Revenue Update on Baker Hughes Incorporated(NYSE:BHI)

Baker Hughes Incorporated(NYSE:BHI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $2.41B. Analysts estimated a revenue of $2.33B. Earnings per share were $-0.90. Analysts had estimated an EPS of $-0.59.

In a different note, On Jul 13, 2016, Citigroup said it Maintains its rating on Baker Hughes Incorporated. In the research note, the firm Lowers the price-target to $54.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 11, 2016, Jefferies said it Upgrades its rating on Baker Hughes Incorporated. In the research note, the firm Raises the price-target to $38.00 per share. The shares have been rated ‘Hold’ by the firm. On May 19, 2016, Citigroup said it Maintains its rating on Baker Hughes Incorporated. In the research note, the firm Raises the price-target to $53.00 per share. The shares have been rated ‘Buy’ by the firm. On May 9, 2016, Goldman Sachs said it Reinstates its rating on Baker Hughes Incorporated. The shares have been rated ‘Neutral’ by the firm. On May 2, 2016, Deutsche Bank said it Maintains its rating on Baker Hughes Incorporated. In the research note, the firm Lowers the price-target to $44.00 per share. The shares have been rated ‘Hold’ by the firm.

Baker Hughes Incorporated (BHI) made into the market gainers list on Thursdays trading session with the shares advancing 0.26% or 0.12 points. Due to strong positive momentum, the stock ended at $47.08, which is also near the day’s high of $47.59. The stock began the session at $46.89 and the volume stood at 29,32,686 shares. The 52-week high of the shares is $59.01 and the 52 week low is $37.58. The company has a current market capitalization of $20,146 M and it has 42,79,01,410 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 7, 2016, William D Marsh (VP, General Counsel) sold 1,500 shares at $49.10 per share price.Also, On Jun 7, 2016, Khalid M Nouh (Vice President) sold 17,000 shares at $46.15 per share price.On May 25, 2016, Alan R Jr Crain (SVP, Chief Legal/Gov Ofcr) sold 20,000 shares at $44.80 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

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