Baker Hughes (NYSE:BHI) declared a quarterly dividend on Thursday, July 25th, StockRatingsNetwork.com reports. Investors of record on Monday, August 5th will be given a dividend of $0.15 per share on Friday, August 16th. This represents a $0.60 dividend on an annualized basis and a yield of 1.26%.
Several analysts have recently commented on the stock. Analysts at Sanford C. Bernstein cut their price target on shares of Baker Hughes from $63.00 to $62.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. On the ratings front, analysts at Macquarie upgraded shares of Baker Hughes from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. Finally, analysts at Cowen and Company upgraded shares of Baker Hughes from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $57.00 price target on the stock, up previously from $50.00.
One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Baker Hughes currently has an average rating of “Hold” and an average target price of $51.77.
Shares of Baker Hughes (NYSE: BHI) traded down 0.17% during mid-day trading on Friday, hitting $47.38. Baker Hughes has a 52 week low of $39.44 and a 52 week high of $50.97. The stock’s 50-day moving average is currently $47.02. The company has a market cap of $20.989 billion and a P/E ratio of 21.07.
Baker Hughes (NYSE:BHI) last posted its quarterly earnings results on Friday, July 19th. The company reported $0.54 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.65 by $0.11. The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter last year, the company posted $1.00 earnings per share. Baker Hughes’s revenue was up 3.0% compared to the same quarter last year. On average, analysts predict that Baker Hughes will post $2.98 earnings per share for the current fiscal year.
Baker Hughes Incorporated (NYSE: BHI) is engaged in the oilfield services industry.