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Stock Market & Financial Investment News

News Breaks
May 2, 2014
13:04 EDTBHIBaker Hughes reports U.S. rig count down 7 to 1,854
Baker Hughes reported U.S. rig count is down 7 rigs from last week to 1,854, with oil rigs down 7 to 1,527, gas rigs unchanged at 323, and miscellaneous rigs unchanged at 4. U.S. rig count is up 90 rigs from last year at 1,764, with oil rigs up 124, gas rigs down 31, and miscellaneous rigs down 3. The U.S. offshore rig count is 54, unchanged from last week, and up 3 rigs year over year.
News For BHI From The Last 14 Days
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October 24, 2014
13:06 EDTBHIBaker Hughes reports U.S. rig count up 9 to 1927
Baker Hughes says the U.S. Rig Count is up 9 rigs from last week to 1927, with oil rigs up 5 to 1595, gas rigs up 4 to 332, and miscellaneous rigs unchanged at 0. Says the U.S. Rig Count is up 189 rigs from last year at 1738, with oil rigs up 238, gas rigs down 44, and miscellaneous rigs down 5. The U.S. Offshore rig count is 55, down 2 rigs from last week, and down 7 rigs year over year.
October 17, 2014
13:03 EDTBHIBaker Hughes reports U.S. rig count down 12 from last week to 1918
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08:26 EDTBHICredit Suisse says its time to buy Baker Hughes
Credit Suisse believes Baker Hughes shares are "washed out" and believes its time to buy shares. The analyst is confident it can hit Q4 consensus EPS estimate of $1.26 given strength in pumping and any improvement in the Gulf of Mexico. Shares are Outperform rated with an $81 price target and $97 price target.
07:34 EDTBHIBaker Hughes maintains positive outlook despite uncertainty, says UBS
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