|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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.
The merger between Baker Hughes and GE's oil and gas assets wasn't responsible for a 33% price decline by itself.
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...
Analysts forecast NOV’s adjusted EPS (earnings per share) to be -$0.04 in 4Q17 compared to adjusted earnings of -$0.07 in 3Q17.
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 ...
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.
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was down 5 to 742 this week. The oil-rig count had seen no changes over the previous two weeks. The total active U.S. ...
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.
You may not have heard of Cacti Asset Management, but it is no tumbleweed. Cacti has more than $1.2 billion in investments. The Atlanta-based fund is most heavily weighted in financials (22.7%), industrials (19.5%), consumer discretionary (15.1%), information technology (14.5%) and health care (13.3%), according to S&P Capital IQ.
Baker Hughes’s FCF was -$559.0 million in 3Q17, and it had been negative in six out of the past 13 quarters.
In this series, we'll analyze the bottom five FCF generators in 3Q17 in the OFS industry, excluding the offshore drillers. We selected OFS companies with market capitalization exceeding $100 million.
The number of rigs exploring for oil and natural gas in the U.S. rose by one this week to 931. That exceeds the 653 rigs that were active this time a year ago. Houston oilfield services company Baker Hughes ...
This year has seen the revival of industrial stocks, such as with Boeing Co (NYSE:BA), Honeywell International Inc. (NYSE:HON) and 3M Co (NYSE:MMM). Consider that GE stock is off 45% to $17.50. As for the new CEO, John Flannery, he has embarked on yet another restructuring of the company.
Total number of rigs drilling oil and natural gas in the domestic resources fell for the first time after the tally rose for five straight weeks.
The number of rigs exploring for oil and natural gas in the U.S. slipped by one this week to 930. That's well above the 637 rigs that were active this time a year ago. According to Houston oilfield services ...
With Baker Hughes, General Electric is stuck between a rock and a hard place. The company may miss out by shopping its majority stake when compared to selling off pieces of the business, but the most attractive ...