BHGE stock: buy or sell?
October 23rd, 2019
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.
Should I buy BHGE stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Baker Hughes, a GE stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Baker Hughes, a GE stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 10 ratings published for BHGE stock in the last month. The general sentiment of these ratings is bullish for BHGE stock, with 8 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-12||Wells Fargo & Co||n/a||Outperform|
|2019-8-28||Bank of America||n/a||Buy|
|2019-8-1||Credit Suisse Group||n/a||Outperform|
|2019-5-1||Wells Fargo & Co||Outperform||Outperform|
|2019-5-1||Royal Bank of Canada||Outperform||Average|
|2019-3-5||Morgan Stanley||Overweight||Equal Weight|
|2019-2-1||Credit Suisse Group||n/a||Outperform|
BHGE stock analysis
Shares of Baker Hughes, a GE closed on October at $23.12 and rose a shining 2.17%.
Baker Hughes, a GE rose a shining 2.17% and closed at $23.12. BHGE broke out again over $22.69 after a 5.07% correction started on October.
Baker Hughes, a GE shares skyrocketed 6.20% late October, ending at $23.12. Late September BHGE collapsed a bloodcurdling -6.99% in just one week.
Observing the weekly chart, price is in a simple uptrend, tested $21.27 level and now climbing back aiming its last top at $24.73. Since late September, when BHGE stock price broke down the 40-weeks moving avarage line, it slid $-0.92 per share (-3.83%). Stocks below the 40-weeks moving average line are usually not recommended for average traders.
BHGE stock price history
BHGE stock went public on April 6th, 1987 with a price of $0.001. Since then, BHGE stock grew a inf%, with a yearly average of inf%. If you had invested $1,000 in BHGE stock in 1987, it would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits.
BHGE stock historical price chart
BHGE stock reached 52-week highs at $30.26, and all-time highs 2007-10-16 with a price of 58.71.
BHGE stock price target is $31.50Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We found 8 price forecasts for Baker Hughes, a GE stock posted in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-12||Wells Fargo & Co||Lowers Target||$31.00||$30.00||-3.2%|
|2019-8-28||Bank of America||Lowers Target||$32.00||$27.00||-15.6%|
|2019-8-1||Credit Suisse Group||Raises Target||$27.00||$28.00||3.7%|
|2019-5-1||Wells Fargo & Co||Lowers Target||$37.00||$34.00||-8.1%|
|2019-5-1||Royal Bank of Canada||Lowers Target||n/a||$33.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter publishing its last earnings report on April, Baker Hughes, a GE . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw an extraordinary gain of 33.17% to $22,877.00 M USD. When comparing 2018 vs 2017, on the other hand, profit margin (that is, the net income divided by revenues) inched a 1.21% to 0.85%. To have an updated view of the financial situation of Baker Hughes, a GE, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Baker Hughes, a GE TTM sales up to March 2019 were $23,093.00 and earnings were $157.00 million USD. If we compare this TTM figures with the last reported annuality, we can review Baker Hughes, a GE business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, stayed stable a slightly good 0.94%. In the same way, profit margin (net income/revenues) stayed stable at 0.85%.
|2013||$22,360 M||-||$1,100 M4.9%||-|
|2014||$24,550 M||9.79%||$1,720 M7.0%||56.36%|
|2015||$16,688 M||-32.02%||$-606.00 M-3.6%||-135.23%|
|2016||$23,110 M||38.48%||$-904.00 M-3.9%||49.17%|
|2017||$17,179 M||-25.66%||$-61.00 M-0.4%||-93.25%|
|2018||$22,877 M||33.17%||$195 M0.9%||-419.67%|
|TTM||$23,093 M||0.94%||$157 M0.7%||-19.49%|
Quarterly financial resultsBaker Hughes, a GE reported $5,615.00 M in sales for 2019-Q1, a -10.38% less compared to previous quarter. Reported quarter earnings marked $32.00 M with a profit margin of 0.57%. Profit margin decreased a -1.52% compared to previous quarter when profit margin was 2.09%. When comparing revenues to same quarter last year, Baker Hughes, a GE sales marked a decent increase and gained a 4.00%.
|2017-Q2||$2,400 M||-||$-179 M-7.5%||-|
|2017-Q3||$5,375 M||123.96%||$-104 M-1.9%||-41.90%|
|2017-Q4||$5,879 M||9.38%||$61 M1.0%||-158.65%|
|2018-Q1||$5,399 M||-8.16%||$70 M1.3%||14.75%|
|2018-Q2||$5,548 M||2.76%||$-19 M-0.3%||-127.14%|
|2018-Q3||$5,665 M||2.11%||$13 M0.2%||-168.42%|
|2018-Q4||$6,265 M||10.59%||$131 M2.1%||907.69%|
|2019-Q1||$5,615 M||-10.38%||$32 M0.6%||-75.57%|
Baker Hughes, a GE ownershipWhen you are planning to buy a stock, it's always worth to have a look its ownership structure.
Baker Hughes, a GE shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.27% of all shares.
Bearish positions for BHGE stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Baker Hughes, a GE:
|Market cap||$15.0 B|
|Total shares||649.1 M|
|Float shares||270.7 M|
|- Institutional holdings (%)||100.0%|
|- Insider holdings (%)||0.3%|
|Shares in short selling||0.0%|
|Wednesday, October 23rd, 2019|
|Day range||$22.30 - $23.20|
|Average true range||$0.61|
|50d mov avg||$22.46|
|100d mov avg||$23.15|
|200d mov avg||$23.91|
Baker Hughes, a GE performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We selected as the bechmarking frame for Baker Hughes, a GE stock.
|BHGEBaker Hughes, a G...||-6.21%||-8.22%||-12.85%|