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Stock Market & Financial Investment News

News Breaks
July 11, 2014
13:09 EDTBHIBaker Hughes reports U.S. rig count up 1 to 1875
Baker Hughes announced that the U.S. Rig Count is up 1 rig from last week to 1875, with oil rigs up 1 to 1563, gas rigs unchanged at 311, and miscellaneous rigs unchanged at 1. Says the U.S. Rig Count is up 116 rigs from last year at 1759, with oil rigs up 172, gas rigs down 51, and miscellaneous rigs down 5. The U.S. Offshore rig count is 56, up 2 rigs from last week, and down 1 rig 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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