Market Update: Baker Hughes Incorporated (NYSE:BHI) – Baker Hughes Declares Quarterly Dividend

[PR Newswire] – HOUSTON, Jan. 28, 2016 /PRNewswire/ — Baker Hughes Incorporated (NYSE: BHI) Chairman and Chief Executive Officer Martin S. Craighead announced today that the Baker Hughes Board of Directors declared the … Read more on this. Baker Hughes Incorporated (BHI) , with a current market cap of $18.59B, started trading this morning at $42.00. Looking at the equity, the company’s one day range is $41.56 to $43.29 and has traded between $37.58 and $70.45 over the past 12 months. BHI shares are currently priced at -110.35x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 10.59x earnings multiple. And for dividend hunters, the company pays shareholders $0.68 per share annually in dividends, yielding 1.74%. In a review of the consensus earnings estimate this quarter, 31 sell-side analysts are looking at $-0.10 per share, which would be $1.44 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $-0.37 is a $4.59 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.47 Billion. If reported, that would be a 47.74% decrease over the year-ago quarter. Recently, KeyBanc Capital Mkts upgraded BHI from Sector Weight to Overweight (Jan 5, 2016). Previously, Argus upgraded BHI from Hold to Buy. The average price target for BHI shares by the analysts covering it is $61.00, which is 45.24% above where the stock opened. See more in (NYSE:BHI) Similar Articles: Company Update: Baker Hughes Incorporated (NYSE:BHI) – EU opens probe into Halliburton’s planned purchase of Baker Hughes 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