Baker Hughes Incorporated (BHI) has risen sharply, recording gains of 6.33% in the past 4 weeks. However, the stock has corrected -3.49% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.56% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 3.1% and the fifty day Moving Average is 8.86%. Baker Hughes Incorporated is up 10.87% in the last three month period. Year-to-Date the stock performance stands at 11.45%.
Baker Hughes Incorporated (BHI) : The highest level Baker Hughes Incorporated (BHI) is projected to reach is $63 for the short term and the lowest estimate is at $37. The consolidated price target from 19 rating analysts who initiate coverage on the stock is $51.63 and the possibility the share price can swing is $7.42.
Baker Hughes Incorporated (NYSE:BHI): On Fridays trading session , Opening price of the stock was $51.86 with an intraday high of $52.04. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $50.71. However, the stock managed to close at $50.86, a loss of 1.53% for the day. On the previous day, the stock had closed at $51.65. The total traded volume of the day was 2,613,347 shares.
Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems to the around the world oil and natural gas industry. The Company also provides industrial products and services to the downstream chemicals, and process and pipeline services. It conducts its operations through subsidiaries, affiliates, ventures and alliances. The Company has four geographical operating segments: North America, Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Company also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business. The Companys Integrated Operations is focused on the execution of projects that have attributes, such as project management, well site supervision, well construction, intervention, third-party contractor management, procurement and rig management.