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Market Update: Baker Hughes Incorporated (NYSE:BHI) – Baker Hughes Announces January 2016 Rig Counts

[PR Newswire] – HOUSTON, Feb. 5, 2016 /PRNewswire/ — Baker Hughes Incorporated ( NYSE:BHI ) announced today that the international rig count for January 2016 was 1,045, down 50 from the 1,095 counted in December 2015, … Read more on this. Baker Hughes Incorporated (BHI) , valued at $19.10B, started trading this morning at $43.75. Looking at today’s market, BHI one day range is $42.65 to $43.94 with a one year range of $37.58 to $70.45. Priced at -81.93x this year’s forecasted earnings, BHI shares are relatively inexpensive compared to the industry ’s 15.97x forward p/e ratio. And for passive income investors, the company pays shareholders $0.68 per share annually in dividends, yielding 1.62%. Consensus earnings for the current quarter by the 30 sell-side analysts covering the stock is an estimate of $-0.18 per share, which would be $0.00 better than the year-ago quarter and a $0.00 sequential increase. What we find to be interesting is that the full-year EPS estimate of $-0.54 is a $0.06 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.03 Billion. If realized, that would be a 33.99% decrease over the year-ago quarter. More recently, KeyBanc Capital Mkts upgraded BHI from Sector Weight to Overweight (Jan 5, 2016). Previously, Argus upgraded BHI from Hold to Buy. With the above information in mind, readers should note that the average price target is $57.92, which is 32.39% above where the stock opened this morning. See more in (NYSE:BHI) Similar Articles: Market Update: Baker Hughes Incorporated (NYSE:BHI) – Baker Hughes Declares Quarterly Dividend Market Update: Baker Hughes Incorporated (NYSE:BHI) – Baker Hughes Announces August 2015 Rig Counts Market Update: Baker Hughes Incorporated (NYSE:BHI) – Baker Hughes Announces July 2015 Rig Counts
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