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Stock Market & Financial Investment News

News Breaks
March 24, 2014
08:13 EDTBHI, WFTWeatherford to sell pipeline and specialty services business to Baker Hughes
Weatherford (WFT) and Baker Hughes (BHI) announce that they have signed an agreement for the sale of Weatherford's pipeline and specialty services business to a subsidiary of Baker Hughes for a total consideration of $250M, including $241M in cash and $9M in retained working capital. The sale is part of Weatherford's previously announced plan to divest its non-core businesses.
News For WFT;BHI From The Last 14 Days
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April 22, 2015
07:52 EDTBHIBaker Hughes price target raised to $78 from $72 at Susquehanna
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April 21, 2015
09:23 EDTBHIHalliburton added to Conviction List, Baker Hughes removed at Iberia
Iberia prefers equity exposure of Halliburton (HAL) versus the merger arbitrage of owning Baker Hughes (BHI). The firm expects the merged company to better compete for integrated project management work and shore up weaker products and services.
08:08 EDTBHIBaker Hughes 'pleased with the progress' on planned combination with Halliburton
08:07 EDTBHIBaker Hughes expects unfavorable market conditions to persist in Q2
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08:07 EDTBHIBaker Hughes: Q1 results a reflection of extreme market forces faced by industry
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08:06 EDTBHIBaker Hughes reports Q1 adjusted EPS (7c), consensus 46c
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07:45 EDTBHIHalliburton well positioned for industry upturn, says UBS
UBS said the oil services downturn is playing out as expected and that Halliburton (HAL) is well positioned for the eventual upturn. The firm cited the company's ability to maintain margins, synergies from its merger with Baker Hughes (BHI), and the potential for major share repurchases. UBS reiterated its Buy rating and raised its price target to $60 from $50 on Halliburton shares.
April 20, 2015
15:37 EDTBHINotable companies reporting before tomorrow's open
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10:00 EDTBHIOn The Fly: Analyst Downgrade Summary
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09:28 EDTBHIHalliburton on track to complete Baker Hughes transaction late in 2H15
Continues to target annual cost synergies of $2B.
09:18 EDTBHIHalliburton says Q1 challenging quarter, with downturn being historically high
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07:21 EDTBHI, BHIBaker Hughes downgraded to Underperform from Outperform at CLSA
April 17, 2015
13:09 EDTBHIBaker Hughes reports U.S. rig count down 34 to 954
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08:29 EDTWFT, BHIU.S. may be at, or near, peak oil output, WSJ says
New data and forecasts suggest lower crude prices are finally prompting U.S. energy companies to cut back their crude output, according to The Wall Street Journal, citing reports from OPEC, the DOE and North Dakota. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Publicly traded drillers and oil services companies include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
06:33 EDTBHISources: Halliburton hires BofA, Deutsche Bank to sell assets, Reuters reports
According to sources, Reuters reports that Bank of America (BAC) and Deutsche Bank (DB) have been hired by Halliburton (HAL) to sell two assets that could be valued at up to $5B. Bank of America will work to sell some of Halliburton's Sperry Drilling business, including logging-while-drigging, directional drilling and measuring-while-drilling, while Deutsche Bank is mandated to sell Halliburton's drill bits businesses. Halliburton is seeking to divest some assets to ease regulators' antitrust concerns in its $35B merger deal with Baker Hughes (BHI). Reference Link
April 16, 2015
13:21 EDTBHIBaker Hughes volatility low into Q1 and outlook
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09:34 EDTWFTWeatherford downgraded to Neutral from Accumulate at Global Hunter
April 15, 2015
08:58 EDTWFTOil services stocks should be bought on dips, says BMO Capital
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06:16 EDTWFT, BHIOil layoffs reach 100,000 and still going, WSJ reports
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April 14, 2015
09:20 EDTBHIMorgan Stanley calls a bottom in Oil Services sector
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