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Stock Update: Baker Hughes Incorporated (NYSE:BHI) – Baker Hughes Announces March 2016 Rig Counts

[PR Newswire] – HOUSTON, April 07, 2016 /PRNewswire/ — Baker Hughes Incorporated ( NYSE:BHI ) announced today that the international rig count for March 2016 was 985, down 33 from the 1,018 counted in February 2016, and … Read more on this. Baker Hughes Incorporated (BHI) , currently valued at $18.06B, ended trading yesterday at $42.83. Today, shares have traded between $41.19 and $42.28 per share with its 52-week range being $37.58 to $70.45. Priced at -43.26x this year’s forecasted earnings, BHI shares are relatively inexpensive compared to the industry’s 0.04x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.68 per share annually in dividends, yielding 1.64%. According to a consensus of 31 analysts, the earnings estimate of $-0.28 per share would be $0.00 better than the year-ago quarter and a $0.00 sequential increase. The full-year EPS estimate is $-0.99, which would be a $0.51 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.91 Billion. If reported, that would be a 36.60% decrease over the year-ago quarter. More recently, Deutsche Bank downgraded BHI from Buy to Hold (Apr 6, 2016). Previously, DA Davidson Initiated BHI at to Buy. When considering if the stock is under or overvalued, the average price target is $53.85, which is 25.73% above where the stock opened this morning. See more in (NYSE:BHI) Similar Articles: Market Update: Baker Hughes Incorporated (NYSE:BHI) – Baker Hughes Announces February 2016 Rig Counts Market Update: Baker Hughes Incorporated (NYSE:BHI) – Baker Hughes Announces January 2016 Rig Counts Market Update: Baker Hughes Incorporated (NYSE:BHI) – Baker Hughes Declares Quarterly Dividend
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