Baker Hughes Incorporated - Value Alert
Texas (July 18, 2013) Wax Ink has issued a No Investment Interest rating for Baker Hughes Incorporated (NYSE: BHI) based on a recent baseline equity review which placed fair value between $59-$69.
The recent close of $48.90 is approximately 37% above the fair value buy target for the stock and approximately 33% below the fair value close target for the stock. The recent close is also 5% below analysts’ twelve-month $51.50 median price target for the stock.
The recent close represents a 6.5% increase in price since the last baseline equity review was conducted in July of 2012.
The stock currently has a trailing twelve-month PE Ratio of 7, and a PEG Ratio of 0.4 basis estimated forward earnings growth of 7%.
In the past 52 weeks, share prices have moved between a high of $50.97 and a low of $39.44, placing equilibrium at $45.72.
Basis the recent close, the stock is trading 4% below the 52 week high, 19% above the 52 week low, 6.5% above equilibrium, and has an average daily trading volume of approximately 3.3 million shares.
Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide.
The company's competitors include Halliburton Company, Schlumberger Limited, and Weatherford International Ltd..
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012. All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in the company mentioned in this alert.
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