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BHGE

Baker Hughes

$29.22

-0.16 (-0.54%)

06:06
02/07/18
02/07
06:06
02/07/18
06:06

Baker Hughes reports January international rig count up by 6 to 960 rigs

Baker Hughes reported international rig count for January 2018 was 960, up 6 from the 954 counted in December 2017, and up 27 from the 933 counted in January 2017. The international offshore rig count for January 2018 was 196, up 5 from the 191 counted in December 2017, and down 10 from the 206 counted in January 2017. The average US rig count for January 2018 was 937, up 7 from the 930 counted in December 2017, and up 254 from the 683 counted in January 2017. The average Canadian rig count for January 2018 was 278, up 73 from the 205 counted in December 2017, and down 24 from the 302 counted in January 2017. The worldwide rig count for January 2018 was 2,175, up 86 from the 2,089 counted in December 2017, and up 257 from the 1,918 counted in January 2017.

  • 11

    Feb

BHGE Baker Hughes
$29.22

-0.16 (-0.54%)

12/21/17
DBAB
12/21/17
NO CHANGE
Target $15
DBAB
Sell
GE could exit Baker Hughes in 2018, says Deutsche Bank
Deutsche Bank analyst John Inch believes General Electric (GE) could exit its 62.5% ownership of Baker Hughes (BHGE) sometime in 2018. The eventual monetization and separation of GE's entire oil and gas portfolio would be consistent with management's signaling regarding its investment in Baker Hughes, Inch tells investors in a research note. GE's exit timing may not be optimal, however, considering that the pickup in industry activity is likely to continue given improved energy prices, the analyst contends. He adds that GE would forego $188M of dividend from Baker Hughes and any future additional share repurchase benefit by the company. Inch has a Sell rating on GE with a $15 price target.
01/02/18
MSCO
01/02/18
NO CHANGE
MSCO
Morgan Stanley says 2018 may be record year for oilfield services M&A
Morgan Stanley analyst Ole Slorer believes large-cap oilfield services stocks are likely to lead a "compelling 2018 mean reversion trade," noting that large-caps have historically outperformed small-caps early in the year. Slorer also believes 2018 may be a record year for oilfield services M&A given the recent industry focus on projects being streamlined to make them economic in a $50-$60 per barrel oil price environment. Large-cap services names include Baker Hughes (BHGE), Schlumberger (SLB), Haliburton (HAL) and Weatherford (WFT). Small-cap services names covered by the firm include RPC, Inc. (RES), Core Laboratories (CLB), C&J Energy Services (CJ), Frank's International (FI), Superior Energy (SPN) and Tetra Technologies (TTI).
02/01/18
GSCO
02/01/18
UPGRADE
Target $33.5
GSCO
Neutral
Baker Hughes upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Waqar Syed upgraded Baker Hughes to Neutral and raised his price target for the shares to $33.50 from $31. The analyst believes expectations have been reset lower over the last six months and highlights his firm's more favorable commodity price outlook. He thinks his Sell thesis has played out.
02/01/18
02/01/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. eBay (EBAY) upgraded to Outperform from Sector Perform at RBC Capital with analyst Mark Mahaney citing the "ongoing acceleration in Marketplace gross merchandise volume, the surprise announcement that eBay will intermediate payments, and materially ramped up share repurchases." 2. Textron (TXT) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Rajeev Lalwani citing the growing chances he sees of a bizjet recovery, the stock's relative underperformance over the last year and upside levers that include R&D cuts, M&A, or more capital returns. 3. Invesco (IVZ) upgraded to Outperform from Neutral at Credit Suisse with analyst Craig Siegenthaler saying the operating expense reset with yesterday's fourth quarter results, recent sell-side downgrades, and share price underperformance over the last six months presents an upgrade opportunity and attractive valuation. 4. Baker Hughes (BHGE) upgraded to Neutral from Sell at Goldman Sachs with analyst Waqar Syed saying he believes expectations have been reset lower over the last six months and highlights his firm's more favorable commodity price outlook. 5. AMD (AMD) upgraded to Buy from Hold at Argus with analyst Jim Kelleher saying the latest quarterly results demonstrate the "sustainability of the company's return to consistent profitability and top and bottom-line growth." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

RYTM

Rhythm Pharmaceuticals

$26.45

0.21 (0.80%)

22:08
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AMCX

AMC Networks

$67.45

1.28 (1.93%)

22:06
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APTX

Aptinyx

$0.00

(0.00%)

20:45
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  • 21

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AVRO

AvroBio

$0.00

(0.00%)

20:44
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    Jun

TV

Televisa

$18.25

0.51 (2.87%)

20:43
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Downgrade
Televisa rating change  »

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CX

Cemex

$6.33

0.115 (1.85%)

20:42
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06/20
20:42
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20:42
Upgrade
Cemex rating change  »

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PH

Parker-Hannifin

$164.49

0.74 (0.45%)

20:41
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KMT

Kennametal

$37.44

1.11 (3.06%)

20:41
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20:41
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SYNT

Syntel

$34.07

0.65 (1.94%)

20:40
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20:40
Downgrade
Syntel rating change  »

