|Bid||21.04 x 1800|
|Ask||22.14 x 1800|
|Day's Range||21.77 - 22.75|
|52 Week Range||20.09 - 35.55|
|Beta (3Y Monthly)||0.78|
|PE Ratio (TTM)||65.73|
|Earnings Date||Jul 18, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||0.72 (3.00%)|
|1y Target Est||30.33|
The US drilling rig count fell 6 units, reaching 969 rigs working for the week ended June 14, according to Baker Hughes data. The count is down 90 units from the 1,059 rigs working this time a year ago.
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil fell by 1 to 788 this week. That followed a decline of 11 rigs last week. The total active U.S. rig count, meanwhile, decreased by 6 to 969, according to Baker Hughes. July West Texas Intermediate crude held onto its gains, up 43 cents, or 0.8%, at $52.71 a barrel.
The federal government's EIA report revealed that crude inventories rose by 2.2 million barrels for the week ending Jun 7 to a nearly 2-year high.
With the advent of advanced drilling technologies, oil producers are now competitive enough to produce higher volumes despite investing lower capital and employing lesser rigs.
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil fell by 11 to 789 this week. That followed a climb of 3 rigs last week. The total active U.S. rig count, meanwhile, declined by 9 to 975, according to Baker Hughes. July West Texas Intermediate crude held onto its gains, up $1.15, or 2.2%, at $53.74 a barrel.
HOUSTON & LONDON-- -- The Baker Hughes International Rig Count now includes active drilling rigs in Ukraine Baker Hughes, a GE company announced today that the Baker Hughes international rig count for May 2019 was 1,126, up 64 from the 1,062 counted in April 2019, and up 159 from the 967 counted in May 2018. The international offshore rig count for May 2019 was 240, down 11 from the 251 counted in ...
Although total rig count in the United States increases through the week till May 31, the tally may fall in the coming weeks owing to declining capital spending by U.S. explorers and a drop in oil prices.
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 3 to 800 this week. That followed declines over each of the last three weeks. The total active U.S. rig count, meanwhile, edged up by 1 to 984, according to Baker Hughes. July West Texas Intermediate crude fell further, down $1.85, or 3.3%, to $54.74 a barrel. It was at $54.87 shortly before the rig data.
Baker Hughes (BHGE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The tally for oil drilling rigs in the United States not only declines for three successive weeks, but also touches the lowest mark since March 2018.
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil fell by 5 to 797 this week. That followed declines over each of the last two weeks. The total active U.S. rig count, meanwhile, fell by 4 to 983, according to Baker Hughes. June West Texas Intermediate crude was up 39 cents, or 0.7%, to $58.30 a barrel. It was at $58.26 shortly before the rig data.
General Electric (NYSE:GE) stock, once among the most boring names in the Dow Jones Industrial Average, is now facing constant danger.Source: Shutterstock It met earnings guidance for the first quarter but its asset sale to Danaher (NYSE:DHR) may be in trouble. Fears over its pension liability may be overblown but it has a grim future.CEO Larry Culp is "the man for the job" but GE Power may take three years to recover.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGeneral Electric is a great name, and Culp did a fine job at his previous post running Danaher. But this turnaround may be a bridge too far, and do you really want your money tied up in it? Forget the Name General ElectricThere is romance attached to the name General Electric, and over 130 years of history. In analyzing the company, you need to forget the history, or you'll get lost.Let's call this company Culp Industries. * 6 Stocks to Buy for This Decade's Massive Megatrend Culp Industries is a conglomerate with a market cap of $84 billion. It has $107.5 billion in "borrowings," $36.8 billion of insurance liabilities and annuity benefits (from a failed effort in long-term-care insurance), and $32.9 billion in "non-current compensation and benefits" (mainly pensions). This leaves $35.2 billion for "shareholder equity" on the books, up from $31 billion a year ago.Culp Industries consists of several businesses, some of which are doing well and some of which are doing poorly. The Aviation, Healthcare and lending businesses are doing well. The oil and gas business made a little money. The problems are in the power and renewable energy units, which make turbines and related equipment.Culp can't sell the problem children because their value is negative. Closing them would take out $7 billion in revenue and do nothing to reduce those liabilities. The Danaher deal trims the size of the healthcare unit but brings in about $21 billion. Apply that $20 billion to the balance sheet and it takes just one-fifth of the debt. Questions for GE StockIt's the power unit that's taking the whole company down. Respected JPMorgan Chase analyst Stephen Tusa says Culp "appears to be stopping short of telling the whole story" about the unit, which is losing market share. Cash flow for the unit is now seen as "significantly negative." There are more negative data points. General Electric continues to lay off workers, quietly moving jobs to India. The healthcare unit's activities in Brazil could draw fines under the Foreign Corrupt Practices Act.Culp is doing everything he can, short of changing his company's name to Culp Industries, to make investors forget about the old General Electric. He's turning over the board and has dumped plans to build a glorious new headquarters in Boston. Instead, the company will rent space.I can't imagine anyone doing a better job with the hand he has been dealt than Larry Culp. He has moved decisively to reduce cash flow drain, focused on operations that are making money, and created a new attitude for GE stock.If the oil and gas unit, Baker Hughes (NYSE:BHGE), has a winner in its "electric fracking" equipment, more good news could be on the way. BHGE stock is doing better than rivals Schlumberger (NYSE:SLB) and Halliburton (NYSE:HAL), but its value is still down by more than one-third in the last year. The Bottom LineI wouldn't buy Culp Industries here. There are green shoots, the CEO is doing what he can, but an economic downturn could sink the company's big plans at any time -- even at $10 per share.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear , available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in JPM. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post General Electric Stock Is Full of Peril appeared first on InvestorPlace.
Top Oilfield Services Stocks: Changes in Institutional Ownership(Continued from Prior Part)Top transactionsTogether, the top ten institutional investors in Baker Hughes (BHGE) added 2.4 million shares to their positions in the stock during the first
Oil drilling rig count in the United States not only declines for two weeks in a row, but also touches the lowest mark since March 2018.
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil fell by 3 to 802 this week. That followed a decline of 2 rigs the previous week. The total active U.S. rig count, meanwhile, also fell by 1 to 987, according to Baker Hughes. June West Texas Intermediate crude fell 6 cents, or 0.1%, to $62.81 a barrel. It was at $62.76 shortly before the rig data.
Baker Hughes, a GE company announced today that the BHGE Board of Directors declared a cash dividend of $.18 per share of Class A common stock payable on May 31, 2019 to holders of record on May 21, 2019.
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil fell by 2 to 805 this week. That followed an increase of 2 oil rigs the previous week. The total active U.S. rig count, meanwhile, also fell by 2 to 988, according to Baker Hughes. June West Texas Intermediate crude climbed by 27 cents, or 0.4%, to $61.97 a barrel. It was little changed from shortly before the rig data.
KBR is set to provide engineering, procurement and construction management services for phase 1 of the Greater Tortue Ahmeyim Project.
The Zacks Analyst Blog Highlights: Verizon, Abbott, Illinois Tool Works, Moody's and Baker Hughes