Economy

Baker Hughes posts loss, sees tough 4th quarter

Baker Hughes posts loss, sees tough 4th quarter”

Excluding certain items, profit was 5 cents a share, worse than the 11-cent gain in an average of 23 analysts' estimates compiled by Bloomberg.

Waratah Capital Advisors Ltd, which manages about $713.87M US Long portfolio, decreased its stake in Two Hbrs Invt Corp (NYSE:TWO) by 87,564 shares to 82,302 shares, valued at $816,000 in 2017Q2, according to the filing. With 2.21 million avg volume, 4 days are for Baker Hughes A GE Company Class (NYSE:BHGE)'s short sellers to cover BHGE's short positions.

Baker Hughes, a GE Company is an oil and gas company. The stock decreased 5.38% or $1.79 during the last trading session, reaching $31.47.

UBS AG began coverage on shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) in a research note issued to investors on Thursday, 247wallst.com reports. It has underperformed by 10.79% the S&P500.

Analysts await Helmerich & Payne, Inc.

That helped the company post a profit of 42 cents U.S. a share in the third quarter ended Sept 30, beating analysts' average estimates by five cents USA, according to Thomson Reuters I/B/E/S. Next year this growth will reach 116.67% to attain $1.17. About 415,690 shares traded. Stantec Inc. (TSE:STN) has 0.00% since October 24, 2016 and is. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company's stock. Therefore 25% are positive. Baker Hughes Incorporated had 75 analyst reports since July 22, 2015 according to SRatingsIntel. Skba Capital Management Llc sold 39,600 shares as Helmerich & Payne Inc (HP)'s stock declined 12.04%. As per Friday, June 30, the company rating was maintained by RBC Capital Markets.

For investors it's vital to know about both type of ownership about firm, as institutional ownership is the percentage of a stock's float owned by institutions such as mutual funds, pension funds and endowments. They issued a "buy" rating for the company. Raymond James maintained Stantec Inc. Howard Weil maintained the shares of BHI in report on Friday, July 29 with "Sector Outperform" rating. The firm earned "Mkt Perform" rating on Friday, December 2 by Bernstein. Scotia Capital maintained Stantec Inc. Janney Capital initiated it with "Buy" rating and $55 target in Tuesday, September 15 report. The stock volatility for the week was 2.89% while for the month was 2.31%. Public Sector Pension Investment Board now owns 4,611,365 shares of the oilfield services provider's stock worth $212,814,000 after buying an additional 3,396,600 shares during the last quarter. The stock's market cap is $27.92 billion. The Firm operates as a technology-focused energy services company. It has a 34.48 P/E ratio. The Company's products and services include upstream, midstream, downstream, industrial and digital.

Analysts have given a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Nippon Life Insur reported 0.02% in Baker Hughes A GE Co (NYSE:BHI). The firm has "Buy" rating by RBC Capital Markets given on Friday, August 11. Finally, Canal Capital Management LLC bought a new position in Baker Hughes, a GE company Class A during the 3rd quarter valued at approximately $274,000. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Argus Research has "Buy" rating and $78 target. The stock of Baker Hughes A GE Co (NYSE:BHI) has "Neutral" rating given on Wednesday, January 4 by Susquehanna. The firm has "Buy" rating given on Tuesday, May 3 by Nomura. The rating was maintained by BMO Capital Markets with "Hold" on Tuesday, September 5. On Thursday, April 28 the stock rating was maintained by Wedbush with "Outperform". Finally, Barclays PLC started coverage on Baker Hughes A GE in a report on Thursday, August 31st.



Like this

loading...
loading...

Latest


24 October 2017
Conte insists he is 'different' to his Chelsea predecessors
Today, the impact was incredible, important, and we must continue this way". "To overcome this makes you stronger", he said. The victory eased the pressure that has been building during a hard autumn for the Italian.

24 October 2017
New law adds smoking restrictions to vaping
It's the second e-cigarette bill signed by Cuomo in the last few months. "This measure closes another risky loophole in the law". The law also bans the use of e-cigarettes in any vehicle used to transport children or school personnel.

24 October 2017
Fire in Sachin Tendulkar's in-laws' Bandra flat brought under control
However, the cause of fire is yet to be determined as a statement from the fire department about the same is still awaited. The fire brigade pressed five fire tenders and water tankers to the building, which is located on Kadeshwari Mandir Marg.

24 October 2017
Arun Jaitley may make big announcements shortly; public sector banks' recapitalisation likely
Finance Secretary Ashok Lavasa said "effective and targeted Government spending is the main priority of the government". It also said that public sector banks will catalyse private investments.

24 October 2017
Torch Lit for PyeongChang Winter Olympics in Greece
Roughly 7,500 torchbearers are expected to run across nine provinces and eight major cities. Both the Greek hosts and Bach wholeheartedly wished great success to the PyeongChang Games.

24 October 2017
France, Egypt to discuss possible new Rafale aircrafts sale
President Sisi's agenda also includes meetings with high level French officials, including French Prime Minister Edouard Philippe. Mrs Jeannerod said: "President Macron should refuse to continue France's disgraceful policies of indulgence".

24 October 2017
Govt scraps penalty on delayed filing of GST returns for Aug, Sept
Taxpayers have been asked to file the summary GSTR-3B forms every month till January 2017. In August the number of returns filed were even lower at 29.7 lakh only.

24 October 2017
Woman captures flasher on video, cops nab him in 48 hrs
She filmed the act and handed over the clip to Government Railway Police (GRP) officials who arrested him early on Monday. The police is now gathering details of his background to ascertain if he has previous criminal cases.

24 October 2017
Joe Mixon wants more carries: 'It's frustrating'
That added to the 21-year-old's frustration. "I get it seven in the first half and then don't touch the ball again". I get it seven. "Get him the ball, let him do the rest of the work". "There's nothing else I can say", Mixon said.

24 October 2017
Microsoft drops lawsuit as United States government limits use of gag orders
A judge ruled earlier this year that Microsoft's lawsuit was allowed to continue, after the government sought to dismiss it. The new policy came after months of Microsoft working for change, both in its lawsuit and in public fora.