Basic materials stocks for your portfolio: Baker Hughes (BHI), Schlumberger (SLB)

BHI-Q&A-2016-4

Nikko Asset Management Americas Inc. increased its position in shares of Baker Hughes by 19.4% in the third quarter.

Earnings: Loss per share from continuing operations (excluding special items) came in at 30 cents, much wider than the Zacks Consensus Estimate of 12 cents loss per share. The Hedge Fund company now holds 12,518 shares of BHI which is valued at $772,861.

Baker Hughes Incorporated (BHI) now trades with a market capitalization of $26.67 Billion. According to ZACKS data, different Brokerage Firms rated BHI stock about their BUY, SELL or HOLD recommendations.

Other hedge funds also recently added to or reduced their stakes in the company. The company beat the analyst EPS Estimate with the difference of $0.29. The investment firm sold 16,398 shares of BHI which is valued $1,039,305.Wealth Management company, Fox Run Management L.l.c. sold out all of its stake in BHI during the most recent quarter. It trades at an average volume of 3.67M shares versus 5.78M shares recorded at the end of last trading session.

Many analysts have provided their estimated foresights on Baker Hughes Incorporated Earnings, with 34 analysts believing the company would generate an Average Estimate of $-0.11. Also, Director Gregory D. Brenneman purchased 85,000 shares of the stock in a transaction dated Monday, November 14th. Baker Hughes Incorporated was Initiated by Bernstein to "Mkt Perform" on Dec 2, 2016.

12/02/2016 - Sanford C. Bernstein began new coverage on Baker Hughes Incorporated giving the company a "market perform" rating. Scotiabank lowered Baker Hughes to a hold rating and set a $71.00 target price on the stock.in a research note on Sunday, December 18th.

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Baker Hughes Inc.is engaged in the oilfield and process industries.

The BJ deal comes less than a month after it was announced that Baker Hughes is combining with a unit of General Electric in a $32 billion merger that would create an expanded Baker Hughes. The correct version of this piece of content can be accessed at http://www.mareainformativa.com/baker-hughes-incorporated-bhi-downgraded-by-societe-generale/100242/. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. Analysts had a consensus of $-0.13.

North America revenue of $775 million for the quarter increased 15% sequentially, driven by improved activity in the USA onshore business, seasonal improvements in Canada, and completions project deliveries in the Gulf of Mexico. The company's revenue was down -37.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.05 EPS.

Now insiders hold 985,189 shares in the business which makes up 0.23% of shares.

General Electric Co.is now working to combine its oil-and-gas business with Baker Hughes to create a publicly traded energy powerhouse. Post opening the session at $61.4, the shares hit an intraday low of $60.26 and an intraday high of $61.6335 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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