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  • 28

    Jun

MGTA

Magenta Therapeutics

$0.00

(0.00%)

20:28
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Syndicate
Magenta Therapeutics 6.667M share IPO priced at $15.00 »

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  • 21

    Jun

XERS

Xeris Pharmaceuticals

$0.00

(0.00%)

20:26
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Xeris Pharmaceuticals 5.7M share IPO priced at $15.00 »

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  • 21

    Jun

KR

Kroger

$26.21

0.21 (0.81%)

, DRI

Darden

$93.27

-1.34 (-1.42%)

20:25
06/20/18
06/20
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Earnings
Notable companies reporting before tomorrow's open »

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KR

Kroger

$26.21

0.21 (0.81%)

DRI

Darden

$93.27

-1.34 (-1.42%)

CMC

Commercial Metals

$23.67

0.44 (1.89%)

PDCO

Patterson Companies

$22.54

0.07 (0.31%)

03/08/13
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  • 21

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    Jul

IIIV

i3 Verticals

$0.00

(0.00%)

20:24
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i3 Verticals 6.65M share IPO priced at $13.00 »

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  • 21

    Jun

KZR

Kezar Life Sciences

$0.00

(0.00%)

20:23
06/20/18
06/20
20:23
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Kezar Life Sciences 5M share IPO priced at $15.00 »

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  • 21

    Jun

LPL

LG Display

$8.91

-0.015 (-0.17%)

20:08
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06/20
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LG Display discussing early retirement options for workers, Bloomberg reports »

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EGO

Eldorado Gold

$1.13

-0.02 (-1.75%)

20:05
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Eldorado Gold provides update on Lamaque exploration and development »

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SPX

S&P 500

$0.00

(0.00%)

, RSX

Market Vectors Russia ETF

$20.52

0.22 (1.08%)

19:43
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Periodicals
Trump planning to meet with Russia's Putin in Europe next month, Bloomberg says »

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SPX

S&P 500

$0.00

(0.00%)

RSX

Market Vectors Russia ETF

$20.52

0.22 (1.08%)

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CEO

CNOOC

$163.48

2.345 (1.46%)

19:29
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CNOOC to proceed with expansion in Canada's oil sands, Reuters reports »

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TM

Toyota

$134.34

-1.815 (-1.33%)

19:14
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Toyota to reduce marketing costs to fund new research, Reuters reports »

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FB

Facebook

$202.08

4.62 (2.34%)

, GOOG

Alphabet

$1,169.38

1.52 (0.13%)

19:06
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Periodicals
FTC chair wants to explore market power of big internet firms, Reuters says »

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FB

Facebook

$202.08

4.62 (2.34%)

GOOG

Alphabet

$1,169.38

1.52 (0.13%)

GOOGL

Alphabet Class A

$1,183.83

5.54 (0.47%)

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  • 28

    Oct

RYAAY

Ryanair

$117.11

3.54 (3.12%)

19:01
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IAG, Ryanair preparing EU legal challenge over air traffic strikes, FT reports »

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BNED

Barnes & Noble Education

$6.78

0.3 (4.63%)

, MU

Micron

$58.97

-0.26 (-0.44%)

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$6.78

0.3 (4.63%)

MU

Micron

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SCS

Steelcase

$15.55

0.2 (1.30%)

LITE

Lumentum

$56.45

0.8 (1.44%)

HPQ

HP Inc.

$23.31

-0.215 (-0.91%)

THO

Thor Industries

$104.81

6.5 (6.61%)

GLW

Corning

$28.40

0.015 (0.05%)

AOBC

American Outdoor Brands

$13.22

0.13 (0.99%)

LMNR

Limoneira

$26.65

0.63 (2.42%)

VERI

Veritone

$21.52

-0.64 (-2.89%)

TRUP

Trupanion

$41.07

0.8 (1.99%)

ARRS

Arris

$25.51

0.015 (0.06%)

WIX

Wix.com

$107.70

1.15 (1.08%)

03/08/13
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  • 20

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DIS

Disney

$107.28

1.08 (1.02%)

18:55
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Disney puts future 'Star Wars' spinoffs on hold, Collider reports »

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  • 20

    Jun

SPY

SPDR S&P 500 ETF Trust

$276.00

0.52 (0.19%)

, SPX

S&P 500

$0.00

(0.00%)

18:54
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06/20
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18:54
Periodicals
Trump sees U.S. quarterly GDP going much higher, Bloomberg reports »

Says the head of U.S.…

SPY

SPDR S&P 500 ETF Trust

$276.00

0.52 (0.19%)

SPX

S&P 500

$0.00

(0.00%)

X

U.S. Steel

$35.72

0.56 (1.59%)

03/08/13
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GOOG

Alphabet

$1,169.38

1.52 (0.13%)

, GOOGL

Alphabet Class A

$1,183.83

5.54 (0.47%)

18:51
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Senators Cotton, Rubio urge Google to reconsider work with Huawei »

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GOOG

Alphabet

$1,169.38

1.52 (0.13%)

GOOGL

Alphabet Class A

$1,183.83

5.54 (0.47%)

03/08/13
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  • 28

    Oct

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