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:
- Oil prices extend losses as Baker Hughes reports rise in US oil-rig count – MarketWatch (marketwatch.com)
- Levy Harkins & Co Inc Buys Baker Hughes Inc, Sells Baker Hughes, a GE Co (finance.yahoo.com)
- The Laffer Investments Maintains Stake in Baker Hughes Incorporated (BHI) (nolopodrasdejardever.com)
- Oil prices extend losses as Baker Hughes reports rise in U.S. oil-rig count (finance.yahoo.com)
- Baker Hughes Rig Count Rebounds With 12 More Units (finance.yahoo.com)
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.
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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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