Baker Hughes Incorporated 19.8% Potential Upside Now Implied by Cowen

The company has a market cap of $23.45 billion. About 3.11 million shares traded hands. Highest price target is set at $63.00 however lowest price target estimated by analysts is $37.00. Ameritas Investment Partners owns 8,657 shares or 0.03% of their USA portfolio.

Along with these its year to date performance is standing at 19.99%. These ratios are important while doing valuation of the company or the shares of the company.

“We are in discussion with Baker Hughes on potential partnerships”. Wellington Mngmt Grp Incorporated Limited Liability Partnership has 7.09M shares for 0.08% of their USA portfolio.

In a different note, Loop Capital said it Initiates Coverage on Baker Hughes Incorporated, according to a research note issued on Sep 30, 2016. MCF Advisors LLC now owns 2,399 shares of the oilfield services provider’s stock valued at $108,000 after buying an additional 2,149 shares in the last quarter. The consensus recommendation by Thomson Reuters Analysts is Outperform for GE and their mean rating for the stock is 2.18 on scale of 1-5. The company had revenue of $2353.00 million for the quarter, compared to analysts expectations of $2415.87 million. FBR & Co analyst T. Curran now anticipates that the firm will post earnings of $0.13 per share for the quarter, up from their prior forecast of $0.12. The stock is going forward its 52-week low with 72.65% and moving down from its 52-week high price with -3.41%. On the 7th day After Earnings Report, the stock hit its share price as $46.96 by showing 5.84% increase from the Stock price Before Earnings were reported.

Beta is also an important valuation ratio for analyzing the stock of the company, 80 has Beta of 0.74 while its industry and Sector’s beta remains at 1.06 and 0.95 respectively. Thus Surprise Factor was there with -32.4 percent. Current stock price is in the upbeat territory taking into account of 20 days moving average with -10.04% and continued bullish run for 50 days moving average with -14.26%. And immediately on the next day after earnings announcement, the stock inclined 2.49% and closed its trading session at $46.6.

Investors should note that on Oct 26, 2016, Baker Hughes Incorporated announced a cash dividend of $0.1700.

Baker Hughes Incorporated (NYSE:BHI) went down -0.38% during trading on 10/27/2016, closing at $54.55. Thus showing a Surprise of -110 percent. Thus, try to buy BHI at the partial close of $53 for a trade to $60 for a proposed profit of 13%. They now have a $62.00 price objective on the oilfield services provider’s stock, up from their prior price objective of $56.00. Citigroup maintained the stock with “Buy” rating in Wednesday, August 31 report.