November 25, 2016 - By Linda Rogers · 0 Comments
Baker Hughes Inc (NYSE:BHI) institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.11, from 0.93 in 2016Q1. The ratio improved, as 264 active investment managers started new and increased stock positions, while 283 decreased and sold their stock positions in Baker Hughes Inc. The active investment managers in our partner’s database now possess: 371.39 million shares, down from 372.55 million shares in 2016Q1. Also, the number of active investment managers holding Baker Hughes Inc in their top 10 stock positions was flat from 8 to 8 for the same number . Sold All: 86 Reduced: 197 Increased: 181 New Position: 83.
Baker Hughes Incorporated is engaged in the oilfield services industry. The company has a market cap of $26.01 billion. The Firm is a supplier of oilfield services, products, technology and systems used in the oil and natural gas industry around the world. It currently has negative earnings. The Firm also provides industrial services and products for other businesses, including downstream chemicals, and process and pipeline services.
About 89,138 shares traded hands. Baker Hughes Incorporated (NYSE:BHI) has risen 33.53% since April 22, 2016 and is uptrending. It has outperformed by 28.13% the S&P500.
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.
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.”
Valueact Holdings L.P. holds 15.93% of its portfolio in Baker Hughes Incorporated for 38.89 million shares. Arosa Capital Management Lp owns 1.11 million shares or 6.11% of their US portfolio. Moreover, Poplar Forest Capital Llc has 4.02% invested in the company for 957,317 shares. The Texas-based Energy Opportunities Capital Management Llc has invested 3.77% in the stock. Viking Fund Management Llc, a North Dakota-based fund reported 460,000 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider purchase, and 9 sales for $248,681 net activity.
Ratings analysis reveals 64% of Baker Hughes Incorporated’s analysts are positive. Out of 25 Wall Street analysts rating Baker Hughes Incorporated, 16 give it “Buy”, 0 “Sell” rating, while 9 recommend “Hold”. The lowest target is $34 while the high is $81. The stock’s average target of $55.02 is -9.95% below today’s ($61.1) share price. BHI was included in 55 notes of analysts from July 22, 2015. The rating was maintained by Jefferies on Friday, July 29 with “Hold”. The rating was maintained by Citigroup with “Buy” on Monday, October 5. The stock of Baker Hughes Incorporated (NYSE:BHI) has “Buy” rating given on Friday, February 19 by DA Davidson. The rating was upgraded by Argus Research to “Buy” on Thursday, October 22. On Thursday, April 28 the stock rating was downgraded by iBERIA Capital Partners to “Sector Perform”. The firm has “Neutral” rating by Atlantic Securities given on Tuesday, November 1. The firm has “Hold” rating by Deutsche Bank given on Wednesday, April 6. The firm earned “Buy” rating on Wednesday, August 31 by Citigroup. As per Wednesday, July 13, the company rating was maintained by Citigroup. Morgan Stanley downgraded Baker Hughes Incorporated (NYSE:BHI) rating on Monday, February 8. Morgan Stanley has “Equal-Weight” rating and $47 price target.
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.
Another recent and important Baker Hughes Incorporated (NYSE:BHI) news was published by Etfdailynews.com which published an article titled: “GE, Baker Hughes Merge Oil & Gas Businesses” on October 31, 2016.
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By Linda Rogers