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Stock Market & Financial Investment News

News Breaks
June 6, 2014
06:07 EDTBHIBaker Hughes reports U.S. rig count up 24 to 1,859 rigs
Baker Hughes announced that the international rig count for May was 1,350, up 1 from the 1,349 counted in April, and up 67 from the 1,283 counted in May 2013. The international offshore rig count for May was 326, down 3 from the 329 counted in April, and down 1 from the 327 counted in May 2013. The average U.S. rig count for May 2014 was 1,859, up 24 from the 1,835 counted in April, and up 92 from the 1,767 counted in May 2013. The average Canadian rig count for May was 162, down 42 from the 204 counted in April, and up 34 from the 128 counted in May 2013. The worldwide rig count for May was 3,371, down 17 from the 3,388 counted in April, and up 193 from the 3,178 counted in May 2013.
News For BHI From The Last 14 Days
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October 31, 2014
13:03 EDTBHIBaker Hughes reports U.S. rig count up 2 from last week to 1929
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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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