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

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.

Apple sues Qualcomm for roughly $1 billion over royalties
According to the suit, Qualcomm even told Apple that Apple had forfeited nearly $1 billion in rebates by working with regulators. Qualcomm supplies the LTE modems used in Apple's line of iPhones, and up until 2016, the company was Apple's sole supplier.

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.

Related News:

  • Emboldened by Trump, Israel Rapidly Expands Illegal Settlements

    Netanyahu said over the weekend that he hopes to eventually extend Israeli sovereignty over all settlements. Netanyahu also said he supports an "Israeli sovereignty over Ma'aleh Adumim", a major West Bank settlement.

    Research shows cervical cancer death rates higher

    Every day in the United Kingdom nine women are diagnosed with cervical cancer , and three women will die from the disease. Most cases are caused by sexually transmitted infections with human papillomavirus (HPV), for which there is a vaccine.
    Is North Korea Planning a Long-Range Missile Launch?

    Is North Korea Planning a Long-Range Missile Launch?

    In his New Year address, North Korean leader Kim Jong Un said Pyongyang was in the final stages of preparing to test an ICBM. It is also believed to have an upgraded version of the missile, known as the KN-14.
  • ABC Apologizes After Mistakenly Listing Tom Hanks, Amy Adams as Oscar Nominees

    ABC Apologizes After Mistakenly Listing Tom Hanks, Amy Adams as Oscar Nominees

    And had Adams been nominated, as almost everyone expected her to be, I would be rooting for her to win on her sixth try. If there's one name that the majority was expecting to see on the Academy's list this year, it's #AmyAdams's.
    Severe Storms Possible Sunday Evening

    Severe Storms Possible Sunday Evening

    A woman says she and her parents were fortunate to escape with their lives as a storm destroyed their home in rural south Georgia. However, information on whether anyone there had been killed or injured is not available, nor is the cost of the damage.

    California Labor Market Ends 2016 On Down Note

    For December's labor force, a total of 2,203,251 people were counted, up 8,588 from the number recorded in November. Over 90% of the cuts were in administrative and support services, which includes temporary search firms.
  • Diageo profits boosted by Brexit and Scotch sales

    Diageo profits boosted by Brexit and Scotch sales

    The maker of Johnnie Walker and Crown Royal saw top-line sales rise 4.4% for the six months ended December 31, 2016 on volume growth of 1.8%.
    Wolf 1061c could be the next habitable planet after Earth

    Wolf 1061c could be the next habitable planet after Earth

    As the Wolf 1061c is completely within the habitable zone of the star, the possibility of its support for alien life is high. Wolf 1061b orbits close to the parent star and is therefore very hot. "A planet that's too close would be too hot".
    Hattiesburg Salvation Army damaged during Saturday tornado

    Hattiesburg Salvation Army damaged during Saturday tornado

    Mississippi Power crews are assessing damage and working to restore power in the areas that are safe for them to work. Officials warned of downed power lines and debris spread over large areas and urged people to avoid traveling.
  • AUDUSD Nosedives After Australia's Inflation News

    Over the year to December non-tradables inflation was 2.1 per cent, well up on the 1.6 per cent recorded in the year to June. The average of RBA's two core inflation measures has remained at around 1.6% throughout a year ago .

    'Challenged' Venus grabs hold of spot in quarterfinals

    The American will need to serve well in this contest and her heavy groundstrokes should pose a problem for Strycova to deal with. Chasing a 23rd grand slam title, Williams has now reached at least the last 16 at Melbourne Park in her past 10 appearances.

    People are freaking out that Twitter made them follow Trump's account

    President Obama and First Lady Michelle Obama await the White House arrival of President-elect Donald Trump and his wife. The Obama foundation is a non-profit organization and was formed in 2014 for the sole goal of managing the site.


Most liked

Doctors save Burlington mom's life by removing her lungs
A woman diagnosed with cystic fibrosis had her lungs removed for six days while waiting for lung transplant. Before she received the transplant, Melissa Benoit said she felt like she was breathing through a straw.

USMNT keeper Brad Guzan to join Atlanta United in summer
Guzan began his career with MLS side Chivas and has 53 caps for the USA national team following his debut in 2006. Atlanta United who only founded two years ago recruited the 32-year-old as their number one draft pick.

Egypt top Group D, Ghana sweat over Gyan
Egypt have won the competition a record seven times - three more times than next best Ghana and Cameroon. Ghana had already qualified for the quarter-finals following victories against Mali and Uganda.

North Korea Defector: Kim Jong-Un Wants to Meet Trump
Nuclear-armed North Korea has been ruled by the Kim dynasty since its foundation in 1948. Of course, Thae's perspective is both important and limited.

Trump's speech at GOP retreat in Philadelphia
The President said he's going to get reimbursed one way or the other and we accept that. Thousands more protesters and a handful of supporters are expected again Thursday.

R.I.P. Mary Tyler Moore (1936-2017)
Mary Tyler Moore , the beloved actress who starred in a number of hit TV shows and movies died Wednesday at age 80. Even in the face of health difficulties, Moore continued to act through the next several decades.

Chelsea Handler bullies the First Lady
Melania, originally born in Slovenia, can speak her native language in addition to English, German, Serbian and French. In a drunken rant the chat show host also said she would tell President Donald Trump to "f*** off" if she saw him.

Panasonic sees Tesla as deeper partner for self-driving cars too: CEO
At long last - Tesla's Enhanced Autopilot update is finally active, that is, if you have self-driving capability in your vehicle . However, Tesla has not revealed when it expects to do the same with the rest of the new vehicles.

Existing-home sales post best year since 2006
Existing home sales in the U.S. booked a weaker-than-expected December but saw their strongest year since 2006. First time buyers held steady, making up 32% of the market, the same as November of 2016 and December 2015.

Who Is Jared Kushner's Brother? He Was Reportedly At The Women's March
The finding added that all employees of the Office of the President are bound by federal conflict of interest laws. The office of White House counsel had asked the Justice Department for a definitive opinion on Kushner's role.

F1 boss Bernie Ecclestone: 'I do not run the company anymore'
Now, it seems Liberty is implementing some of its planned revisions, starting by ousting longtime F1 boss Bernie Ecclestone .

Roger Federer vs Kei Nishikori
The fourth round encounter against Gael Monfils could have tilted either way, but the determined Spaniard found a way to win. The second set began again with an unstoppable Roger Federer , who broke the serve to his rival with his utmost ease.

Yordano Ventura, Kansas City Royals pitcher, killed in accident
Ventura always played with a sense of confidence, flair, emotion, passion for the game and innate desire to be great. In a separate auto crash also in the Dominican Republic, former Major League infielder Andy Marte was killed.

Tehran high-rise building collapses after fire
Local police officials have cordoned off the area and as this report is filed, more rescue personnel have been sent to the spot. A high-rise residential building in Tehran has collapsed after a blaze, Iranian state television reported Thursday.

Accused Orlando Cop Killer Combative Again in Court, Interrupts Judge
Mina said Clayton was still alive; Mina said Loyd stood "over her defenseless body" and fired multiple shots at her, killing her. The judge said Thursday that Loyd would have a hearing in one week to determine counsel for him in the case over Dixon's death.