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RBC Capital Sticks to Its Buy Rating for Baker Hughes Company (BKR)

Tipranks - Fri Feb 6, 8:02PM CST

RBC Capital analyst Keith Mackey maintained a Buy rating on Baker Hughes Company on February 4 and set a price target of $63.00. The company’s shares closed yesterday at $59.17.

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Mackey covers the Energy sector, focusing on stocks such as Helmerich & Payne, Enerflex, and Schlumberger. According to TipRanks, Mackey has an average return of 21.8% and a 64.17% success rate on recommended stocks.

In addition to RBC Capital, Baker Hughes Company also received a Buy from Stifel Nicolaus’s Stephen Gengaro in a report issued on February 2. However, on January 28, UBS maintained a Hold rating on Baker Hughes Company (NASDAQ: BKR).

Based on Baker Hughes Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.39 billion and a net profit of $948 million. In comparison, last year the company earned a revenue of $7.36 billion and had a net profit of $1.18 billion

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