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BHGE

Baker Hughes

$21.90

-0.88 (-3.86%)

13:02
06/14/19
06/14
13:02
06/14/19
13:02

Baker Hughes reports U.S. rig count down 6 to 969 rigs

Baker Hughes reports U.S. rig count is down 6 rigs from last week to 969, with oil rigs down 1 to 788, gas rigs down 5 to 181, and miscellaneous rigs unchanged at 0. The U.S. Rig Count is down 90 rigs from last year's count of 1,059, with oil rigs down 75, gas rigs down 13, and miscellaneous rigs down 2. The U.S. Offshore Rig Count is up 1 rig to 24 and up 4 rigs year-over-year. The Canada Rig Count is up 4 rigs from last week to 107, with oil rigs up 10 to 69 and gas rigs down 6 to 38. The Canada Rig Count is down 32 rigs from last year's count of 139, with oil rigs down 18 and gas rigs down 14.

BHGE Baker Hughes
$21.90

-0.88 (-3.86%)

03/11/19
GSCO
03/11/19
INITIATION
GSCO
Goldman Sachs starts 19 in Oilfield Services, top pick is Baker Hughes
Goldman Sachs analyst Angie Sedita last night initiated coverage of 19 names in the Oilfield Services & Equipment space. The analyst sees three themes: A slow recovery in the offshore markers benefiting both offshore drilling and subsea, U.S. frac activity outpacing land drilling over the near-term, and a a surge of LNG projects moving forward benefiting companies exposed to those trends. Valuations are at the low end of historical ranges, says the analyst, who expects annual earnings growth of 15%-30% through 2021 for the group. Sedita's top pick is Baker Hughes (BHGE), a stock she started with a Conviction Buy rating. Her top Sell is Diamond Offshore (DO). Along with Baker Hughes, the analyst put Buy ratings on Halliburton (HAL), Schlumberger (SLB), Transocean (RIG), TechnipFMC (FTI), Nine Energy Services (NINE) and ProPetro Holding (PUMP). Along with Diamond Offshore, Sedita also put a Sell rating on RPC, Inc. (RES).
03/15/19
JEFF
03/15/19
NO CHANGE
JEFF
Jefferies downgrades three, upgrades three in Oil Services & Equipment
Jefferies analyst Brad Handler made a handful of rating changes in Oil Services & Equipment. "The harder we look at OFS, the more modest the growth prospects seem," Handler tells investors in a research note. This supports a neutral sector view and favors stock picking, adds the analyst. He downgraded Schlumberger (SLB) to Hold from Buy following the stock's recovery as well as both Helmerich & Payne (HP) and Precision Drilling (PDS) to Hold from Buy on a flat U.S. rig count outlook. Handler also upgraded Oceaneering International (OII) to Buy from Hold citing more confidence in deepwater and a "reasonable" valuation, upgraded Keane Group (FRAC) to Buy from Hold on easing pricing pressure and optionality to put fleets back to work, and upgraded Superior Energy Services to Hold from Underperform. Handler's top picks are Baker Hughes (BHGE), Patterson-UTI (PTEN) and Keane Group. The latter two replace Helmerich & Payne and Apergy (APY).
05/01/19
RBCM
05/01/19
NO CHANGE
Target $33
RBCM
Outperform
Baker Hughes price target lowered to $33 from $40 at RBC Capital
RBC Capital analyst Kurt Hallead lowered his price target on Baker Hughes to $33, adjusting the time frame for average forward multiple in his model to late 2017 from mid-2014 since that was the first combined reporting period for the company. The analyst is also keeping his Outperform rating on Baker Hughes and remains positive on its "multiple levers of growth" amid "robust" LNG equipment demand trends.
06/06/19
JEFF
06/06/19
NO CHANGE
Target $32
JEFF
Buy
Baker Hughes remains a top large-cap pick at Jefferies
Jefferies analyst Brad Handler says Baker Hughes remains his top large-cap pick. The company's Middle East growth should benefit from recent awards and the ADNOC partnership, Handler tells investors in a research note. The analyst finds the shares "very attractive" post the selloff in the group. He keeps a Buy rating on Baker Hughes with a $32 price target.

TODAY'S FREE FLY STORIES

PSTG

Pure Storage

$16.20

0.08 (0.50%)

15:29
06/19/19
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15:29
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15:29
Conference/Events
Pure Storage management to meet with KeyBanc »

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MGA

Magna

$47.61

0.59 (1.25%)

15:29
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Upgrade
Magna rating change  »

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VSTO

Vista Outdoor

$8.12

0.025 (0.31%)

15:28
06/19/19
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15:28
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15:28
Conference/Events
Vista Outdoor management to meet with KeyBanc »

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CYTX

Cytori Therapeutics

$0.25

-0.0129 (-4.83%)

15:25
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15:25
Conference/Events
Cytori Therapeutics to host conference call »

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15:20
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General news
More Powell: there was talk about raising the inflation goal to 4% »

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SCS

Steelcase

$17.74

0.18 (1.03%)

