21.99 0.00 (0.00%)
After hours: 4:31PM EDT
|Bid||21.97 x 1200|
|Ask||21.98 x 1400|
|Day's Range||21.95 - 22.41|
|52 Week Range||20.09 - 31.26|
|Beta (3Y Monthly)||0.92|
|PE Ratio (TTM)||64.30|
|Earnings Date||Oct 30, 2019|
|Forward Dividend & Yield||0.72 (3.23%)|
|1y Target Est||29.16|
Although weak oil pricing and conservative capital spending by US explorers might have acted as headwinds in Q3, rising rig count in international market may have lent support to oilfield service.
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by two to 712 this week. That followed declines in each of the last seven weeks. The total active U.S. rig count, meanwhile, also edged up by one to 856, according to Baker Hughes. November West Texas Intermediate crude was up 81 cents, or 1.5%, at $54.36 a barrel.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have gone over 730 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Successful investors are always balancing risk and reward depending on their own personal risk tolerance. One common metric used to gauge risk is price-to-book ratio, or P/B. A company’s book value is ...
Baker Hughes, a GE company announced today that the Baker Hughes international rig count for September 2019 was 1,131, down 7 from the 1,138 counted in August 2019, and up 127 from the 1,004 counted in September 2018.
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil fell by three to 710 this week. That followed declines in each of the last six weeks. The total active U.S. rig count, meanwhile, also fell by five to 855, according to Baker Hughes. November West Texas Intermediate crude was down 6 cents, or 0.1%, at $52.39 a barrel.
The Zacks Analyst Blog Highlights: GE company, Halliburton Company, Schlumberger, Diamond Offshore Drilling and Transocean
Domestic drillers may continue to lower rigs in the oil patches as they have a conservative capital budget for 2019 and the crude pricing scenario is weak.
Baker Hughes, a GE company will hold a webcast on Wednesday, October 30, 2019 to discuss the results for the third quarter ending September 30, 2019. The webcast is scheduled to begin at 9:00 a.m.
Oil futures fell on Friday, with worries about a slowdown in energy demand pressuring prices as traders weighed a spate of reports. The headlines spanned easing tensions between Saudi Arabia and Yemen to developments tied to U.S. sanctions on Iran and, lastly, the White House's consideration of limiting U.S. portfolio flows into China. Baker Hughes , meanwhile, announced that the number of active U.S. oil and gas rigs declined to 860, which is lowest since April 2017, said Manish Raj, chief financial officer at Velandera Energy Partners. November West Texas Intermediate oil fell 50 cents, or 0.9%, to end at $55.91 a barrel on the New York Mercantile Exchange, losing 3.8% for the week.
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil fell by six to 713 this week. That followed declines in each of the last five weeks. The total active U.S. rig count, meanwhile, also fell by eight to 860, according to Baker Hughes. The total count was the lowest since April 2017, according to Manish Raj, chief financial officer at Velandera Energy Partners. "The continued declining U.S. rig count illustrates the gravity of depressed oilfield activity and dire situation of shale drillers," he told MarketWatch. November West Texas Intermediate crude was down 69 cents, or 1.2%, at $55.72 a barrel.
Baker Hughes, a GE company (BHGE) and Ocean Installer AS announced today that Vår Energi AS has awarded BHGE and Norwegian subsea contractor Ocean Installer a subsea contract for the engineering, procurement, construction and installation (EPCI) of subsea systems and associated services for the Balder X project on the Norwegian Continental Shelf (NCS).
Natural gas company Tellurian (TELL) signed an MOU with India's Petronet to sell 18% stake in its proposed Driftwood LNG terminal and export 5 million tons of LNG a year from it for 40 years.
Despite the lackluster start to Monday's action, the bulls staged a respectable recovery effort. By the time yesterday's closing bell rang, however, those buyers were backing down. The S&P 500 essentially broke even in yesterday's session.Source: Shutterstock Overstock.com (NASDAQ:OSTK) is arguably the reason stocks couldn't log a gain on Monday. Although not a particularly large company, the particularly large loss of 25% it booked yesterday still proved to be dead weight. The announcement of a new CEO and his subsequent contraction of the company's EBITDA guidance rattled investors. At the other end of the spectrum, Advanced Micro Devices (NASDAQ:AMD) rallied 2%. With considerably more decliners than advancers though, that move just wasn't enough. * 7 Stocks to Buy Under $10 Headed into Tuesday's session, it's the stock charts of Gilead Sciences (NASDAQ:GILD), Jefferies Financial Group (NYSE:JEF) and Baker Hughes a GE Co. (NYSE:BHGE) that deserve a more detailed inspection. Here's what's most noteworthy.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Baker Hughes a GE Co. (BHGE)All oil and gas stocks are tricky to trade, impacted not just by demand for fuel, but impacted by changes in supply as well. Throw on the political aspects of crude pricing, and anything goes.Still, energy stock charts are subject to the same interpretations other charts are. That's also true of Baker Hughes, and even at a time when its partial-parent company General Electric (NYSE:GE) is severing its relationship with the oil and gas player. It's that event, in fact, that's driving the finality of an event that has been taking shape for some time now. * Click to EnlargeThe falling resistance line that's ultimately responsible for the weakness since the middle of last year, plotted as a blue dashed line on both stock charts, is under pressure again. * Although that technical ceiling has been tested before, resulting in lower lows, since the low around $20.50 was made late last year that level appears to have become a more absolute floor. * Simultaneously, Baker Hughes shares are once again testing