Oil futures close lower as US drillers increase rigs — Oil & Gas News

This corresponds to a 35.33% upside from the last closing price. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The rating by the firm was issued on July 8, 2015. The Insider selling transaction had a total value worth of $1,027,907. The disclosure for this sale can be found here. Sterne Agee CRT restated a buy rating on shares of Baker Hughes in a research note on Wednesday, July 22nd. Citigroup decreased price target from $78 to $77. BHI stock price has outperformed the S&P 500 by 0.4%. One research analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The Oil Field Services company announced earnings per share of $-0.14 against a consensus Street estimate of $-0.14, matching the average estimate. The company has a market capitalization of $24.96 billion and a P/E ratio of 95.91. The stock has a 50-day moving average of $58.98 and a 200-day moving average of $62.68. The 52-week high of Baker Hughes Incorporated (NYSE:BHI) is $70.51 and the 52-week low is $47.51.

In its weekly release, Houston-based oilfield services company Baker Hughes Inc.

Texas was the big victor last week after seeing its rig count climb by eight to 383 rigs compared to the 908 rigs operating in the state during the same time previous year.

According to Baker Hughes, the number of rigs looking for oil and gas jumped to 884 last week, up 10 rigs from last week but still 1,024 fewer rigs compared to the same time a year ago.

A recent analyst activity consisted of Citigroup reiterating their Buy stance on July 8. On a consensus basis this yields to an Overweight rating.

There were 39 rotary rigs working in Pennsylvania the week ending August 7, according to oilfield services company Baker Hughes. The Business is a supplier of products oilfield services, technology and systems to natural gas industry and the the world petroleum. The Organization also provides industrial products to the downstream chemicals, and process and pipeline services. The Company conducts its operations through subsidiaries, affiliates, ventures and alliances.