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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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November 20, 2015
13:08 EDTBHIBaker Hughes reports U.S. rig count down 10 to 757 rigs
Baker Hughes says the U.S. Rig Count is down 10 rigs from last week to 757, with oil rigs down 10 to 564, and gas rigs unchanged at 193. It added that the U.S. Rig count is down 1,172 rigs from last year at 1,929, with oil rigs down 1,010, and gas rigs down 162. The U.S. Offshore rig count is 30, down 3 rigs from last week, and down 23 rigs year over year, Baker announced. The Canadian rig count is down 10 rigs from last week to 166, with oil rigs down 1 to 67, and gas rigs down 9 to 99, according to the company. The Canadian Rig Count is down 268 rigs from last year at 434, with oil rigs down 176, and gas rigs down 92.
November 19, 2015
05:09 EDTBHIStocks with implied volatility movement; BHI SUNE
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November 18, 2015
08:37 EDTBHIBaker Hughes has superior risk/reward ratio, says BMO Capital
BMO Capital believes that Baker Hughes (BHI) has one of the best risk/reward ratios in its coverage universe. The firm thinks the stock will rise 25% if its acquisition by Halliburton closes, and fall only 9%-14% in the medium term if the deal falls through. BMO now sees an 80% chance of the deal closing, up from 70% previously.
November 15, 2015
12:59 EDTBHIBaker Hughes shares could gain, lose 30% on merger verdict, Barron's says
Shares of Baker Hughes (BHI) could gain 27% if its combination with Halliburton (HAL) gains regulatory approval, but "there is too much uncertainty" to take that bet, as a negative verdict on the merger could send Baker plunging 20%-30%, Barron's contends in a 'Trader Extra' column. Investors searching for less risky arbitrage deals may instead take a look at Berkshire Hathaway's (BRK.A, BRK.B) offer for Precision Castparts (PCP), argues the publication. Reference Link
November 13, 2015
13:04 EDTBHIBaker Hughes reports U.S. rig count down 4 to 767 rigs
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November 11, 2015
10:32 EDTBHIOptions with increasing implied volatility
Options with increasing implied volatility: STRP MW FTK RPTP MNK CVC GMCR ATML NUS BHI

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