U.S. Producers Add 7 More Rigs, Baker Hughes Says


A number of large investors have recently made changes to their positions in BHI. Moody Lynn & Lieberson LLC increased its stake in Baker Hughes by 1.0% in the first quarter. Nikko Asset Management Americas Inc. now owns 184,245 shares of the oilfield services provider's stock valued at $9,297,000 after buying an additional 30,000 shares during the period. State Street Corp increased its position in shares of Baker Hughes by 2.2% in the fourth quarter. Finally, Trust Co. of Vermont raised its stake in shares of Baker Hughes by 21.5% in the first quarter. Brown Advisory Inc. now owns 5,791 shares of the oilfield services provider's stock worth $376,000 after buying an additional 53 shares during the last quarter.

Bluecrest Capital Management Ltd increased Baker Hughes Inc (BHI) stake by 20.98% reported in 2016Q4 SEC filing.

Previously Baker Hughes Inc (NYSE:BHI) reported $-0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.21 by $-0.02.

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Baker Hughes Incorporated (NYSE:BHI) traded down 1.97% during mid-day trading on Thursday, hitting $55.81. The institutional investor owned 33,260 shares of the oilfield services provider's stock after selling 450 shares during the period. The company's 50 day moving average price is $58.97 and its 200 day moving average price is $61.06. Moreover, Hl Fin Ltd Limited Liability Company has 0.01% invested in Baker Hughes Incorporated (NYSE:BHI). The firm's market cap is $24.46 billion.

Baker Hughes (NYSE:BHI) last posted its earnings results on Tuesday, April 25th. The oilfield services provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.17. Analysts at USA financial services firm Cowen & Co said in a note this week that its capital expenditure tracking showed 60 exploration and production (E&P) companies planned to increase spending by an average of 51 percent in 2017 over 2016. Past 5 years growth of Baker Hughes Inc (NYSE:BHI) observed at 13.79%, looking forward for the next 5 years it has a strong prediction of 45.9% over growth. The North American total rose to 1,001 in the period to Friday from 986 a week ago, the company said. Baker Hughes Incorporated had 66 analyst reports since July 22, 2015 according to SRatingsIntel. Stockholders of record on Monday, May 8th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 4th. The stock increased 1.09% or $0.45 during the last trading session, reaching $41.85. Baker Hughes's dividend payout ratio (DPR) is -10.83%.

COPYRIGHT VIOLATION WARNING: "CKW Financial Group Has $102,000 Position in Baker Hughes Incorporated (BHI)" was first published by BBNS and is owned by of BBNS. If you are reading this story on another publication, it was stolen and republished in violation of worldwide copyright legislation. Susquehanna Bancshares Inc upgraded shares of Baker Hughes from a "neutral" rating to a "positive" rating and set a $71.00 price objective for the company in a research note on Thursday, February 9th. FBR & Co raised their price target on Baker Hughes from $62.00 to $65.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 22nd. BMO Capital Markets downgraded Baker Hughes from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $69.00 to $65.00 in a report on Wednesday, April 26th. Deutsche Bank downgraded the stock to "Hold" rating in Wednesday, April 6 report.

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Among 10 analysts covering Zynga (NASDAQ:ZNGA), 4 have Buy rating, 1 Sell and 5 Hold. The company now has an average rating of "Hold" and a consensus price target of $62.33. Timber Hill Ltd Company has invested 0% in Baker Hughes Incorporated (NYSE:BHI).

Houston-based oilfield services provider Baker Hughes (BHI) said US oil and gas producers brought seven rigs online overall in the past week, bringing the company's total count up to 908 units.

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