The stock of Baker Hughes Incorporated (NYSE:BHI) is a huge mover today! About 3.64 million shares traded hands. Baker Hughes Incorporated (NYSE:BHI) has risen 28.85% since April 27, 2016 and is uptrending. It has outperformed by 23.62% the S&P500.
The move comes after 7 months positive chart setup for the $26.82B company. It was reported on Nov, 30 by Barchart.com. We have $66.20 PT which if reached, will make NYSE:BHI worth $804.60 million more.
Analysts await Baker Hughes Incorporated (NYSE:BHI) to report earnings on January, 26. They expect $-0.14 EPS, up 33.33% or $0.07 from last year’s $-0.21 per share. After $-0.15 actual EPS reported by Baker Hughes Incorporated for the previous quarter, Wall Street now forecasts -6.67% EPS growth.
Baker Hughes Incorporated (NYSE:BHI) Ratings Coverage
Out of 25 analysts covering Baker Hughes Incorporated (NYSE:BHI), 16 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 64% are positive. Baker Hughes Incorporated has been the topic of 55 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, February 8. The rating was upgraded by Cowen & Co to “Outperform” on Wednesday, October 26. The firm has “Buy” rating by DA Davidson given on Friday, February 19. As per Friday, July 29, the company rating was maintained by Jefferies. Jefferies downgraded the stock to “Underperform” rating in Friday, April 8 report. Deutsche Bank maintained Baker Hughes Incorporated (NYSE:BHI) rating on Monday, May 2. Deutsche Bank has “Hold” rating and $40 price target. The company was upgraded on Thursday, December 3 by Seaport Global. The stock of Baker Hughes Incorporated (NYSE:BHI) earned “Buy” rating by Argus Research on Tuesday, August 9. Stephens downgraded Baker Hughes Incorporated (NYSE:BHI) on Thursday, April 28 to “Equal-Weight” rating. As per Tuesday, November 1, the company rating was upgraded by Atlantic Securities.
According to Zacks Investment Research, “Baker Hughes Inc. is engaged in the oilfield and process industries. 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 conducts certain of its operations through joint ventures, partnerships or alliances.”
Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.11, from 0.93 in 2016Q1. The ratio increased, as 86 funds sold all Baker Hughes Incorporated shares owned while 197 reduced positions. 83 funds bought stakes while 181 increased positions. They now own 371.39 million shares or 0.31% less from 372.55 million shares in 2016Q1.
Gabelli Funds Ltd Com has invested 0.02% of its portfolio in Baker Hughes Incorporated (NYSE:BHI). Ncm Capital Advisers accumulated 71 shares or 0.01% of the stock. Westpac Bk Corp accumulated 0% or 131,135 shares. Clough Capital Prtnrs Ltd Partnership holds 0.24% or 101,100 shares in its portfolio. Havens Advisors Limited Liability Corp holds 0.51% or 14,845 shares in its portfolio. Teachers holds 2.14M shares or 0.17% of its portfolio. Gotham Asset Mgmt Limited Liability Corporation last reported 31,877 shares in the company. Norinchukin Bancshares The accumulated 0.03% or 22,970 shares. Raymond James Ser Advisors Inc has 68,568 shares for 0.03% of their US portfolio. Phocas Fincl, a California-based fund reported 73,525 shares. Ibm Retirement Fund has 57,306 shares for 0.1% of their US portfolio. Brown Advisory last reported 4,810 shares in the company. River Mercantile Asset Mgmt Llp last reported 1.37% of its portfolio in the stock. Deutsche Bancorp Ag has 0.05% invested in the company for 1.72 million shares. Stephens Investment Group Inc Ltd Liability Co accumulated 198,172 shares or 0.29% of the stock.
Insider Transactions: Since June 1, 2016, the stock had 1 buy, and 7 insider sales for $1.27 million net activity. Another trade for 15,000 shares valued at $871,305 was made by Chariag Belgacem on Wednesday, November 9. $5.00 million worth of Baker Hughes Incorporated (NYSE:BHI) was bought by BRENNEMAN GREGORY D. 25,999 shares with value of $1.32 million were sold by CRAIN ALAN R JR on Tuesday, August 16. MARSH WILLIAM D sold $233,515 worth of stock. KEIFER ALAN J sold $918,787 worth of stock or 17,434 shares. $784,550 worth of Baker Hughes Incorporated (NYSE:BHI) was sold by Nouh Khalid M on Friday, June 3.
Another recent and important Baker Hughes Incorporated (NYSE:BHI) news was published by Streetinsider.com which published an article titled: “Baker Hughes (BHI), CSL Capital, Goldman’s (GS) WSEP to Form Pure-Play Land …” on November 29, 2016.
BHI Company Profile
Baker Hughes Incorporated, incorporated on November 3, 1986, is engaged in the oilfield services industry. The Firm is a supplier of oilfield services, products, technology and systems in the oil and natural gas industry around the world. The Firm also provides industrial services and products for other businesses, including downstream chemicals, and process and pipeline services. It conducts its activities through its subsidiaries, affiliates, ventures and alliances. The Firm has four geographical operating divisions: North America, Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Firm also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.