the technical resistance of the 200-day moving average line, marked in white on both stock charts. The struggle to clear it is actually encouraging. Gilead Sciences (GILD)Gilead Sciences has been off and on our trading radar for months now. Just when it looks like it's going to break out, it falters. But, just when it looks like it's going to break down, it rebounds. The end results is a range-bound chart … a range that's narrowing.GILD stock, however, continues to inch closer to a breakout by virtue of (once again) testing the upper boundary of that narrowing trading range. Although still not over the hurdle, another test is coming this week. That test has something of a bullish edge. * It's subtle, but take note of the fact that the purple 50-day moving average line is close to crossing above the white 200-day moving average line after the two lines bearishly diverged last year. * We've seen it before to no avail, but this time, the amount of bullish volume seems to be a little more solid than usual. * The weekly chart is telling. A long-standing falling resistance line plotted in purple is bearing down on a couple of rising support levels, plotted in blue and yellow. With little room left to roam, support and resistance will soon force a move outside of the range that's in play. Jefferies Financial Group (JEF)Contrary to the common assumption, a reversal of a stock chart isn't necessarily a singular even. Sometimes it's a process that can take shape over time, and requires several repeated efforts to shrug off the old trend and start a new one.That may be what's happening with Jefferies Financial Group shares right now. Last year's bearishness hasn't been perfectly and completely supplanted by new bullishness. But, the wide swings are now starting to force some higher highs and higher lows. It has also started to happen with decided support that bodes well from here. * Click to EnlargeIt's difficult to see given all the volatility since late last year. But, the re-convergence of all the key moving average lines beginning last month ends last year's bearish divergence. * Yesterday's action is also more meaningful than it may seem on the surface. The gain, which took shape on a tepid day for the market, was spurred by support at the white 200-day line and unfurled on huge volume. * Zooming out to the weekly timeframe, much-needed help for the budding uptrend can be seen. Although not perfect, a rising support line marked in yellow has materialized, giving the bulls something to latch onto.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy Under $10 * 30 Marijuana Stocks to Buy as the Future Turns Green * 7 Consumer Stocks Ready to Rally Hard The post 3 Big Stock Charts for Tuesday: Baker Hughes, Gilead Sciences and Jefferies Financial Group appeared first on InvestorPlace.
As the S&P 500 trades near record highs in 2019, Goldman Sachs says that a select group of reasonably priced, high-ROE growth stocks will lead the market in the coming months. Goldman says this superior performance will occur despite major pressure on ROE at most companies. "While stocks with low volatility and strong balance sheets still trade more than 2 standard deviations expensive relative to the past 10 years, stocks with high returns on capital carry more reasonable valuations," said Goldman in its latest US Weekly Kickstart report.
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil fell by 14 to 719 this week. That followed declines in each of the last four weeks. The total active U.S. rig count, meanwhile, also fell by 18 to 868, according to Baker Hughes. October West Texas Intermediate crude was up 83 cents, or 1.4%, at $58.96 a barrel.
Hydrostor, a leading developer of Advanced Compressed Air Energy Storage (A-CAES) projects, announced today the closing of US$37 million (C$49 million) in growth financing. RBC Capital Markets acted as Hydrostor’s advisor on the transaction. Meridiam, the global developer, asset and fund manager specializing in sustainable infrastructure and energy transition projects, has formed a strategic partnership to support the origination and development of Hydrostor projects.
Baker Hughes (BHGE) will eliminate references of General Electric Company (GE) from its name as the U.S. industrial conglomerate has lowered its ownership stake in the oilfield service firm.
Midstream biggie Energy Transfer (ET) said on Monday it would buy SemGroup (SEMG) for $5.1 billion. Meanwhile, supermajor ExxonMobil (XOM) confirmed its 14th oil discovery off the coast of Guyana.
Equity investors seeking to profit from rising oil prices amid escalating violence in the Middle East should focus on eight energy stocks and suppliers that are uniquely positioned to outperform. Stocks that could see the biggest sustained gains include energy producers Brigham Minerals Inc. (MNRL), Murphy Oil Corp. (MUR), Pioneer Natural Resources Co. (PXD), and EOG Resources Inc. (EOG). Also poised to benefit are energy industry suppliers such as valve and seal maker Flowserve Corp. (FLS), compressor maker Gardner Denver Holdings Inc. (GDI), valve maker Circor International Inc. (CIR), and General Electric Co. (GE), which owns 40% stake in Baker Hughes (BHGE).
Baker Hughes a GE Co. said Monday it closed a secondary offering of 132.25 million Class A shares by General Electric Co. and certain affiliates at a price of $21.50 a share. The oilfield products song said it also repurchased 11.9 million shares of Class B voting from "one or more" of GE and its affiliates, which means GE now holds less than half of the voting power of the company. Baker Hughes stock jumped 2.2% in morning trading, while GE shares edged up 0.1%. Baker Hughes said the deal reduces the number of individuals GE is entitled to designate to Baker Hughes' board to one from five. And Baker Hughes plans to change its corporate name to Baker Hughes Co., with the ticker symbol for the Class A shares to change to "BKR." Baker Hughes stock has gained 4.9% over the past three months, while GE shares have shed 8.6% and the Dow Jones Industrial Average has gained 3.8%.