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BHI

Changed to BHGE

$57.94

0.81 (1.42%)

13:03
05/19/17
05/19
13:03
05/19/17
13:03

Baker Hughes reports U.S. rig count up 16 to 901 rigs

Baker Hughes reports that the U.S. rig count is up 16 rigs from last week to 901, with oil rigs up 8 to 720, gas rigs up 8 to 180, and miscellaneous rigs unchanged at 1. The U.S. Rig Count is up 497 rigs from last year's count of 404, with oil rigs up 402, gas rigs up 95, and miscellaneous rigs unchanged. The U.S. Offshore Rig Count is up 2 rigs from last week to 23 and down 1 rig year over year. The Canadian Rig Count is up 5 rigs from last week to 85, with oil rigs up 7 to 36 and gas rigs down 2 to 49. The Canadian Rig Count is up 41 rigs from last year's count of 44, with oil rigs up 20, gas rigs up 22, and miscellaneous rigs down 1 to 0.

BHI Changed to BHGE
$57.94

0.81 (1.42%)

04/19/17
HSBC
04/19/17
INITIATION
Target $62
HSBC
Hold
Baker Hughes initiated with a Hold at HSBC
HSBC analyst David Phillips initiated Baker Hughes with a Hold and a $62 price target due to valuation and said there are few impediments to the GE merger completion.
04/19/17
04/19/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. ING Group (ING) initiated with a Buy at Jefferies. 2. T-Mobile (TMUS) was initiated with a Buy at SunTrust while Sprint (S), Verizon (VZ), and AT&T (T) were initiated with a Hold. 3. DXC Technology (DXC) initiated with an Overweight at JPMorgan. 4. LendingClub (LC) coverage resumed with a Hold at Stifel. 5. Halliburton (HAL) and Schlumberger (SLB) were initiated with a Buy at HSBC while Baker Hughes (BHI) was initiated with a Hold. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/26/17
BMOC
04/26/17
DOWNGRADE
BMOC
Market Perform
Baker Hughes downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst Daniel Boyd downgraded Baker Hughes to Market Perform and lowered its price target to $65 from $69 to reflect earnings risk. Boyd's estimates are below consensus and guidance as he expects EBITDA growth to disappoint due to disadvantaged cycle mix and near-term execution risk. The analyst likes potential deal synergies upside but thinks buyback expectations of up to 12% of pro forma market cap is possible, but unlikely.
04/26/17
FBCO
04/26/17
NO CHANGE
Target $53
FBCO
Neutral
Baker Hughes price target lowered to $53 from $65 at Credit Suisse
Credit Suisse analyst James Wicklund lowered his price target for Baker Hughes to $53 from $65 following quarterly results. The analyst reiterates a Neutral rating on the shares.

TODAY'S FREE FLY STORIES

ALXN

Alexion

$135.21

-3.81 (-2.74%)

07:13
10/24/17
10/24
07:13
10/24/17
07:13
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Alexion analyst commentary  »

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PNR

Pentair

$70.82

-0.35 (-0.49%)

07:13
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Hot Stocks
Breaking Hot Stocks news story on Pentair »

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PNR

Pentair

$70.82

-0.35 (-0.49%)

07:12
10/24/17
10/24
07:12
10/24/17
07:12
Earnings
Pentair sees FY17 adjusted EPS $3.53, consensus $3.51 »

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PNR

Pentair

$70.82

-0.35 (-0.49%)

07:12
10/24/17
10/24
07:12
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07:12
Earnings
Pentair sees Q4 adjusted EPS approx. 93c, consensus 93c »

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UFS

Domtar

$44.14

-0.23 (-0.52%)

07:12
10/24/17
10/24
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Initiation
Domtar initiated  »

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  • 27

    Oct

ADDYY

adidas

$109.85

-0.45 (-0.41%)

07:11
10/24/17
10/24
07:11
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07:11
Initiation
adidas initiated  »

adidas initiated with a…

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ABG

Asbury Automotive

$56.05

0.2 (0.36%)

07:11
10/24/17
10/24
07:11
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07:11
Earnings
Asbury Automotive reports Q3 EPS $1.48 with items, consensus $1.51 »

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  • 24

    Oct

PNR

Pentair

$70.82

-0.35 (-0.49%)

07:11
10/24/17
10/24
07:11
10/24/17
07:11
Earnings
Pentair reports Q3 adjusted EPS 95c, consensus 93c »

