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Stock Market & Financial Investment News

News Breaks
July 8, 2014
06:10 EDTBHIBaker Hughes reports June international rig count down 14 to 1,336
Baker Hughes announced that the international rig count for June was 1,336, down 14 from the 1,350 counted in May, and up 3 from the 1,333 counted in June 2013. The international offshore rig count for June was 314, down 12 from the 326 counted in May, and down 23 from the 337 counted in June 2013. The average U.S. rig count for June was 1,861, up 2 from the 1,859 counted in May, and up 100 from the 1,761 counted in June 2013. The average Canadian rig count for June was 240, up 78 from the 162 counted in May, and up 57 from the 183 counted in June 2013. The worldwide rig count for June was 3,437, up 66 from the 3,371 counted in May, and up 160 from the 3,277 counted in June 2013.
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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October 16, 2014
13:38 EDTBHIBaker Hughes shares defended at Citigroup
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09:23 EDTBHIOn The Fly: Pre-market Movers
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06:42 EDTBHIBaker Hughes completed demobilization of Iraq contract
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06:35 EDTBHIBaker Hughes sees increased Q4 revenue, margins for North American segment
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06:32 EDTBHIBaker Hughes reports Q3 adjusted EPS $1.02, consensus $1.13
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