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Stock Market & Financial Investment News

News Breaks
April 17, 2014
06:33 EDTBHIBaker Hughes reports Q1 adjusted EPS 84c, consensus 78c
Reports Q1 revenue $5.73B, consensus $5.71B. Martin Craighead, Baker Hughes chairman and CEO stated, "This quarter we delivered an increase in profit margins and earnings. Our performance is the result of actions to optimize operational efficiency, along with increasing demand for several innovative new product offerings. The benefit of these actions can be seen in our North America operations this quarter. On an adjusted basis, this segment delivered 200 basis points of margin improvement, despite a drop in well count caused by poor weather in the Rockies and northeast U.S. Outside of North America, our operations experienced the typical seasonal decline in product sales to start the year, along with severe weather conditions in the North Sea and Russia, leading to a 5% sequential drop in revenue for our international business. However, resumption of our activity in Iraq, along with increased demand for high technology services in Africa, the Middle East, and Asia Pacific, led to a 6% sequential increase in international adjusted operating profit."
News For BHI From The Last 14 Days
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December 19, 2014
13:08 EDTBHIBaker Hughes reports U.S. rig count down 18 to 1875
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December 18, 2014
10:01 EDTBHIOn The Fly: Analyst Upgrade Summary
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06:16 EDTBHIBaker Hughes upgraded to Outperform from Sector Perform at RBC Capital
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December 17, 2014
12:51 EDTBHINY state to ban fracking next year, CNBC reports
Publicly traded companies in the oil services space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT).
10:02 EDTBHIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Google (GOOG) upgraded to Buy from Hold at Pivotal Research... Twitter (TWTR) upgraded to Buy from Hold at Pivotal Research... Aaron's (AAN) upgraded to Buy from Hold at KeyBanc... Calpine (CPN) upgraded to Buy from Hold at Deutsche Bank... Check Point (CHKP) upgraded to Buy from Hold at Deutsche Bank... Columbia Sportswear (COLM) upgraded to Buy from Neutral at Goldman... Dakota Plains Holdings (DAKP) upgraded to Buy from Hold at Canaccord... SunCoke Energy (SXC) upgraded to Outperform from Neutral at Credit Suisse... Taylor Morrison (TMHC) upgraded to Buy from Hold at Evercore ISI... Teck Resources (TCK) upgraded to Buy from Neutral at UBS... VeriFone (PAY) upgraded to Overweight from Equal Weight at Barclays... Motorola Solutions (MSI) upgraded to Buy from Hold at Argus... Approach Resources (AREX) upgraded to Neutral from Reduce at Global Hunter... HealthSouth (HLS) upgraded to Outperform from Market Perform at Raymond James... QLogic (QLGC) upgraded to Overweight from Equal Weight at Morgan Stanley... Baker Hughes (BHI) upgraded to Focus List from Outperform at Howard Weil... Kansas City Southern (KSU) upgraded to Overweight from Equal Weight at Stephens... BlackBerry (BBRY) upgraded to Buy from Hold at BGC Financial.
08:53 EDTBHIBaker Hughes upgraded to Focus List from Outperform at Howard Weil
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December 12, 2014
13:05 EDTBHIBaker Hughes reports U.S. rig count down 27 to 1893
Baker Hughes reported the U.S. rig count is down 27 rigs from last week to 1893, with oil rigs down 29 to 1546, gas rigs up 2 to 346, and miscellaneous rigs unchanged at 1.
December 5, 2014
13:05 EDTBHIBaker Hughes reports U.S. rig count up 3 to 1920
Baker Hughes reported the U.S. rig count was up 3 rigs from last week to 1920, with oil rigs up 3 to 1575, gas rigs unchanged at 344, and miscellaneous rigs unchanged at 1.
07:43 EDTBHILondon bankers see oil slump spurring energy industry consolidation, WSJ reports
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06:12 EDTBHIBaker Hughes reports Nov. international rig count up 16 to 1,324
Baker Hughes announced that the international rig count for November was 1,324, up 16 from the 1,308 counted in October, and up 13 from the 1,311 counted in November 2013. The international offshore rig count for November was 341, up 15 from the 326 counted in October, and up 25 from the 316 counted in November 2013. The average U.S. rig count for November 2014 was 1,925, unchanged from the 1,925 counted in October, and up 169 from the 1,756 counted in November 2013. The average Canadian rig count for November was 421, down 3 from the 424 counted in October, and up 36 from the 385 counted in November 2013. The worldwide rig count for November was 3,670, up 13 from the 3,657 counted in October, and up 218 from the 3,452 counted in November 2013.

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