Company Update: Baker Hughes Incorporated (NYSE:BHI) – EU opens probe into Halliburton’s planned purchase of Baker Hughes

[Reuters] – The European Commission said on Tuesday it had launched an in-depth investigation into Halliburton’s planned purchase of its oilfield services rival Baker Hughes. Halliburton Co offered in November 2014 … Read more on this. Baker Hughes Incorporated (BHI) , with a current value of $17.71B, opened at $42.20. A quick look at the market, the company’s stock traded between $40.13 and $42.25 and has traded between $40.13 and $70.45 over the past 12 months. BHI shares are currently priced at -115.31x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 2.73x forward p/e ratio. And for income investors, the company pays shareholders $0.68 per share annually in dividends, yielding 1.64%. In a review of the consensus earnings estimate this quarter, 30 sell-side analysts are looking at $-0.10 per share, which would be $1.44 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $-0.36, which would be a $4.58 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.47 Billion. If reported, that would be a 47.74% decrease over the year-ago quarter. Recently, KeyBanc Capital Mkts upgraded BHI from Sector Weight to Overweight (Jan 5, 2016). Previously, Argus upgraded BHI from Hold to Buy. The average price target for BHI shares by the analysts covering the stock is $65.54, which is 55.31% above where the stock opened this morning. See more in (NYSE:BHI) Similar Articles: Market Update: Baker Hughes Incorporated (NYSE:BHI) – Baker Hughes Announces August 2015 Rig Counts Market Update: Baker Hughes Incorporated (NYSE:BHI) – Baker Hughes Announces July 2015 Rig Counts Company Update: Baker Hughes Incorporated (NYSE:BHI) – Baker Hughes Announces Second Quarter Results