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PNR

Pentair

$70.82

-0.35 (-0.49%)

07:10
10/24/17
10/24
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07:10
Hot Stocks
Pentair announces new electrical company nVent »

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IPG

Interpublic Group

$20.63

-0.25 (-1.20%)

07:09
10/24/17
10/24
07:09
10/24/17
07:09
Earnings
Interpublic Group reports Q3 adj. EPS 31c, consensus 33c »

Reports Q3 revenue $1.9B,…

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  • 24

    Oct

AMZN

Amazon.com

$966.30

-16.61 (-1.69%)

07:09
10/24/17
10/24
07:09
10/24/17
07:09
Recommendations
Amazon.com analyst commentary  »

Amazon.com Q3 likely to…

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  • 26

    Oct

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AGR

Avangrid

$48.27

-0.03 (-0.06%)

07:09
10/24/17
10/24
07:09
10/24/17
07:09
Earnings
Breaking Earnings news story on Avangrid »

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  • 24

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SMTS

Sierra Metals

$2.46

-0.01 (-0.40%)

07:09
10/24/17
10/24
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07:09
Hot Stocks
Sierra Metals updates on program at Bolivar and Cusi Mines »

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VFC

VF Corp.

$69.95

3.57 (5.38%)

07:08
10/24/17
10/24
07:08
10/24/17
07:08
Recommendations
VF Corp. analyst commentary  »

VF Corp. price target…

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ABBV

AbbVie

$94.51

-1.59 (-1.65%)

07:08
10/24/17
10/24
07:08
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07:08
Hot Stocks
AbbVie, Alector announce global strategic collaboration »

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  • 27

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    Nov

BHGE

Baker Hughes

$31.47

-1.79 (-5.38%)

, WFT

Weatherford

$3.40

-0.14 (-3.95%)

07:08
10/24/17
10/24
07:08
10/24/17
07:08
Recommendations
Baker Hughes, Weatherford, Schlumberger, Halliburton analyst commentary  »

Selloff in oil services…

BHGE

Baker Hughes

$31.47

-1.79 (-5.38%)

WFT

Weatherford

$3.40

-0.14 (-3.95%)

SLB

Schlumberger

$61.91

-1.24 (-1.96%)

HAL

Halliburton

$42.24

-1.09 (-2.52%)

03/08/13
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  • 01

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BEAT

BioTelemetry

$30.60

-0.55 (-1.77%)

07:08
10/24/17
10/24
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Initiation
BioTelemetry initiated  »

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MYGN

Myriad Genetics

$34.82

-0.04 (-0.11%)

07:08
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  • 30

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GPK

Graphic Packaging

$14.27

-0.01 (-0.07%)

, IP

International Paper

$58.25

0.04 (0.07%)

07:08
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Hot Stocks
Graphic Packaging forms partnership with IP's consumer packaging unit »

Graphic Packaging (GPK)…

GPK

Graphic Packaging

$14.27

-0.01 (-0.07%)

IP

International Paper

$58.25

0.04 (0.07%)

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  • 24

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SHW

Sherwin-Williams

$386.58

-3.12 (-0.80%)

07:07
10/24/17
10/24
07:07
10/24/17
07:07
Earnings
Sherwin-Williams sees FY17 EPS $11.20-$11.50 with items, consensus $14.73 »

The company added…

03/08/13
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ABTX

Allegiance Bancshares

$38.65

-0.35 (-0.90%)

07:07
10/24/17
10/24
07:07
10/24/17
07:07
Earnings
Allegiance Bancshares reports Q4 EPS 22c, consensus 48c »

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  • 24

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PEBO

Peoples Bancorp

$33.03

-0.79 (-2.34%)

07:06
10/24/17
10/24
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Hot Stocks
Peoples Bancorp, ASB Financial announce definitive merger agreement »

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  • 24

    Oct

AVGO

Broadcom

$244.27

0.03 (0.01%)

07:06
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Hot Stocks
Plume, Broadcom announce development and distribution collaboration »

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VKTX

Viking Therapeutics

$2.80

-0.2 (-6.67%)

07:06
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Hot Stocks
Viking Therapeutics reports 'positive' results from in vivo study of VK2809 »

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WMT

Wal-Mart

$88.65

1.21 (1.38%)

07:05
10/24/17
10/24
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Hot Stocks
Wal-Mart's Sam's Club announces One Day Only Savings Event »

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