A Director at Baker Hughes a GE company (NYSE: BHGE) is Buying Shares

Today, a Director at Baker Hughes a GE company (BHGEResearch Report), Clarence Cazalot, bought shares of BHGE for $24.22K.

This recent transaction increases Clarence Cazalot’s holding in the company by 1.74% to a total of $1.07 million. In addition to Clarence Cazalot, one other BHGE executive reported Buy trades in the last month.

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Based on Baker Hughes a GE company’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $5.99 billion and GAAP net loss of $9 million. In comparison, last year the company earned revenue of $5.67 billion and had a net profit of $13 million. The company has a one-year high of $31.86 and a one-year low of $20.09. BHGE’s market cap is $14.03B and the company has a P/E ratio of 62.29.

Starting in March 2019, BHGE received 10 Buy ratings in a row. Three different firms, including AltaCorp Captial and Edward Jones, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $2.79B worth of BHGE shares and purchased $24.22K worth of BHGE shares. The insider sentiment on Baker Hughes a GE company has been neutral according to 40 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

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Baker Hughes, a GE Co. is a holding company, which engages in the provision of oilfield products, services, and digital solutions. It operates through the following four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS) and Digital Solutions (DS).