Published: Sat, January 28, 2017
Finance | By Laverne Griffith

Basic materials stocks for your portfolio: Baker Hughes (BHI), Schlumberger (SLB)

Basic materials stocks for your portfolio: Baker Hughes (BHI), Schlumberger (SLB)

Loop Capital assumed coverage on shares of Baker Hughes in a report on Friday, September 30th. NN Investment Partners Holdings N.V. boosted its position in shares of Baker Hughes by 115.9% in the fourth quarter.

Baker Hughes reported another 1,000 job reductions in the fourth quarter.

The company has a Return on Assets (ROA) of -15.40%.

Shares of Baker Hughes (NYSE:BHI) opened at 62.68 on Thursday.

General Electric now working to combine its oil-and-gas business with Baker Hughes to create a publicly traded energy powerhouse. The company's 50 day moving average price is $64.32 and its 200 day moving average price is $55.05. The number of shares now owned by investors are 422.66 mln. The oilfield services provider reported ($0.15) EPS for the quarter, topping the Zacks' consensus estimate of ($0.44) by $0.29.

Analysts are also projecting an Average Revenue Estimate for Baker Hughes Incorporated as $2.37 Billion in the Current Quarter. Analysts are forecasting earnings of $-0.12 on a per share basis this quarter. During the same quarter in the previous year, the company posted $-0.21 EPS. The consensus estimate for current quarter is $-0.12 and for the current fiscal year, the estimate is $-1.65.

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A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised Baker Hughes from a "hold" rating to a "buy" rating and set a $59.00 price target on the stock in a research report on Friday, October 14th. A stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR.

31 analysts projected Price Targets for Baker Hughes Incorporated.

12/21/2016 - Baker Hughes Incorporated had its "hold" rating reiterated by analysts at Jefferies. Finally, DA Davidson reissued a "buy" rating on shares of Baker Hughes in a research report on Monday, November 14th. The investment firm sold 16,398 shares of BHI which is valued $1,039,305.Wealth Management company, Fox Run Management L.l.c. sold out all of its stake in BHI during the most recent quarter. Baker Hughes presently has an average rating of "Buy" and an average target price of $58.62. It has a past 5-day performance of -2.66 percent and trades at an average volume of 5.47M shares. The total amount of the transaction was worth $918,772, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. The stock was sold at an average price of $58.09, for a total value of $871,350.00. Following the completion of the sale, the vice president now directly owns 76,768 shares of the company's stock, valued at $4,459,453.12. The disclosure for this purchase can be found here. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data.

Baker Hughes Incorporated is engaged in the oilfield services industry.

BHI is one of the major oilfield service companies in the world, providing a range of services to the global oil and gas industry. The Company also provides industrial products and services to the downstream chemicals and process and pipeline services.

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