The Jefferies Group Increases Baker Hughes Inc. (BHI) Price Target to $57.00


General Electric Co (N:) on Friday reported a 14.4 percent rise in revenue, aided by the acquisition of oilfield services provider Baker Hughes (N:), but profit fell in the quarter. Usca Ria LLC now owns 5,000 shares of the oilfield services provider's stock valued at $252,000 after buying an additional 100 shares in the last quarter. Winslow Evans & Crocker Inc. now owns 1,880 shares of the oilfield services provider's stock worth $103,000 after purchasing an additional 138 shares during the period.

"Oil prices remain volatile and, as a result, our customers remain cautious", Lorenzo Simonelli, chief executive of Baker Hughes, the world's No. 2 oilfield services firm, said. The 50 day moving average was down $-2.07 or -5.79% and the 200 day average was down $-11.96. Company shares have been seen trading -4.01% off of the 52 week high and 38.20% away from the 52 week low. Winslow Evans & Crocker Inc. lifted its stake in Baker Hughes A GE by 7.9% during the second quarter. The company did not give a comparable year-ago number.

3 white supremacists arrested in Florida for shooting at anti-racism protesters
We want to show our teeth a little bit because, you know, we're not to be taken lightly'. 'This is a mess. At least two of the men are linked to "extremist groups", police said , without specifying which two.

In other news, CFO Brian Worrell acquired 2,801 shares of Baker Hughes, a GE company Class A stock in a transaction that occurred on Wednesday, August 2nd. Partners Capital Investment Group Holdings LLC increased its position in shares of Baker Hughes A GE by 0.3% in the first quarter.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) traded down 3.41% during mid-day trading on Friday, reaching $32.02. Hedge funds and other institutional investors own 91.32% of the company's stock. Baker Hughes, a GE company Class A now has an average rating of "Hold" and a consensus target price of $41.69. If you are accessing this article on another domain, it was stolen and republished in violation of United States & worldwide copyright & trademark legislation.

Unemployment rate for Nebraska remains unchanged from August
In Kansas, the jobless rate in September was down to 3.4 percent from 4.1 percent in August and September 2016, the report said. Education services increased by 200 jobs, while health care and social assistance added 800 from August 2017 to September 2017.

HSBC added BHGE to its research portfolio setting a rating of "Buy". The original version of this report can be accessed at One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company's stock.

Thursday weather: Rainy and windy, with highs around 59
Skies become partly cloudy Friday afternoon with mostly clear skies across the Valley Friday night and Saturday . As you're getting up conditions outside will be partly cloudy with a bit of upper level cloud cover.