Tuesday, February 14, 2017

Dividend Stock To Watch: Baker Hughes Incorporated (BHI)

Baker Hughes Incorporated (NYSE:BHI) share price jumped at US$ 61.29 before falling back to end the trade at US$ 61.06 a share. The dividend stock is -10.74% off a 52-week high stock price of US$ 68.59 but is up 62.14% since hitting the US$ 38.16.

After a -0.15% fall from previous close of US$ 61.15, Baker Hughes Incorporated (BHI) has a US$ 25.78 Billion market cap. The company pays a US$ 0.17-cent-per-share quarterly dividend, giving it a 1.11% yield. That brings its full year payout to US$ 0.68.

The BHI has tumbled -5.76% year-to-date. The equity has gained steam in recent weeks, with shares up about 3.13% in the past three months. It added -1.01%, climbed -1.91% and jumped 23.43% in the week, one month and six months, respectively. Revenue growth rate was recorded at -13.1% and net income per share was seen moving at a -29.1% rate in the past five years.

Baker Hughes Incorporated (NYSE:BHI) is over 12% above analysts’ consensus price target of US$ 69.46. The stock has blown through analysts’ low price target of US$ 45, but is still below the high US$ 85 target. On a price appreciation basis over the past 12 months, the stock returned 55.66%.

The most recent short interest data show 2.21% of the company’s stock are short sold. It would take about 3.23 days to cover all short positions. In terms of volatility, it has a beta coefficient of 0.75 and technical analysis volatility indicator called Average True Range or ATR around 1.31.

Baker Hughes Incorporated (NYSE:BHI) closed 15.49% above its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends. The stock is -4.08% below another chart threshold, its 50-day moving average and -1.38% below its 20-day simple moving average.

Dividend Stock To Watch: Baker Hughes Incorporated (BHI)

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