on Friday, May 26th. ValuEngine raised shares of Baker Hughes from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Tudor Pickering lowered shares of Baker Hughes from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Finally, Evercore ISI set a $72.00 price target on shares of Baker Hughes and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Two analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $61.90.

TRADEMARK VIOLATION WARNING: This piece was published by WKRB News and is the sole property of of WKRB News. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.wkrb13.com/markets/2285196/baker-hughes-nysebhi-earns-coverage-optimism-score-of-0-26.html.

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.

Insider Buying and Selling by Quarter for Baker Hughes (NYSE:BHI)

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2285196/baker-hughes-nysebhi-earns-coverage-optimism-score-of-0-26.html

Receive News & Ratings for Baker Hughes Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.