Jefferies Reiterates a Hold Rating on Baker Hughes

In a report released today, Brad Handler from Jefferies reiterated a Hold rating on Baker Hughes (NYSE: BHI). The company’s shares closed yesterday at $50.65.

According to, Handler is ranked 0 out of 5 stars with an average return of -6.8% and a 46.6% success rate. Handler covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Oceaneering International, and Basic Energy Services.

Currently, the analyst consensus on Baker Hughes is Moderate Buy and the average price target is $49.60, representing a -2.1% downside.

In a report issued on August 16, Nomura Holdings also reiterated a Hold rating on the stock with a $43 price target.

The company has a one year high of $58.23 and a one year low of $37.58. Currently, Baker Hughes has an average volume of 3.38M.

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Alan Keifer, a the VP & Controller of BHI sold 17,434 shares for a total of $918,744.

Baker Hughes, Inc. supplies oilfield services, products, technology, and systems to the worldwide oil and natural gas industry. It operates through the following segments: North America, Latin America, Europe/Africa/Russia Caspian, Middle East/Asia Pacific, and Industrial Services. Its services includes: integrated operations; reservoir services; drilling; evaluation; completions; production; subsea production alliance; pressure pumping; tubular services; process and pipeline services; downstream chemicals; and specialty chemicals. The company was founded in April 1987 and is headquartered in Houston, TX.