Baker Hughes Co
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Energy : Energy Equipment & Services | Mid Cap Blend
Company profile

Baker Hughes Co, formerly Baker Hughes, a GE Company, is an oilfield services company. The Company provides oilfield products, services and digital solutions. It operates through four business segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS). OFS provides products and services for on and offshore operations across the lifecycle of a well, ranging from drilling, evaluation, completion, production and intervention. OFE provides a broad portfolio of products and services required to facilitate the flow of hydrocarbons from the subsea wellhead to the surface production facilities. TPS provides equipment and related services for mechanical-drive, compression and power-generation applications across the oil and gas industry. DS provides operating technologies for the health, productivity and safety of asset intensive industries and enable the industrial Internet of Things.

Closing Price
$16.57
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
7,028,382
0

UPDATE: Tesla's stock pares gains after blow out results, while a host of analysts boost price targets

6:45 pm ET July 23, 2020 (MarketWatch)
Print

Shares of Tesla Inc. (TSLA) rallied 3.1% in premarket trading, but pared overnight gains, while a host of Wall Street analysts raised their stock price targets in response blow out second-quarter results (http://www.marketwatch.com/story/tesla-reports-surprise-q2-profit-2020-07-22). The stock had jumped as much as 7.7% in the minutes after the electric car maker released its results late Wednesday. No less than 14 of the 32 analysts surveyed by FactSet have lifted price targets. The average target has increased to $1,152.10 from $751.48 at the end of June, but the target was still 28% below Wednesday's closing price of $1,592.33. Wedbush analyst Dan Ives kept his rating at neutral but boosted his price target to $1,800 from $1,250, saying Chief Executive Elon Musk "hit a home run." J.P. Morgan's Ryan Brinkman raised his price target to $325, which was 80% below Wednesday's close, from $295 while reiterating his underweight rating, saying the earnings beat was driven by higher regulatory credit sales and that the stock is "significantly overvalued." Oppenheimer's Colin Rusch kept his outperform rating and more than doubled his price target to $2,209 from $968, saying Tesla demonstrated that it was "better, faster and cheaper" than its competitors. The stock has rocketed nearly fourfold (up 281%) year to date through Wednesday, while the S&P 500 has edged up 1.4%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 23, 2020 18:45 ET (22:45 GMT)

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