Sign In  |  Register  |  About San Rafael  |  Contact Us

San Rafael, CA
September 01, 2020 1:37pm
7-Day Forecast | Traffic
  • Search Hotels in San Rafael

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Market Update (NYSE:BHI): US files lawsuit to block merger of Halliburton and Baker Hughes

[Reuters] – The U.S. Justice Department said on Wednesday that it filed a lawsuit aimed at stopping Halliburton from merging with Baker Hughes, a deal that would combine the No. 2 and No. 3 oil services companies. … Read more on this. Baker Hughes Incorporated (BHI) , valued at $18.04B, opened this morning at $39.00. During the trading session, BHI traded between $38.77 to $42.55 with a one year range of $37.58 to $70.45. Baker Hughes (BHI) shares are currently priced at -38.97x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 0.04x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $0.68 per share annually in dividends, yielding 1.58%. In a review of the consensus earnings estimate this quarter, 31 sell-side analysts are looking at $-0.28 per share, which would be $0.00 better than the year-ago quarter and a $0.00 sequential increase. The full-year EPS estimate is $-1.01, which would be a $0.53 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.93 Billion. If reported, that would be a 36.17% decrease over the year-ago quarter. More recently, DA Davidson Initiated BHI at Buy (Feb 19, 2016). Previously, Morgan Stanley downgraded BHI from Overweight to Equal-Weight. With the above information in mind, readers should note that the average price target is $57.65, which is 47.82% above where the stock opened this morning. See more in (NYSE:BHI) Similar Articles: Stock Update: Baker Hughes Incorporated (NYSE:BHI) – U.S. Justice Dept will sue to stop Halliburton, Baker Hughes merger – source Market Update (NYSE:BHI): EU regulators to decide on Halliburton, Baker Hughes deal by July 11 Company Update: Baker Hughes Incorporated (NYSE:BHI) – EU opens probe into Halliburton’s planned purchase of Baker Hughes
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SanRafael.com & California Media Partners, LLC. All rights reserved.