Baker Hughes Inc. (NYSE:BHI) dropped 0.1% during trading on Friday . The company traded as low as $43.35 and last traded at $43.48, with a volume of 1,598,884 shares changing hands. The stock had previously closed at $43.54.

BHI has been the subject of a number of recent analyst reports. Howard Weil lowered their price target on shares of Baker Hughes from $62.00 to $49.00 in a report on Monday, March 28th. Citigroup Inc. lowered their price target on shares of Baker Hughes from $61.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, March 23rd. Wells Fargo & Co. reissued a “buy” rating on shares of Baker Hughes in a research report on Wednesday, April 6th. Deutsche Bank AG reissued a “buy” rating and set a $78.00 price objective on shares of Baker Hughes in a research report on Sunday, March 13th. Finally, Seaport Global Securities raised shares of Baker Hughes from a “speculative buy” rating to a “buy” rating and boosted their price objective for the company from $53.00 to $56.00 in a research report on Friday, April 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $53.80.

The company has a 50 day moving average price of $45.71 and a 200-day moving average price of $44.37. The stock’s market cap is $19.13 billion.

Baker Hughes (NYSE:BHI) last posted its earnings results on Tuesday, May 3rd. The oilfield services provider reported ($1.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by $1.24. The business earned $2.67 billion during the quarter, compared to the consensus estimate of $2.85 billion. Baker Hughes’s revenue was down 41.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.07) EPS. On average, equities analysts forecast that Baker Hughes Inc. will post ($2.13) earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 1st were paid a $0.17 dividend. The ex-dividend date was Friday, May 27th. This represents a $0.68 annualized dividend and a yield of 1.56%.

In other news, SVP Alan R. Crain, Jr. sold 20,000 shares of the business’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $44.80, for a total transaction of $896,000.00. Following the sale, the senior vice president now owns 58,254 shares in the company, valued at $2,609,779.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William D. Marsh sold 1,500 shares of the business’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $49.10, for a total value of $73,650.00. Following the sale, the vice president now owns 7,728 shares in the company, valued at approximately $379,444.80. The disclosure for this sale can be found here.

Other large investors have modified their holdings of the company. Tradition Capital Management LLC raised its stake in shares of Baker Hughes by 0.4% in the fourth quarter. Tradition Capital Management LLC now owns 51,440 shares of the oilfield services provider’s stock worth $2,373,000 after buying an additional 195 shares during the last quarter. Tredje AP fonden raised its stake in shares of Baker Hughes by 1.6% in the fourth quarter. Tredje AP fonden now owns 27,224 shares of the oilfield services provider’s stock worth $1,256,000 after buying an additional 439 shares during the last quarter. Advantus Capital Management Inc raised its stake in shares of Baker Hughes by 2.2% in the fourth quarter. Advantus Capital Management Inc now owns 41,697 shares of the oilfield services provider’s stock worth $1,924,000 after buying an additional 900 shares during the last quarter. Profund Advisors LLC raised its stake in shares of Baker Hughes by 3.5% in the fourth quarter. Profund Advisors LLC now owns 30,910 shares of the oilfield services provider’s stock worth $1,426,000 after buying an additional 1,058 shares during the last quarter. Finally, I.G. Investment Management LTD. raised its stake in shares of Baker Hughes by 3.5% in the fourth quarter. I.G. Investment Management LTD. now owns 45,284 shares of the oilfield services provider’s stock worth $2,090,000 after buying an additional 1,522 shares during the last quarter.

Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems to the around the world oil and natural gas industry. The Company also provides industrial products and services to the downstream chemicals, and process and pipeline services.

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