New Baker Hughes posts $104M loss under GE

Baker Hughes, a GE company, had seen growth in the booming USA shale market, but new Baker Hughes Chairman and CEO Lorenzo Simonelli cited a "deceleration" in the third quarter with the US land rig count up just 6 percent in the quarter, versus 40 percent for the full year. Following the completion of the sale, the vice president now directly owns 76,768 shares of the company's stock, valued at approximately $4,459,453.12.

Earnings, adjusted for non-recurring costs, came to 5 cents per share. This represents a $0.68 annualized dividend and a dividend yield of 1.15%. Looking back over the last month, shares have performed -9.60%. Based in USA, Baker Hughes, a GE company has a market cap of 38.92B. Over the last five days, shares have faced -1.72% losses and now is down -13.52% since hitting its 200-day moving average of $45.59.

It has been a long while for Baker Hughes, a GE company, since its IPO date on 6/30/2017. Aperio Group LLC now owns 211,193 shares of the oilfield services provider's stock valued at $11,512,000 after buying an additional 8,209 shares in the last quarter. The ability for Baker Hughes, a GE company to pay these debts is as follows; current ratio is 3.7 and quick ratio comes to 2.9.

Stock analysts at UBS AG began coverage on shares of Baker Hughes A GE Co (NYSE:BHI) in a research note issued to investors on Thursday. Finally, Stevens Capital Management LP acquired a new stake in shares of Baker Hughes A GE in the second quarter valued at about $9,405,000.

BHI has been the subject of a number of recent research reports.

HSBC added BHGE to its research portfolio setting a rating of "Buy". BMO Capital Markets reiterated a "hold" rating and issued a $65.00 price target on shares of Baker Hughes A GE in a research note on Thursday, June 22nd.

It will be interesting to see how Baker Hughes, a GE company does in the future, and for investors alike.

Heading into the earnings release, covering sell-side analysts have a consensus target price of $46.11 on Baker Hughes, a GE company shares. The first trade took place at $33.84 and the stock went up 0.03% to attain the closing price of $33.8. The company presently has an average rating of "Buy" and an average target price of $54.76.

TRADEMARK VIOLATION WARNING: This article was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another website, it was stolen and republished in violation of United States & worldwide copyright law.

General Electric Co (N:) on Friday reported a 14.4 percent rise in revenue, aided by the acquisition of oilfield services provider Baker Hughes (N:), but profit fell in the quarter. The Company is a provider of integrated oilfield products, services and digital solutions.

Like this


20 October 2017
Voya Financial, Inc. (VOYA), Skechers USA, Inc. (SKX)
Seven Eight Capital LP acquired a new stake in shares of Skechers U.S.A. during the 2nd quarter valued at approximately $105,000. Increasing profits are the best indication that a company can pay dividends and that the share price will trend upward.

20 October 2017
Brown hails ´exceptional´ Simmons after 76ers debut
All of the reports prior to the season opener were that Embiid would likely play less than 20 minutes. Here's a look at three takeaways from their season-opening victory. "To me", he said, "it's all fun".

20 October 2017
Philippe Coutinho January Move Discussed by CEO
Apparently Coutinho agreed to play in the Champions League so long as he could get his move to Barcelona in January. According to the Catalan paper Kia Joorabchian will meet executives of Liverpool in the coming days.

20 October 2017
MobileIron, Inc. (MOBL) Downgraded to "In-Line" at Imperial Capital
The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.08. Hedge funds and other institutional investors own 54.87% of the company's stock. 1,623,725 shares of the company were exchanged.

20 October 2017
LaMarcus Aldridge Was Open To Trade From Spurs
How They Beat The Celtics: The Spurs won both games against the Celtics past year , although they each went down to the wire. This is a different Wolves team anyway, with the addition of Jimmy Butler , things are looking bright for them.

20 October 2017
USA stocks slip but Dow Jones holds above 23000
The other high-flying FAANG stocks, Amazon, Facebook, Alphabet and Netflix were down between 1.2 per cent and 1.6 per cent. Among the few gainers in the tech sector was Adobe, which jumped 9 per cent after it gave a strong 2018 profit forecast.

20 October 2017
Paul Ryan Hilariously Roasted Donald Trump During The Al Smith Dinner
At the time, Trump drew boos when he said of Clinton, "Here she is tonight, in public, pretending not to hate Catholics". House Speaker Paul Ryan opened his speech at the Al Smith Dinner here with a joke about President Donald Trump .

20 October 2017
National Pension Service Modifies Its Ownership in Ford Motor Company (F) Stock
The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations. COPYRIGHT VIOLATION WARNING: This story was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal.

20 October 2017
WH Chief of Staff Kelly 'disgusted' by politicized military deaths
Kelly also made his remarks personal, discussing the trauma he experienced after learning that his son, Second Lt. Trump phoned Johnson's grieving widow, and the call was overheard by Congresswoman Frederica Wilson , of Florida.

20 October 2017
Steven Gerrard 'could not believe' Nemanja Matic move
The Red Devils are now in second place in the Premier League table and two points behind leaders Manchester City in the top flight.