15:19
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Options
Steelcase options imply 11.7% move in share price post-earnings, above median historical move »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
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15:17
06/19/19
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
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15:16
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NYSE market internals summary »

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SPY

SPDR S&P 500 ETF Trust

$292.86

0.53 (0.18%)

, SPX

S&P 500

$0.00

(0.00%)

15:14
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15:14
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General news
Breaking General news story on SPDR S&P 500 ETF Trust, S&P 500 »

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SPY

SPDR S&P 500 ETF Trust

$292.86

0.53 (0.18%)

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$0.00

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SPY

SPDR S&P 500 ETF Trust

$292.81

0.48 (0.16%)

, SPX

S&P 500

$0.00

(0.00%)

15:13
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06/19
15:13
06/19/19
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General news
Powell says labor market 'in a good place' »

Fed Chair Powell said…

SPY

SPDR S&P 500 ETF Trust

$292.81

0.48 (0.16%)

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$0.00

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15:10
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15:10
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Powell: there was not much support for cutting rates now »

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FB

Facebook

$185.40

-3.06 (-1.62%)

, SPY

SPDR S&P 500 ETF Trust

$292.52

0.19 (0.06%)

15:04
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General news
Powell says 'a long way' from digital currencies replacing traditional currency »

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FB

Facebook

$185.40

-3.06 (-1.62%)

SPY

SPDR S&P 500 ETF Trust

$292.52

0.19 (0.06%)

SPX

S&P 500

$0.00

(0.00%)

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AOBC

American Outdoor Brands

$9.05

0.01 (0.11%)

15:04
06/19/19
06/19
15:04
06/19/19
15:04
Options
American Outdoor Brands options imply 17.7% move in share price post-earnings, above median historical move »

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SPY

SPDR S&P 500 ETF Trust

$292.70

0.37 (0.13%)

, SPX

S&P 500

$0.00

(0.00%)

14:59
06/19/19
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14:59
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General news
Breaking General news story on SPDR S&P 500 ETF Trust, S&P 500 »

Powell says 'we have…

SPY

SPDR S&P 500 ETF Trust

$292.70

0.37 (0.13%)

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$0.00

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AAPL

Apple

$197.66

-0.86 (-0.43%)

, GS

Goldman Sachs

$195.44

0.455 (0.23%)

14:58
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Periodicals
Apple expanding credit card test to thousands of retail workers, Bloomberg says »

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AAPL

Apple

$197.66

-0.86 (-0.43%)

GS

Goldman Sachs

$195.44

0.455 (0.23%)

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RRGB

Red Robin

$31.03

-0.96 (-3.00%)

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14:55
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Powell: "i'm sure things will change before the next meeting," »

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SPY

SPDR S&P 500 ETF Trust

$292.78

0.45 (0.15%)

, SPX

S&P 500

$0.00

(0.00%)

14:54
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General news
Breaking General news story on SPDR S&P 500 ETF Trust, S&P 500 »

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SPDR S&P 500 ETF Trust

$292.78

0.45 (0.15%)

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$0.00

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UNH

UnitedHealth

$250.98

5.33 (2.17%)

, DVA

DaVita

$51.30

1.54 (3.09%)

14:52
06/19/19
06/19
14:52
06/19/19
14:52
Periodicals
FTC approves UnitedHealth acquisition of Davita Medical, Forbes says »

The Federal Trade…

UNH

UnitedHealth

$250.98

5.33 (2.17%)

DVA

DaVita

$51.30

1.54 (3.09%)

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RRGB

Red Robin

$31.09

-0.9 (-2.81%)

14:52
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06/19
14:52
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14:52
Hot Stocks
Red Robin shareholder calls for board shakeup »

Vintage Capital, which…

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SPY

SPDR S&P 500 ETF Trust

$293.09

0.76 (0.26%)

, SPX

S&P 500

$0.00

(0.00%)

14:51
06/19/19
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14:51
06/19/19
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General news
Powell says no talks yet on whether next cut would be 25 or 50 basis points »

Fed chair Powell said the…

SPY

SPDR S&P 500 ETF Trust

$293.09

0.76 (0.26%)

SPX

S&P 500

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ORCL

Oracle

$52.68

-0.2 (-0.38%)

14:49
06/19/19
06/19
14:49
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Options
Oracle options imply 7.6% move in share price post-earnings, above median historical move »

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RF

Regions Financial

$14.60

-0.27 (-1.82%)

14:45
06/19/19
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Options
Regions Financial call volume above normal and directionally bullish »

Bullish option flow…

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14:45
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Fed Chair Powell opened his presser noting "significant changes" »

Fed Chair Powell opened…

SPY

SPDR S&P 500 ETF Trust

$292.63

0.3 (0.10%)

, SPX

S&P 500

$0.00

(0.00%)

14:44
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06/19/19
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General news
Powell: Trade 'important driver of sentiment,' but Fed not focused on one thing »

Asked if a trade deal…

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SPDR S&P 500 ETF Trust

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0.3 (0.10%)

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