BHGE stock: buy or sell?

BHGE stock price: $23.12 2.17% At close on October 23rd, 2019

Updated on:
October 23rd, 2019

2

Baker Hughes, a GE shares rose 2.17% to $23.12 on October. Counting October, it's been 3 green days in a row, adding $1.35 or 6.11%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean BHGE will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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.
Is BHGE a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-12Wells Fargo & Con/aOutperform
2019-8-28Bank of American/aBuy
2019-8-1Credit Suisse Groupn/aOutperform
2019-5-1Wells Fargo & CoOutperformOutperform
2019-5-1Royal Bank of CanadaOutperformAverage
2019-3-5Morgan StanleyOverweightEqual Weight
2019-2-4CowenOutperformOutperform
2019-2-4Cowenn/aOutperform
2019-2-27Societe GeneraleBuyBuy
2019-2-1Credit Suisse Groupn/aOutperform

BHGE stock analysis

Daily outlook

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.

BHGE stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $31.50

Nobody 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:
BHGE stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-12Wells Fargo & CoLowers Target$31.00$30.00-3.2%
2019-8-28Bank of AmericaLowers Target$32.00$27.00-15.6%
2019-8-1Credit Suisse GroupRaises Target$27.00$28.003.7%
2019-5-1Wells Fargo & CoLowers Target$37.00$34.00-8.1%
2019-5-1Royal Bank of CanadaLowers Targetn/a$33.00-
2019-2-4CowenReiterates$34.00$32.00-5.9%
2019-2-4CowenLowers Target$34.00$32.00-5.9%
2019-2-27Societe GeneraleInitiatesn/a$36.00-
(in average)$32.50$31.50-3.0%
Moving in a range from $36.00 and $27.00, the price prediction for Baker Hughes, a GE stock is $31.50. In average, analysts' outlook on BHGE price target is negative, reducing the prediction by a -3.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on April, Baker Hughes, a GE . Unfortunately, reported EPS is not yet available in our database.
BHGE earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q4-n/an/an/a
2018-Q12018-04-200.060.0950.0%
2018-Q22018-07-200.130.1-23.1%
2018-Q32018-10-300.210.19-9.5%
2018-Q42019-01-310.270.26-3.7%
2019-Q12019-04-180.14n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared 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%.

BHGE annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$22,360 M-$1,100 M4.9%-
2014$24,550 M9.79%$1,720 M7.0%56.36%
2015$16,688 M-32.02%$-606.00 M-3.6%-135.23%
2016$23,110 M38.48%$-904.00 M-3.9%49.17%
2017$17,179 M-25.66%$-61.00 M-0.4%-93.25%
2018$22,877 M33.17%$195 M0.9%-419.67%
TTM $23,093 M0.94%$157 M0.7%-19.49%

Quarterly financial results

Baker 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%.
BHGE quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$2,400 M-$-179 M-7.5%-
2017-Q3$5,375 M123.96%$-104 M-1.9%-41.90%
2017-Q4$5,879 M9.38%$61 M1.0%-158.65%
2018-Q1$5,399 M-8.16%$70 M1.3%14.75%
2018-Q2$5,548 M2.76%$-19 M-0.3%-127.14%
2018-Q3$5,665 M2.11%$13 M0.2%-168.42%
2018-Q4$6,265 M10.59%$131 M2.1%907.69%
2019-Q1$5,615 M-10.38%$32 M0.6%-75.57%

Baker Hughes, a GE ownership

When 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:

BHGE
Market cap$15.0 B
Total shares649.1 M
Float shares270.7 M
  - Institutional holdings (%)100.0%
  - Insider holdings (%)0.3%
Shares in short selling0.0%

BHGE summary

Wednesday, October 23rd, 2019
Open$22.50
Close$23.12
Day range$22.30 - $23.20
Previous close$22.63
Session gain2.17%
Average true range$0.61
50d mov avg$22.46
100d mov avg$23.15
200d mov avg$23.91
Daily patternlb01c
Weekly pattern lb01a

Baker Hughes, a GE performance

Stocks 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.
Stock3m6m12m
BHGEBaker Hughes, a G...-6.21%-8.22%-12.85%

Baker Hughes, a GE competitors

Unfortunately, we could not find any public company that could be defined as Baker Hughes, a GE competitor. This doesn't mean Baker Hughes, a GE does not have any competitor in the market, it's just we could not detected it.