U.S. rig count down 1 this week to 568; NM loses 1

U.S. rig count down 1 this week to 568; NM loses 1

The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. BHI's value Change from Open was at 0.53% with a Gap of -0.28%.

Baker Hughes Incorporated (NYSE:BHI) belongs to Oils-Energy sector closed its last session with a gain of 0.1 percent and closed its previous trading session at $61.23. The firm's 50-day moving average price is $54.41 and its 200 day moving average price is $48.99. The market cap landed at $26.33B. Baker Hughes had a negative net margin of 30.97% and a negative return on equity of 5.07%.

Revenue is expected to range from 92.82 Billion to 92.82 Billion with an average of 92.82 Billion. The company had revenue of $2353.00 million for the quarter, compared to analysts expectations of $2415.87 million. Equities research analysts anticipate that Baker Hughes Inc. will post ($1.61) EPS for the current year. It has a dividend yield of 1.11%.

Chariag Belgacem; Vice President of Baker Hughes Incorporated sold 15000 shares worth of $871305 in a transaction dated on 01 Nov 2009.

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Many Wall Street Analysts have commented on Baker Hughes Incorporated. Baker Hughes Incorporated has 52-Week high of $62.16 and 52-Week Low of $37.58. Loop Capital initiated coverage on shares of Baker Hughes in a research report on Friday, September 30th. Finally, Stephens upgraded Baker Hughes from an equal weight rating to an overweight rating in a report on Tuesday, October 25th. And a quick view of analyst notes show that 12 are rating the stock a buy while 10 rate BHI a strong buy. 0 analysts assign "Sell" rating for the stock.

Other Hedge Funds, Including, Mcf Advisors reduced its stake in BHI by selling 243 shares or 10.13% in the most recent quarter. Cornerstone Advisors Inc. increased its stake in Baker Hughes by 389.5% in the third quarter. Legal & General Group Plc increased its stake in shares of Baker Hughes by 5.2% in the first quarter.

This company was Downgrade by Raymond James on 1-Nov-16 to Outperform. Retirement Systems of Alabama increased its stake in shares of Baker Hughes by 25.0% in the second quarter.

Houston oilfield services company Baker Hughes Inc. said Friday that 471 rigs sought oil and 116 explored for natural gas this week. The company's products and services reflect a number of core capabilities, including medical information management, health benefit administration, care coordination, risk assessment and pricing, health benefit design and provider contracting.

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