According to Zacks, “Baker Hughes, a GE Company is a provider of integrated oilfield products, services and digital solutions. Baker Hughes a GE Company, formerly known as Baker Hughes, is based in Houston, United States. “
BKR has been the subject of several other reports. Barclays restated a “buy” rating and set a $28.00 price objective on shares of Baker Hughes in a research report on Friday, November 1st. TheStreet downgraded shares of Baker Hughes from a “c-” rating to a “d” rating in a research report on Monday, October 21st.
Baker Hughes (NYSE:BKR) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.03). The company had revenue of $5.88 billion for the quarter, compared to analyst estimates of $6.11 billion. Baker Hughes had a return on equity of 1.19% and a net margin of 0.89%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business earned $0.19 earnings per share. Research analysts forecast that Baker Hughes will post 0.89 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Baker Hughes during the third quarter worth approximately $64,560,000. Poplar Forest Capital LLC acquired a new stake in Baker Hughes during the third quarter worth approximately $40,367,000. Eagle Asset Management Inc. acquired a new stake in Baker Hughes during the third quarter worth approximately $38,260,000. Carillon Tower Advisers Inc. acquired a new stake in Baker Hughes during the third quarter worth approximately $30,230,000. Finally, California Public Employees Retirement System acquired a new stake in Baker Hughes during the third quarter worth approximately $23,149,000. Hedge funds and other institutional investors own 48.40% of the company’s stock.
Baker Hughes Company Profile
Baker Hughes 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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