Hancock Holding Co. now owns 309,295 shares of the oilfield services provider’s stock valued at $15,609,000 after buying an additional 12,488 shares during the last quarter. Baker Hughes Incorporated posted net revenue of 2.26B, beating Wall Street analysts who had forecast $2.27B. Analysts are forecasting Baker Hughes Incorporated to report revenue of about $2.35B, versus the $2.41B posted previous year. During the same period a year ago, the firm earned ($1.58) EPS. “Forecasts (BHI)” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem.
Several other large investors have also recently bought and sold shares of the stock.
Analysts at Jefferies Group lowered their Q2 2017 earnings estimates for shares of Baker Hughes in a note issued to investors on Wednesday, Zacks Investment Research reports. Evercore ISI set a $72.00 target price on Baker Hughes and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. They issued a “hold” rating and a $62.00 price target on the stock. Zacks Investment Research lowered Baker Hughes from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Finally, HSBC Holdings plc began coverage on shares of Baker Hughes in a research report on Wednesday, April 19th. Baker Hughes has an average rating of “Hold” and an average price target of $62.33.
Baker Hughes Incorporated (NYSE:BHI) traded up 1.91% on Friday, reaching $58.22. With 2.75 million shares average volume, it will take short sellers 4 days to cover their BHI’s short positions.
Analysts at US financial services firm Cowen & Co said in a note this week that 60 exploration and production (E&P) companies planned to increase spending by an average of 51 percent in 2017 from 2016. The stock’s 50 day moving average is $59.63 and its 200-day moving average is $60.70.
The stock of Baker Hughes Incorporated (NYSE:BHI) registered an increase of 13.95% in short interest. It has no change, as 72 investors sold Baker Hughes Incorporated shares while 205 reduced holdings. only 93 funds opened positions while 194 raised stakes. American Century Companies Inc. raised its stake in Baker Hughes by 5.7% in the first quarter. Lockheed Martin Investment Management Co. purchased a new stake in shares of Baker Hughes during the third quarter valued at approximately $1,009,000. Brown Advisory Inc. now owns 5,791 shares of the oilfield services provider’s stock worth $376,000 after buying an additional 53 shares in the last quarter. Goodman Financial Corp boosted its stake in shares of Baker Hughes by 1.1% in the first quarter. Finally, Janus Capital Management LLC increased its position in shares of Baker Hughes by 3,529.3% in the first quarter. Seven Bridges Advisors LLC now owns 42,105 shares of the oilfield services provider’s stock valued at $2,125,000 after buying an additional 11,974 shares during the last quarter. Analysts, on average, were expecting $-0.44 per share, and the company reported EPS of $-0.15 – amounting to a negative surprise of -65.55%. Stockholders of record on Monday, May 8th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, May 4th. This represents a $0.68 dividend on an annualized basis and a yield of 1.19%.
Western Canada’s fleet of drilling rigs are slowing down on account of seasonality in the drilling business with only 85 actively drilling according to data collected by Baker Hughes for the week of May 19. Janney Montgomery Scott Ltd Liability Company reported 0% of its portfolio in Baker Hughes Incorporated (NYSE:BHI). The Company is a supplier of oilfield services, products, technology and systems used in the oil and natural gas industry around the world.