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Stock Market & Financial Investment News

News Breaks
August 1, 2014
13:19 EDTBHIBaker Hughes reports U.S. rig count up 6 to 1889 rigs
Baker Hughes announced that the U.S. Rig Count is up 6 rigs from last week to 1889, with oil rigs up 11 to 1573, gas rigs down 5 to 313, and miscellaneous rigs unchanged at 3. Says the U.S. Rig Count is up 107 rigs from last year at 1782, with oil rigs up 185, gas rigs down 75, and miscellaneous rigs down 3. The U.S. Offshore rig count is 58, down 2 rigs from last week, and unchanged year over year.
News For BHI From The Last 14 Days
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February 10, 2016
10:02 EDTBHIHigh option volume stocks
High option volume stocks: OTEX STNG WU QEP DF CSTE CAKE AMCX AMTD BHI
February 9, 2016
12:46 EDTBHIHalliburton intends to sell Baker's offshore fluids business, Bloomberg says
Halliburton (HAL) intends to divest Baker Hughes' (BHI) offshore drilling-and-completions fluids division and the lion-s share of Baker's completion systems, Bloomberg reports, citing people familiar with the matter. The move would add to the list of assets Halliburton plans to sell in an effort to allay regulators who have been stalling its takeover of Baker Hughes, the report says. Reference Link
February 8, 2016
10:00 EDTBHIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: A-Mark Precious Metals (AMRK) downgraded to Neutral from Buy at B. Riley... Antero Midstream (AM) downgraded to Neutral from Outperform at Baird... AstraZeneca (AZN) downgraded to Hold from Buy at HSBC... Baker Hughes (BHI) downgraded to Equal Weight at Morgan Stanley... Brixmor (BRX) downgraded to Neutral from Outperform at Boenning & Scattergood... CBOE Holdings (CBOE) downgraded to Underperform from Outperform at CLSA... Cisco (CSCO) downgraded to Buy from Conviction Buy at Goldman... Citi Trends (CTRN) downgraded to Neutral from Buy at MKM Partners... Commerzbank (CRZBY) downgraded to Underperform from Market Perform at Keefe Bruyette... DexCom (DXCM) downgraded to Neutral from Outperform at Baird... EnLink Midstream (ENLC) downgraded to Underperform from Outperform at Baird... Energy Transfer Equity (ETE) downgraded to Neutral from Outperform at Baird... Energy Transfer Partners (ETP) downgraded to Neutral from Outperform at Baird... Eversource (ES) downgraded to Equal Weight from Overweight at Barclays... Genesis Healthcare (GEN) downgraded to Sell from Neutral at UBS... Givaudan (GVDNY) downgraded to Neutral from Buy at Goldman... HSBC (HSBC) downgraded to Underweight from Equal Weight at Morgan Stanley... Nomura (NMR) downgraded to Hold from Buy at Deutsche Bank... Novo Nordisk (NVO) downgraded to Sell from Neutral at UBS... ONEOK Partners (OKS) downgraded to Underperform from Neutral at Baird... ONEOK (OKE) downgraded to Neutral from Outperform at Baird... PPL Corp. (PPL) downgraded to Hold from Buy at Evercore ISI... Plains All American (PAA) downgraded to Underperform from Outperform at Baird... Plains GP Holdings (PAGP) downgraded to Underperform from Neutral at Baird... Quanta Services (PWR) downgraded to Neutral from Buy at UBS... Ralph Lauren (RL) downgraded to Neutral from Overweight at Atlantic Equities... Sparton (SPA) downgraded to Market Perform from Outperform at Barrington... Tableau (DATA) downgraded to Equal Weight at Morgan Stanley... Tallgrass Energy GP (TEGP) downgraded to Neutral from Outperform at Baird... WisdomTree (WETF) downgraded to Underperform from Market Perform at Keefe Bruyette.
08:45 EDTBHIBaker Hughes downgraded to Equal Weight at Morgan Stanley
As previously reported, Morgan Stanley downgraded Baker Hughes (BHI) to Equal Weight from Overweight. Analyst Ole Slorer sees increased risks around the Halliburton (HAL)/Baker Hughes deal and said the market seems to be underestimating the obstacles. Slorer said the deal could take another 5-6 months and face increased resistance from EC regulators, and is concerned any delay will accelerate Baker Hughes' deteriorating performance. The analyst thinks Baker Hughes shares could fall into the low $30's, if the deal fails.
05:41 EDTBHIBaker Hughes downgraded to Equal Weight from Overweight at Morgan Stanley
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February 5, 2016
13:03 EDTBHIBaker Hughes reports U.S. rig count down 48 rigs to 571
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06:07 EDTBHIBaker Hughes reports January international rig count 1,045
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February 3, 2016
18:34 EDTBHIEuropean Commission extends review of Halliburton-Baker Hughes merger by 20 days
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January 29, 2016
13:03 EDTBHIBaker Hughes reports U.S. rig count down 18 to 619 rigs
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