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Stock Market & Financial Investment News

News Breaks
January 28, 2014
07:25 EDTBHIBaker Hughes downgraded to Sell from Neutral at Guggenheim
Guggenheim downgraded Baker Hughes due to weaker U.S. crude prices which will likely lead to reduced U.S. drilling and completion activity in 2H 2014 and 2015. Price target lowered to $45 from $55.
News For BHI From The Last 14 Days
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May 4, 2015
07:19 EDTBHICredit Suisse to hold a conference tour
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May 1, 2015
13:03 EDTBHIBaker Hughes reports U.S. rig count down 27 to 905 rigs
Baker Hughes says that the U.S. Rig Count is down 27 rigs from last week to 905, with oil rigs down 24 to 679, gas rigs down 3 to 222, and miscellaneous rigs unchanged at 4. Says the U.S. Rig Count is down 949 rigs from last year at 1854, with oil rigs down 848, gas rigs down 101, and miscellaneous rigs unchanged at 4. The U.S. Offshore rig count is 34, unchanged from last week, and down 20 rigs year over year. The Canadian Rig Count is unchanged from last week at 79 rigs, with oil rigs up 1 to 17, and gas rigs down 1 to 62. The Canadian Rig Count is down 84 rigs from last year at 163, with oil rigs down 50, and gas rigs down 34.
April 29, 2015
06:59 EDTBHIContract cancellations could pressure offshore drillers, WSJ says
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April 24, 2015
13:03 EDTBHIBaker Hughes reports U.S. rig count down 22 to 932 rigs
Baker Hughes reports that the U.S. Rig Count is down 22 rigs from last week to 932, with oil rigs down 31 to 703, gas rigs up 8 to 225, and miscellaneous rigs up 1 to 4. Says the U.S. Rig Count is down 929 rigs from last year at 1861, with oil rigs down 831, gas rigs down 98, and miscellaneous rigs unchanged at 4. The U.S. Offshore rig count is 34, up 1 from last week, and down 20 rigs year over year. The Canadian Rig Count is down 1 rig from last week to 79, with oil rigs down 4 to 16, and gas rigs up 3 to 63. The Canadian Rig Count is down 89 rigs from last year at 168, with oil rigs down 53, and gas rigs down 36.
April 22, 2015
07:52 EDTBHIBaker Hughes price target raised to $78 from $72 at Susquehanna
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April 21, 2015
09:23 EDTBHIHalliburton added to Conviction List, Baker Hughes removed at Iberia
Iberia prefers equity exposure of Halliburton (HAL) versus the merger arbitrage of owning Baker Hughes (BHI). The firm expects the merged company to better compete for integrated project management work and shore up weaker products and services.
08:08 EDTBHIBaker Hughes 'pleased with the progress' on planned combination with Halliburton
08:07 EDTBHIBaker Hughes expects unfavorable market conditions to persist in Q2
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08:07 EDTBHIBaker Hughes: Q1 results a reflection of extreme market forces faced by industry
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08:06 EDTBHIBaker Hughes reports Q1 adjusted EPS (7c), consensus 46c
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07:45 EDTBHIHalliburton well positioned for industry upturn, says UBS
UBS said the oil services downturn is playing out as expected and that Halliburton (HAL) is well positioned for the eventual upturn. The firm cited the company's ability to maintain margins, synergies from its merger with Baker Hughes (BHI), and the potential for major share repurchases. UBS reiterated its Buy rating and raised its price target to $60 from $50 on Halliburton shares.

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