US rig count rises 8 this week to 916; Texas up 5

Terrell Bush
June 3, 2017

Co., Ltd (NASDAQ:FFHL) has declined 14.41% since June 2, 2016 and is downtrending. It has underperformed by 3.05% the S&P500. Laurion Cap Management Ltd Partnership, a New York-based fund reported 9,445 shares. On Monday, May 29 the stock rating was maintained by RBC Capital Markets with "Buy". First Manhattan owns 2,070 shares for 0% of their portfolio. Norges Bank acquired a new stake in shares of Baker Hughes during the fourth quarter worth approximately $254,792,000. About 966,986 shares traded.

Baker Hughes Incorporated (NYSE:BHI) is anticipated to report earnings of 8015.00% per share for next year, according to research brokerages covering the stock. It has outperformed by 11.99% the S&P500.The move comes after 7 months negative chart setup for the $23.42B company. Lone Pine Capital Llc sold 2.83 million shares as Expedia Inc Del (EXPE)'s stock rose 18.57%. It also reduced Home Depot Inc (NYSE:HD) stake by 6,529 shares and now owns 1.20 million shares.

The European Commission (EU) cleared General Electric Co.'s (NYSE: GE) purchase of oilfield services firm Baker Hughes Inc. Therefore 55% are positive. The total active US rig count, which includes oil and natural-gas rigs, climbed by 8 to 916, according to Baker Hughes. Baker Hughes Incorporated (NYSE:BHI), at its latest closing price of $55.53, it has a price-to-book ratio of 2.01, compared to an industry average at 1.77. They issued a "hold" rating and a $62.00 target price on the stock. On Friday, March 24 the stock rating was initiated by Tudor Pickering with "Buy". Royal Bank of Canada reaffirmed a "buy" rating and issued a $72.00 price objective on shares of Baker Hughes in a research note on Friday. Finally, Evercore ISI set a $72.00 target price on shares of Baker Hughes and gave the stock an "outperform" rating in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. The rating was downgraded by Morgan Stanley to "Equal-Weight" on Monday, February 8.

Analysts expect Baker Hughes Incorporated (NYSE:BHI) to report $-0.12 EPS on July, 27.They anticipate $0.78 EPS change or 86.67 % from last quarter's $-0.9 EPS. Analysts predict that Baker Hughes Incorporated will post $0.02 EPS for the current year. After $-0.04 actual EPS reported by Baker Hughes Incorporated for the previous quarter, Wall Street now forecasts 200.00% negative EPS growth.

Investors sentiment is 1.04 in Q4 2016. Its the same as in 2016Q3. The institutional investor owned 752,053 shares of the oilfield services provider's stock after selling 34,791 shares during the period. 220 were accumulated by Tarbox Group. The oilfield services provider reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.21) by $0.17. Baldwin Brothers Inc Ma reported 0.04% stake. 118.93 million shares or 4.10% less from 124.02 million shares in 2016Q3 were reported. Mirae Asset Invs Com Ltd, Korea-based fund reported 14,214 shares. Bernstein initiated the shares of BHI in report on Friday, December 2 with "Mkt Perform" rating. Susquehanna Bancshares Inc upgraded Baker Hughes from a "neutral" rating to a "positive" rating and set a $71.00 target price for the company in a research report on Thursday, February 9th.

On 10/26/2016 Baker Hughes Incorporated announced a quarterly dividend of $0.17 1.25% with an ex dividend date of 11/3/2016 which will be payable on 11/18/2016. 212 are held by Clearbridge Lc.

Today, Baker Hughes Incorporated (NYSE:BHI) stock received an upgrade by ValuEngine from Sell to Hold. Levy Harkins And Company holds 3.41% or 137,588 shares in its portfolio.

Frontier Capital Management Co Llc increased Boise Cascade Co. It also upped Cadence Design Systems Inc. Tru Com Of Virginia Va holds 3,108 shares. Popular Inc. (NASDAQ:BPOP) was raised too. The firm is scheduled to report its next earnings report on Thursday, July 27th.

The company reported its EPS on 04/25/2017. Simply put, readings in the range of 80% to 100% indicate that the security is oversold while readings in the 0% to 20% range suggest it is overbought. MUMBLOW STEPHEN P sold $1.41 million worth of stock.

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