Baker Hughes, a GE company Class A (NASDAQ:BHGE) Director John G. Rice purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were acquired at an average cost of $35.37 per share, for a total transaction of $176,850.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $176,850. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Baker Hughes, a GE company Class A (BHGE) opened at 35.23 on Friday. The company’s market capitalization is $15.08 billion. Baker Hughes, a GE company Class A has a 12-month low of $33.44 and a 12-month high of $40.82. The firm’s 50-day moving average price is $44.52 and its 200-day moving average price is $55.57.
Baker Hughes, a GE company Class A (NASDAQ:BHGE) last posted its earnings results on Friday, July 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.27. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the firm posted ($0.90) earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts expect that Baker Hughes, a GE company Class A will post $0.51 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 5.79%. The ex-dividend date is Wednesday, August 9th.
ILLEGAL ACTIVITY WARNING: “John G. Rice Buys 5,000 Shares of Baker Hughes, a GE company Class A (BHGE) Stock” was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://stocknewstimes.com/2017/08/05/john-g-rice-buys-5000-shares-of-baker-hughes-a-ge-company-class-a-bhge-stock.html.
A hedge fund recently bought a new stake in Baker Hughes, a GE company Class A stock. New Mexico Educational Retirement Board bought a new stake in Baker Hughes, a GE company Class A (NASDAQ:BHGE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 39,592 shares of the company’s stock, valued at approximately $1,461,000.
BHGE has been the topic of a number of recent analyst reports. Zacks Investment Research raised Baker Hughes, a GE company Class A from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Monday, July 10th. Cowen and Company reissued a “buy” rating and set a $55.00 price target on shares of Baker Hughes, a GE company Class A in a report on Tuesday, July 11th. HSBC Holdings plc initiated coverage on Baker Hughes, a GE company Class A in a report on Thursday, July 13th. They set a “buy” rating and a $48.00 price target on the stock. BMO Capital Markets reissued a “hold” rating and set a $43.00 price target (down from $65.00) on shares of Baker Hughes, a GE company Class A in a report on Thursday, July 13th. Finally, FBR & Co initiated coverage on Baker Hughes, a GE company Class A in a report on Monday, July 17th. They set a “market perform” rating and a $42.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $46.71.
Receive News & Ratings for Baker Hughes a GE company Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes a GE company Class A and related companies with MarketBeat.com's FREE daily email newsletter.
