Baker Hughes, a GE company Class A (BHGE) Insider Sells $175,000.00 in Stock

Baker Hughes, a GE company Class A (NYSE:BHGE) insider William D. Marsh sold 5,000 shares of Baker Hughes, a GE company Class A stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total transaction of $175,000.00. Following the completion of the transaction, the insider now owns 25,190 shares in the company, valued at $881,650. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Baker Hughes, a GE company Class A (NYSE:BHGE) opened at $36.50 on Friday. The company has a market cap of $15,190.00 and a price-to-earnings ratio of -5.57. Baker Hughes, a GE company Class A has a 1 year low of $29.62 and a 1 year high of $63.95. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.29 and a current ratio of 1.90.

Baker Hughes, a GE company Class A (NYSE:BHGE) last issued its earnings results on Friday, October 20th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.07). The company had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.52 billion. Baker Hughes, a GE company Class A had a negative return on equity of 0.84% and a negative net margin of 6.66%. The business’s quarterly revenue was up 77.7% on a year-over-year basis. sell-side analysts predict that Baker Hughes, a GE company Class A will post 0.45 earnings per share for the current fiscal year.

A number of research firms recently weighed in on BHGE. Zacks Investment Research lowered shares of Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a research report on Tuesday. Cowen set a $55.00 price objective on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research report on Thursday. UBS Group lowered shares of Baker Hughes, a GE company Class A from a “positive” rating to a “neutral” rating in a research report on Monday, October 2nd. Citigroup decreased their target price on shares of Baker Hughes, a GE company Class A from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Wednesday, October 25th. Finally, Barclays set a $43.00 target price on shares of Baker Hughes, a GE company Class A and gave the stock an “overweight” rating in a research report on Friday, September 29th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $40.58.

Several large investors have recently added to or reduced their stakes in BHGE. ValueAct Holdings L.P. acquired a new position in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth $1,150,154,000. American Century Companies Inc. acquired a new position in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth $219,160,000. TCW Group Inc. acquired a new position in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth $139,949,000. Bank of New York Mellon Corp acquired a new position in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth $126,754,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth $84,073,000. 89.28% of the stock is owned by institutional investors and hedge funds.

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About Baker Hughes, a GE company Class A

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

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