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Stock Market & Financial Investment News

News Breaks
January 10, 2014
06:03 EDTBHIBaker Hughes reports Q4 onshore well count down 19 to 9,056 wells
Baker Hughes announced that the U.S. onshore well count for Q4 is 9,056 wells; down 19 wells from the revised 9,075 wells counted in Q3. Compared to 4Q12, the well count was up 398 wells or 5%. Due to improved drilling efficiencies, the average U.S. onshore drilling rig now produces 9% more wells compared to the same quarter last year. The average US onshore rig count for Q4 was down 12 rigs from the previous quarter at 1,697 rigs. On average, the U.S. onshore rig fleet produced 5.34 new wells during Q4, representing a 1% improvement in drilling efficiencies compared to Q3.
News For BHI From The Last 14 Days
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September 19, 2014
13:04 EDTBHIBaker Hughes reports U.S. rig count unchanged at 1931 rigs
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September 18, 2014
07:38 EDTBHIUBS to hold a conference
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September 17, 2014
10:00 EDTBHIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AB InBev (BUD) upgraded to Hold from Sell at Societe Generale... Baker Hughes (BHI) upgraded to Outperform from Sector Perform at Howard Weil... Bank of the Ozarks (OZRK) upgraded to Buy from Hold at BB&T... Bill Barrett (BBG) upgraded to Buy from Neutral at Mizuho... Cepheid (CPHD) upgraded to Buy from Hold at Cantor... Cigna (CI) upgraded to Positive from Neutral at Susquehanna... Extra Space Storage (EXR) upgraded to Buy from Hold at Jefferies... GNC Holdings (GNC) upgraded to Outperform from Neutral at Wedbush... MB Financial (MBFI) upgraded at DA Davidson... Mondelez (MDLZ) upgraded to Buy from Hold at Societe Generale... Radian Group (RDN) upgraded to Buy from Neutral at Compass Point... Skullcandy (SKUL) assumed with a Overweight from Neutral at Piper Jaffray... Under Armour (UA) upgraded to Overweight from Neutral at Piper Jaffray.
08:29 EDTBHIBaker Hughes upgraded to Outperform from Sector Perform at Howard Weil
September 16, 2014
07:42 EDTBHIDeutsche Bank to hold a conference
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September 15, 2014
07:23 EDTBHIHart Energy to hold a conference
2014 DUG Eagle Ford Conference to be held in San Antonio, California on September 15-17.
September 12, 2014
15:48 EDTBHISchlumberger favored to win Petrobras service contract, Bloomberg reports
Schlumberger (SLB) is favored to win half of the well services work being offered by Petrobras (PZE) which is valued at more than $2B, Bloomberg says, citing two people with knowledge of the tender. Schlumberger had submitted the most competitive bid for 50% of the well services work, Halliburton (HAL) had placed the lowest-cost bid for 30% of the work, and Baker Hughes (BHI) is set to win the remaining 20% of the work, the people added. Reference Link
13:03 EDTBHIBaker Hughes reports U.S. rig count up 6 to 1931 rigs
Baker Hughes reports that the U.S. Rig Count is up 6 rigs from last week to 1931, with oil rigs up 8 to 1592, gas rigs down 2 to 338, and miscellaneous rigs unchanged at 1. The U.S. Rig Count is up 163 rigs from last year at 1768, with oil rigs up 231, gas rigs down 63, and miscellaneous rigs down 5.The U.S. Offshore rig count is 66, up 1 rig from last week, and up 1 rig year over year.
September 8, 2014
17:25 EDTBHIBaker Hughes names Kimberly Ross CFO
Baker Hughes (BHI) announced that Kimberly A. Ross, has been appointed senior vice president and CFO effective October 22. Ross currently serves as executive vice president and CFO of Avon Products (AVP).
08:15 EDTBHIBaker Hughes reports August international rig count down 43 to 1,339
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