Baker Hughes (NYSE:BHI) BHI: 63.10 -0.37 (-0.58%) revealed net loss for the fourth quarter of $ 417 million or $ 0.98 per share, compared to loss of $ 1031 million or $ 2.35 per share, in the year-ago period.
To further dampen the mood, Baker Hughes said that it expects North American revenue in the first quarter this year to suffer from lower activity in the Gulf of Mexico and the spin-off of the pressure pumping business. Current price places the company's stock -2.2% away from its 200-day simple moving average, -1.73%, away from the 50-day average and also 5.44% away from 20-day average. Insiders own 0.60% of the company's stock. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. NN Investment Partners Holdings N.V. boosted its position in shares of Baker Hughes by 115.9% in the fourth quarter. The Hedge Fund company now holds 12,518 shares of BHI which is valued at $772,861. Baker Hughes Incorporated was Initiated by Bernstein to "Mkt Perform" on Dec 2, 2016. It has been assigned a low target price of $45 and a high target price of $85.
12/06/2016 - Baker Hughes Incorporated had its "buy" rating reiterated by analysts at Evercore ISI. Viking Fund Management LLC now owns 550,000 shares of the oilfield services provider's stock worth $27,759,000 after buying an additional 90,000 shares in the last quarter.
Trump signs exec. order on Obamacare, issues first orders to agencies
You can make sure your representatives know your feelings on repealing the ACA and removing coverage for millions of children. Partly as a result, abortion rates fell to their lowest rate since 1973 , when the procedure became legal in every state.
Baker Hughes Incorporated (BHI) now trades with a market capitalization of $26.67 Billion.
Coming to earnings surprise history, the company has a poor track record: it missed the Zacks Consensus Estimate in three of the last four quarters at an average rate of negative 32.05%. Curious investors will be awaiting 2017-01-26, the date when Baker Hughes Incorporated (NYSE:BHI) will release their quarterly results. Baker Hughes has an average rating of Hold and an average price target of $59.31. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Abner Herrman Brock added BHI to its portfolio by purchasing 10,220 company shares during the most recent quarter which is valued at $653,671. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of United States & worldwide copyright law. The shares were purchased at an average cost of $58.84 per share, for a total transaction of $5,001,400.00. The share price is now -0.29 percent versus its SMA20, -0.7 percent versus its SMA50, and 21.45 percent versus its SMA200. The disclosure for this sale can be found here. Finally, ELCO Management Co. Baker Hughes kept a 46.7 percent ownership stake in BJ Services. In addition, the company manufactures and sells other products and provides services to industries that are not related to the oilfield or continuous process industries.
The company operates through five business segments - North America, Latin America, Europe/Africa/Russia Caspian, Middle East/Asia Pacific and Industrial Services.