Investors bought shares of Baker Hughes Inc. (NYSE:BHI) on weakness during trading on Thursday. $59.21 million flowed into the stock on the tick-up and $33.95 million flowed out of the stock on the tick-down, for a money net flow of $25.26 million into the stock. Of all stocks tracked, Baker Hughes had the 17th highest net in-flow for the day. Baker Hughes traded down ($1.22) for the day and closed at $44.49

A number of research analysts recently issued reports on the stock. Seaport Global Securities upgraded shares of Baker Hughes from a “speculative buy” rating to a “buy” rating and raised their price objective for the company from $53.00 to $56.00 in a report on Friday, April 8th. Jefferies Group upgraded shares of Baker Hughes from an “underperform” rating to a “hold” rating in a report on Sunday, July 10th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $36.00 price objective on shares of Baker Hughes in a report on Wednesday, April 6th. Deutsche Bank AG dropped their price objective on shares of Baker Hughes from $44.00 to $40.00 and set a “hold” rating for the company in a report on Monday, May 2nd. Finally, Citigroup Inc. dropped their price objective on shares of Baker Hughes from $54.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, July 13th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Baker Hughes has an average rating of “Buy” and a consensus price target of $53.98.

The stock’s market cap is $19.51 billion. The stock’s 50 day moving average price is $45.67 and its 200 day moving average price is $44.32.

Baker Hughes (NYSE:BHI) last released its quarterly earnings results on Tuesday, May 3rd. The oilfield services provider reported ($1.58) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.34) by $1.24. The firm earned $2.67 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same period last year, the firm posted ($0.07) earnings per share. The company’s quarterly revenue was down 41.9% on a year-over-year basis. On average, equities analysts anticipate that Baker Hughes Inc. will post ($2.04) earnings per share for the current fiscal year.

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

A number of hedge funds and institutional investors have made changes to their positions in the stock. Tradition Capital Management LLC raised its position 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 valued at $2,373,000 after buying an additional 195 shares in the last quarter. Tredje AP fonden raised its position 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 valued at $1,256,000 after buying an additional 439 shares in the last quarter. Advantus Capital Management Inc raised its position 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 valued at $1,924,000 after buying an additional 900 shares in the last quarter. I.G. Investment Management LTD. raised its position 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 valued at $2,090,000 after buying an additional 1,522 shares in the last quarter. Finally, GAM Holding AG raised its position in shares of Baker Hughes by 3.9% in the fourth quarter. GAM Holding AG now owns 59,334 shares of the oilfield services provider’s stock valued at $2,738,000 after buying an additional 2,223 shares in 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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