Baker Hughes (BKR) Projected to Post Earnings on Thursday

Baker Hughes (NASDAQ:BKR - Get Free Report) is expected to release its earnings data after the market closes on Thursday, January 30th. Analysts expect Baker Hughes to post earnings of $0.63 per share and revenue of $7.07 billion for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Baker Hughes Price Performance

Shares of BKR traded down $0.27 during trading hours on Tuesday, hitting $43.28. 7,009,940 shares of the company were exchanged, compared to its average volume of 6,880,536. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.30 and a quick ratio of 0.88. The company has a market capitalization of $42.83 billion, a PE ratio of 19.41, a PEG ratio of 0.88 and a beta of 1.39. The firm has a fifty day simple moving average of $43.02 and a 200-day simple moving average of $38.87. Baker Hughes has a one year low of $28.32 and a one year high of $47.47.

Insider Transactions at Baker Hughes

In other news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the transaction, the executive vice president now directly owns 173,302 shares in the company, valued at approximately $7,758,730.54. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.25% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on BKR shares. Barclays boosted their price objective on Baker Hughes from $46.00 to $52.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. The Goldman Sachs Group raised their price objective on shares of Baker Hughes from $51.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Argus upgraded Baker Hughes from a "hold" rating to a "buy" rating in a report on Friday, October 25th. Stifel Nicolaus increased their price objective on Baker Hughes from $45.00 to $48.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Finally, Wells Fargo & Company lifted their target price on Baker Hughes from $42.00 to $49.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $48.06.

Baker Hughes Company Profile

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.