Baker Hughes, a GE company Clas (NYSE:BHGE).
Equity analyst FBR Capital initiated coverage on BHGE by announcing an initial rating of “Market Perform”. On August 21 analysts at Argus added BHGE to its research portfolio with an initial rating of “Buy”.
On September 25, 2017 Bank of America starting coverage on BHGE with a rating of “Underperform”. Deutsche Bank initiated coverage giving it an initial rating of “Hold”.
UBS released its first research report on the stock setting a rating of “Neutral”.
The company is down by 0.13% percent from yesterday’s close. Additionally Baker Hughes, a GE company Clas announced a dividend for shareholders paid on Friday the 25th of August 2017. The dividend was $0.170 per share for the quarter or $0.68 on an annualized basis. This dividend amount represented a yield of $2.04. The ex-dividend date was set for Wednesday the 9th of August 2017.
The stock last traded at $31.43 impressively lower than $35.59, the stock’s 50 day moving average and which is significantly lower than the 200 day moving average of $44.88. The 50 day moving average was down $-4.16 or -11.69% whereas the 200 day average was down by -29.98%.
Investors are more bullish on shares of the company lately as indicated by the fall in short interest. The stock realized a fall in short interest between September 15, 2017 and September 29, 2017 of -16.56%. Short interest decreased 1,972,365 over that timeframe. Days to cover decreased from 3.0 to 3.0 and the percentage of shorted shares was 0.02% on September 29.