|Bid||0.00 x 3100|
|Ask||0.00 x 800|
|Day's Range||32.08 - 32.49|
|52 Week Range||25.53 - 38.10|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 20, 2018|
|Forward Dividend & Yield||0.72 (2.14%)|
|1y Target Est||37.64|
The overhaul at U.S. industrial giant General Electric Co is not a constraint for its aviation arm, "in fact I feel it's the very opposite," the head of GE Aviation said on Monday. Following a year-long strategic review, GE said last month it would spin off its healthcare business and divest its stake in oil-services firm Baker Hughes, effectively breaking up the 126-year-old conglomerate. "The changes in GE unlock if anything more capability out of GE Aviation.
The U.S. and Canadian rig counts inched higher this week as oil markets have become increasingly volatile as a result of supply disruptions and unexpected geopolitical events
MARKET PULSE Baker Hughes (bhge) on Friday reported that the number of active U.S. rigs drilling for oil was flat at 863 this week. That climb followed a rise of five last week. The total active U.S. rig count, which includes oil and natural-gas rigs, increased by 2 to 1,054, according to Baker Hughes.
On July 11, the EIA (U.S. Energy Information Administration) released its weekly crude oil inventory report. The EIA reported that US crude oil inventories decreased by 12.6 MMbbls (million barrels) to 405.3 MMbbls on June 29–July 6—the largest weekly decline since September 2, 2016. The inventories are also near the lowest level since February 20, 2015. The inventories dropped by 90 MMbbls or 18.2% year-over-year. A Reuters survey estimated that US crude oil inventories could have declined by 4.5 MMbbls on June 29—July 6.
In this article, we’ll look at Wall Street analysts’ forecasts for Baker Hughes, a GE Company (BHGE) before its Q2 2018 earnings. Analysts’ rating for Baker Hughes, a GE Company
Brent crude, however, inched higher, finding continued support from production disruptions in Libya and Venezuela. August West Texas Intermediate crude (CLQ18.NYM), the U.S. benchmark, traded flat at $73.80 a barrel on the New York Mercantile Exchange, after tapping an intraday low of $72.99.On Friday, WTI oil shed 0.5% for week. September Brent crude (IFEU:LCO=F) added $1, or 1.3%, to $78.11 a barrel on the ICE Futures Europe exchange, after closing on Friday with a weekly slide of 2.7%.
Short interest in Baker Hughes (BHGE) as a percentage of its float was 5.2% as of July 5, 2018, compared to 3.4% as of July 5, 2017. Since July 5, 2017, short interest in BHGE has doubled. So, investors have increased negative bets on BHGE in the past year. During the same period, BHGE’s stock price has decreased ~10%. Short interest in Baker Hughes’s peers
Baker Hughes’s (BHGE) one-year returns were -10% as of July 5. In comparison, since July 6, 2017, the Energy Select Sector SPDR ETF (XLE) has risen ~17%. XLE tracks an index of US energy companies. The VanEck Vectors Oil Services ETF (OIH) witnessed 6% one-year returns. OIH tracks an index of 25 oilfield equipment and services (or OFS) companies. So, BHGE underperformed XLE and OIH in the past one year. The SPDR S&P Oil & Gas Equipment & Services ETF (XES) increased 11% in the past year. XES provides exposure to the oil and gas equipment and services segment of the energy industry. ...
From Q1 2017 to Q1 2018, the upstream companies constituting the Energy Select Sector SPDR ETF (XLE) boosted capex by 8% in aggregate. XLE tracks an index of US energy companies in the S&P 500 Index. By the end of the second quarter, crude oil prices had risen 14% compared to the beginning of the quarter. Higher crude oil prices can lead to higher exploration and production activity by upstream producers, which in turn, can boost revenues of oilfield services companies like Baker Hughes (BHGE) in Q2 2018. BHGE’s EBITDA margin
Baker Hughes, a GE company announced today that the Baker Hughes international rig count for June 2018 was 959, down 8 from the 967 counted in May 2018, and down 1 from the 960 counted in June 2017.
On a combined business basis, from Q1 2017 to Q1 2018, Baker Hughes’s (BHGE) Oilfield Services segment saw 12% higher revenues, followed by digital solutions with 4.4% revenue growth. On the other hand, its Oilfield Equipment and Turbomachinery & Process Solutions segments witnessed revenue declines of 7.3% and 11.2%, respectively, year-over-year in the first quarter. The Oilfield Services segment was the highest revenue contributor of ~50% of BHGE’s Q1 2018 revenues, followed by the Turbomachinery & Process Solutions segment with growth of 27%.
Oil prices were mixed on Friday, July 6, as world benchmark Brent slipped on trade tensions while U.S. crude rose even though explorers added rigs. Gas rigs remained unchanged at 187, and Miscellaneous rigs held steady at two, bringing the overall total U.S. rig count to 1,052. Futures of the U.S. crude benchmark, West Texas Intermediate, for August delivery rose 1.2% to $73.78 a barrel, while Brent crude tumbled 0.4% to $77.09 at 3:00 p.m. New York time.
MARKET PULSE U.S. oil prices climbed Friday but still ended with a loss for the week, pressured by signs of rising domestic crude inventories. The Energy Information Administration on Thursday reported that U.
The number of rigs drilling for oil in the U.S. rose by five in the past week to 863, according to oil-field services company Baker Hughes, a GE company.
MARKET PULSE Baker Hughes (bhge) on Friday reported that the number of active U.S. rigs drilling for oil rose by 5 to 863 this week. That climb followed two straight weeks of declines. The total active U.
In this part, we’ll analyze the top percentage gainers from the oilfield services sector in the US for the current week. To compile the list of top oilfield services gainers, we used oilfield services companies with a market capitalization of over $100 million and an average volume of over 100,000 shares last week. In the week starting July 2, Archrock (AROC) is at the top of the list of gainers from the oilfield services group.
BP plc (BP) will buy an electric vehicle firm. Meanwhile, Baker Hughes, a GE Company (BHGE) is set to become a stand-alone entity, while EQT Corporation (EQT) will sell some non-core properties.
Approximately 44% of the Wall Street analysts tracking Baker Hughes rated it as a “buy” or some equivalent as of June 26. Approximately 56% of the sell-side analysts rated the company as a “hold,” while none of the analysts recommended a “sell” or some equivalent.
As of June 26, the short interest in Baker Hughes, a GE Company (BHGE), as a percentage of its float was 5.3%—compared to 3.2% as of June 26, 2017. Since June 26, 2017, the short interest in Baker Hughes has increased 66%. So, investors increased the negative bets on Baker Hughes in the past year. Baker Hughes’s stock price has decreased 11% in the past year.
Follow Up: GE’s Plan | Follow Up: GE’s Bonds | Dow Indicator | Preview Oil prices are at multiyear highs, and energy stocks were the second quarter’s top sector, marking their biggest quarterly gain since 2011. Equity analyst, Morgan Stanley “Energy generally starts to outperform ahead of an equity-market peak and continue leading…early [in] the recession. In three of the last four cycles, energy started to outperform just ahead of a peak in the Conference Board Leading Economic Index, and outperformed by an average of 22% over the next 12 months.” Senior analyst, Wells Fargo Securities “We continue to heavily favor ‘defensive value’ stocks.…Our top four picks remain TechnipFMC , Baker Hughes , Weatherford International , and Schlumberger.” Chief market strategist, Tigress Financial Intelligence “Unfortunately, near-term concerns have caused the recent spike in oil prices.