6 Biggest Energy Earnings Reports Next Week

BHI data by YCharts

Baker Hughes (BHI)

Background: Baker Hughes supplies oilfield services, products, and technology services and systems to the oil and natural gas industry worldwide. The company was founded in 1972 and is headquartered in Houston, Texas. Baker Hughes trades an average of 4.4 million shares per day with a marketcap of $20 billion.

52-Week Range: $37.08 to $61.90

Book Value: $37.69

Price to Book: 1.2

Baker Hughes is forecast to report lower third-quarter earnings before the market opens on Oct. 19. The consensus estimate is currently 84 cents a share, falling 34 cents (28.8%) from $1.18 during the same period last year. Analysts are estimating as low as 80 cents per share, up to 91 cents per share.

Real Money's Dan Fitzpatrick writes about Baker Hughes in Fitz Bits: Looking for a Phillips Breakout.

Analyst opinion is mixed with this company. Most of the analysts surveyed don't believe a buy or a sell is currently warranted. Baker Hughes has 16 buy recommendations out of 31 analysts covering the company, along with 14 holds, and 1 sell recommendation. The stock fell 11% in the last year, and the average analyst target price for Baker Hughes is $54.17, a price not seen yet in 2012.

Shareholders receive 60 cents annually in dividend payments, for a yield of 1.4%.

The short interest is slightly elevated, although, not yet enough to make me want to worry about it. As long as it stays under 4%, I won't give it much thought. Short interest is 3.5%, and if it starts to increase past 5%, I recommend monitoring for a possible exit.

BHI Revenue Quarterly data by YCharts

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