Published: Fri, May 19, 2017
Business | By Max Garcia

US Drillers Add Oil Rigs For 18th Week In A Row

US Drillers Add Oil Rigs For 18th Week In A Row

The stock of Baker Hughes Incorporated (NYSE:BHI) registered an increase of 13.95% in short interest.

COPYRIGHT VIOLATION WARNING: This report was originally published by Markets Daily and is the property of of Markets Daily. 2,080,040 shares of the company traded hands. Baker Hughes's payout ratio is -10.83%. About 23,000 shares traded or 84.40% up from the average. It has by 0.00% the S&P500.

Baker Hughes Incorporated is engaged in the oilfield services industry. The stock's market capitalization is $24.31 billion. Most wells produce both oil and gas. It now has negative earnings. The Company also provides products and services for other businesses, including downstream chemicals, and process and pipeline services.

Investors sentiment is 1.04 in 2016 Q4. Its the same as in 2016Q3.

Several hedge funds and other institutional investors have recently modified their holdings of BHI. 380.64 million shares or 2.91% more from 369.89 million shares in 2016Q3 were reported. Pinebridge Lp holds 16,558 shares or 0.03% of its portfolio. Whittier Tru Comm accumulated 0.5% or 180,623 shares. Brown Advisory Inc. now owns 5,791 shares of the oilfield services provider's stock worth $376,000 after buying an additional 53 shares in the last quarter. Phocas Fincl invested in 0.41% or 95,530 shares. Dearborn Prtn Lc holds 0.02% of its portfolio in Baker Hughes Incorporated (NYSE:BHI) for 4,085 shares. Spot Trading Ltd Limited Liability Company holds 34,484 shares or 0.05% of its portfolio. The company presently has a consensus rating of "Hold" and an average target price of $62.33.

Stock analysts at FBR & Co cut their Q2 2017 EPS estimates for shares of Baker Hughes in a report released on Wednesday, Zacks Investment Research reports. The rating was maintained by Howard Weil with "Sector Outperform" on Thursday, October 27. SunTrust Banks, Inc. started coverage on Baker Hughes in a report on Wednesday, January 18th. The rating was upgraded by Susquehanna to "Positive" on Thursday, February 9. Jefferies Group now has a "Hold" rating and a $67.00 target price on the stock. Stephens downgraded the stock to "Equal-Weight" rating in Thursday, April 28 report. The correct version of this article can be viewed at Partners Capital Investment Group Holdings LLC raised its position in shares of Baker Hughes by 0.3% in the first quarter.

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