BHI - Baker Hughes Incorporated

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52 Week Range0.05 - 0.06
Avg. Volume4,652,153
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  • Reuterslast month

    Baker Hughes, GE fall after offering priced at discount

    The 92 million shares of Baker Hughes for sale by GE was priced at $23.00, below the stock's $23.81 closing price on Tuesday, and came a day earlier than planned. GE, which is struggling to rebuild its industrial businesses, said on Tuesday it would sell a portion of its stake in Baker Hughes to repay debt. GE will be able to raise nearly $4 billion from the sale if underwriters exercise options to buy an additional 9.2 million shares, with Baker Hughes repurchasing another 65 million shares in a private transaction at a maximum aggregate of $1.5 billion.

  • Quartzlast month

    Hidden indicator? Execs aren’t saying “peak” on earnings calls as much as before

    Corporate America has peaked. More precisely, execs at large US companies aren’t talking about “peaks”—peak sales, peak credit, peak oil, peak anything—as much as they used to on earnings calls and presentations. On a rolling annual basis, peak “peak” peaked late last year, according to a transcript search via Sentieo. In just the past few…

  • CNBC2 months ago

    Saudi Arabia hails multibillion-dollar deals, as fallout from Khashoggi's killing continues

    Saudi Arabia is trying to drown out the noise surrounding journalist Jamal Khashoggi's death by hailing multibillion-dollar business deals this week.

  • Best Energy ETFs & Stocks of Last Week
    Zacks4 months ago

    Best Energy ETFs & Stocks of Last Week

    The energy sector enjoyed a strong surge last week as oil price recorded its weekly gain in two months ending their longest run of weekly losses since 2015.

  • InvestorPlace5 months ago

    Schlumberger Meets Estimates, Expects Continued Profit Growth

    Schlumberger (NYSE:SLB) met expectations in its second-quarter earnings report. The world’s largest oilfield services firm grew both earnings and revenue as exploration and production (E&P) begins its climb from the recent slump in oil prices. Despite increasing SLB earnings, Schlumberger’s stock still trades near multi-year lows.

  • Baker Hughes second quarter profit misses estimate; outlook upbeat
    Reuters5 months ago

    Baker Hughes second quarter profit misses estimate; outlook upbeat

    Baker Hughes, General Electric Co's oilfield services arm, on Friday reported a slight profit miss on weaker revenues in its oilfield equipment and turbomachinery businesses, but delivered an upbeat outlook for the second half of the year. Revenue from its oilfield equipment business, which includes deepwater drilling, fell 9.4 percent to $617 million in the second quarter, missing analysts' estimate of $648.2 million. "North American production is increasing as operators grow rig and well counts, and we are seeing signs of increasing international activity in some geomarkets," Chief Executive Officer Lorenzo Simonelli said.

  • Reuters6 months ago

    The culture clash behind GE's quick exit from Baker Hughes stake

    When General Electric Co (GE.N) bought oilfield services giant Baker Hughes last July, it created a global industry colossus with $22 billion in annual revenue. GE promised to digitalize oilfields worldwide, marrying its expertise in big data, analytical software and subsea equipment with Baker Hughes' experience in drilling services, chemicals and tools. The retreat comes amid slipping market share, management missteps and culture clashes that have unsettled employees and frustrated suppliers and customers, according to data reviewed by Reuters and interviews with more than 30 employees, former employees, recruiters, analysts, suppliers and customers.

  • Baker Hughes explores sale of gas metering business - sources
    Reuters8 months ago

    Baker Hughes explores sale of gas metering business - sources

    Oilfield services firms are seeking to tighten their focus to their core operations, as oil prices continue their recovery from their January 2016 lows. Baker Hughes' unit for sale, which makes sensors and monitors for industrial clients such as petrochemical makers and power generators, is expected to attract interest from other manufacturers of such devices, according to one of the sources.

  • Reuters8 months ago

    Baker Hughes, GE sign contract with Iraq to process natural gas at two fields

    Baker Hughes and General Electric signed a contract with Iraq's government on Monday to process natural gas extracted alongside crude oil at two fields in southern Iraq, the oil ministry said. The plan was first announced by GE last July and is part of Iraq's efforts to stop flaring gas associated with oil by 2021. Iraq continues to flare some of this gas because it lacks the facilities to process it into fuel for local consumption or exports.

  • Update: Permian Rig Counts and New Well Production
    Market Realist9 months ago

    Update: Permian Rig Counts and New Well Production

    Permian Still Integral to US Crude Oil Production Story

  • MLPs that Could Benefit from Strong Permian Growth
    Market Realist9 months ago

    MLPs that Could Benefit from Strong Permian Growth

    Key Update on Master Limited Partnerships

  • Reuters11 months ago

    GE's Baker Hughes adjusted profit beats on higher North America demand

    General Electric (GE.N) and Baker Hughes closed a merger of their oilfield services businesses in July, and Wednesday's report was the second combined earnings release for the newly formed company. GE's Baker Hughes reported revenue of $5.76 billion in the fourth quarter, up 7 percent sequentially but down 3 percent from a year ago on a combined basis. Excluding items, Baker Hughes earned 15 cents per share, beating analysts' average estimate by 1 cent.

  • Baker Hughes, a GE Company's Shares Didn't REALLY Drop 51% in 2017, but It Was Still a Bad Year
    Motley Fool11 months ago

    Baker Hughes, a GE Company's Shares Didn't REALLY Drop 51% in 2017, but It Was Still a Bad Year

    The merger between Baker Hughes and GE's oil and gas assets wasn't responsible for a 33% price decline by itself.

  • Should You Be Tempted To Sell Baker Hughes a GE company (NYSE:BHGE) Because Of Its PE Ratio?
    Simply Wall St.11 months ago

    Should You Be Tempted To Sell Baker Hughes a GE company (NYSE:BHGE) Because Of Its PE Ratio?

    Baker Hughes a GE company (NYSE:BHGE) is currently trading at a trailing P/E of 49.4x, which is higher than the industry average of 22.6x. Although some investors may jump toRead More...

  • Louisiana Sees Decline in Onshore & Offshore Rig Count
    Zacks11 months ago

    Louisiana Sees Decline in Onshore & Offshore Rig Count

    The total number of rigs, exploring oil and natural gas, fell for two weeks in a row.

  • Market Realist11 months ago

    Top 5 Oilfield Services Stocks for 4Q17 by Earnings Growth

    Analysts forecast NOV’s adjusted EPS (earnings per share) to be -$0.04 in 4Q17 compared to adjusted earnings of -$0.07 in 3Q17.

  • Associated Press11 months ago

    US rig count down by 5 to 924

    The number of rigs exploring for oil and natural gas in the U.S. declined by five this week to 924. That exceeds the 665 rigs that were active this time a year ago. Houston oilfield services company Baker ...

  • TheStreet.com11 months ago

    Baker Hughes Oil Rig Count Drops By 5

    Offshore rigs fell one day after the Trump administration said the U.S. will open up much of its offshore waters to drilling, reversing a Obama-era decision on the matter.

  • Market Realist11 months ago

    What Are the Trends in Rig Activity in the Eagle Ford?

    In the latest US rig count released by Baker Hughes (BHI), the number of active US rigs drilling for oil and gas stayed flat between December 15 and December 22 at 70.

  • Market Realistlast year

    The Lowest Free Cash Earner in Oilfield Services Industry in 3Q17

    Baker Hughes’s FCF was -$559.0 million in 3Q17, and it had been negative in six out of the past 13 quarters.