Baker Hughes A GE (BHGE) Reaches New 52-Week Low at $21.05

Baker Hughes A GE Co (NYSE:BHGE)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $21.05 and last traded at $21.26, with a volume of 271087 shares traded. The stock had previously closed at $22.14.

A number of brokerages recently issued reports on BHGE. Bank of America reiterated a “buy” rating and issued a $27.00 price target (down previously from $37.00) on shares of Baker Hughes A GE in a research note on Monday, December 3rd. TheStreet cut shares of Baker Hughes A GE from a “c-” rating to a “d+” rating in a research note on Wednesday, November 14th. UBS Group dropped their price target on shares of Baker Hughes A GE from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. Citigroup dropped their price target on shares of Baker Hughes A GE from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Finally, Guggenheim cut shares of Baker Hughes A GE from a “hold” rating to a “neutral” rating in a research note on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company. Baker Hughes A GE has an average rating of “Buy” and a consensus price target of $36.36.

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.35. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 41.65, a PEG ratio of 4.18 and a beta of 0.82.

Baker Hughes A GE (NYSE:BHGE) last issued its earnings results on Tuesday, October 30th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Baker Hughes A GE had a return on equity of 0.59% and a net margin of 0.16%. The business had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.88 billion. During the same period last year, the firm posted $0.05 EPS. Baker Hughes A GE’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts anticipate that Baker Hughes A GE Co will post 0.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 16th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Thursday, November 15th. Baker Hughes A GE’s dividend payout ratio (DPR) is 138.46%.

In other Baker Hughes A GE news, Director Electric Co General sold 101,200,000 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $22.47, for a total value of $2,273,964,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the business. Capital International Investors increased its position in shares of Baker Hughes A GE by 1,249.7% during the 3rd quarter. Capital International Investors now owns 16,163,579 shares of the company’s stock valued at $546,814,000 after purchasing an additional 14,965,979 shares during the last quarter. Millennium Management LLC increased its position in shares of Baker Hughes A GE by 521.2% during the 2nd quarter. Millennium Management LLC now owns 4,112,049 shares of the company’s stock valued at $135,821,000 after purchasing an additional 3,450,049 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Baker Hughes A GE during the 3rd quarter valued at about $80,306,000. Dodge & Cox increased its position in shares of Baker Hughes A GE by 4.2% during the 3rd quarter. Dodge & Cox now owns 39,653,536 shares of the company’s stock valued at $1,341,479,000 after purchasing an additional 1,606,897 shares during the last quarter. Finally, Capital World Investors increased its position in shares of Baker Hughes A GE by 2.2% during the 3rd quarter. Capital World Investors now owns 49,431,229 shares of the company’s stock valued at $1,672,258,000 after purchasing an additional 1,061,251 shares during the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.

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Baker Hughes A GE Company Profile (NYSE:BHGE)

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.

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