Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Baker Hughes, a GE (BHGE) Stock Price

Headlines about Baker Hughes, a GE (NYSE:BHGE) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Baker Hughes, a GE earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the company an impact score of 47.4601588959327 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news headlines that may have effected Accern’s scoring:

Baker Hughes, a GE traded down $0.21, reaching $36.64, during mid-day trading on Thursday, MarketBeat Ratings reports. 4,268,101 shares of the company’s stock traded hands, compared to its average volume of 5,118,749. Baker Hughes, a GE has a 12-month low of $36.00 and a 12-month high of $36.40. The company has a market cap of $15.02 billion, a PE ratio of 70.46, a P/E/G ratio of 5.76 and a beta of 0.72. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.05 and a quick ratio of 1.48.

Baker Hughes, a GE (NYSE:BHGE) last announced its quarterly earnings results on Friday, April 20th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Baker Hughes, a GE had a positive return on equity of 0.25% and a negative net margin of 1.28%. The company had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.41 billion. During the same quarter in the previous year, the business earned ($0.23) EPS. Baker Hughes, a GE’s revenue was up 1.4% compared to the same quarter last year. analysts expect that Baker Hughes, a GE will post 0.78 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Tuesday, May 22nd will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, May 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.97%. Baker Hughes, a GE’s dividend payout ratio (DPR) is 101.92%.

A number of research firms have recently weighed in on BHGE. Bank of America lowered Baker Hughes, a GE from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research note on Thursday, May 10th. They noted that the move was a valuation call. Credit Suisse Group boosted their target price on Baker Hughes, a GE from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, April 23rd. Royal Bank of Canada reissued a “buy” rating and issued a $35.00 target price on shares of Baker Hughes, a GE in a research note on Sunday, April 22nd. SunTrust Banks set a $34.00 target price on Baker Hughes, a GE and gave the company a “hold” rating in a research note on Sunday, April 22nd. Finally, Jefferies Group set a $34.00 target price on Baker Hughes, a GE and gave the company a “hold” rating in a research note on Sunday, April 22nd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $37.69.

In other Baker Hughes, a GE news, CEO Maria C. Borras sold 19,571 shares of the company’s stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $36.97, for a total transaction of $723,539.87. Following the transaction, the chief executive officer now owns 3,042 shares in the company, valued at approximately $112,462.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William D. Marsh sold 6,543 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $35.82, for a total value of $234,370.26. Following the transaction, the insider now owns 22,663 shares in the company, valued at approximately $811,788.66. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

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.

Insider Buying and Selling by Quarter for Baker Hughes, a GE (NYSE:BHGE)

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