Baker Hughes Incorporateds in-depth stock price analysis indicates that the stock price has rallied 0.48% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 20.23% . Looking at the past 52 week period, the stock price is up at 53.26% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Baker Hughes Incorporated has a positive value of 48.23 compared to overall market. Baker Hughes Incorporated (NYSE:BHI) has tumbled 1.13% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.38% in the last four weeks. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.93%. Baker Hughes Incorporated (NYSE:BHI) has underperformed the index by 1.42% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Baker Hughes Incorporated (NYSE:BHI) : On Friday heightened volatility was witnessed in Baker Hughes Incorporated (NYSE:BHI) which led to swings in the share price. The stock opened for trading at $62.8 and hit $63.09 on the upside , eventually ending the session at $61.15, with a gain of 0.15% or 0.09 points. The heightened volatility saw the trading volume jump to 3,130,747 shares. The 52-week high of the share price is $68.59 and the company has a market cap of $26,009 million. The 52-week low of the share price is at $38.16 .
Baker Hughes Incorporated Last issued its quarterly earnings results on Jan 26, 2017. The company reported $-0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.17. Analyst had a consensus of $-0.13. The company had revenue of $2410.00 million for the quarter, compared to analysts expectations of $2382.19 million. The companys revenue was down -29.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.21 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Baker Hughes Incorporated was Upgraded by Susquehanna to Positive on Feb 9, 2017. Baker Hughes Incorporated was Initiated by SunTrust to Hold on Jan 18, 2017. Baker Hughes Incorporated was Downgraded by Credit Suisse to Neutral on Jan 4, 2017. Baker Hughes Incorporated was Downgraded by Susquehanna to Neutral on Jan 4, 2017. Baker Hughes Incorporated was Initiated by Bernstein to Mkt Perform on Dec 2, 2016.
Company has reported several Insider transactions to the SEC, on Nov 16, 2016, Gregory D Brenneman (director) purchased 85,000 shares at 58.84 per share price.On Nov 10, 2016, Belgacem Chariag (Vice President) sold 15,000 shares at 58.08 per share price.On Oct 11, 2016, Alan R Jr Crain (SVP, Chief Legal/Gov Ofcr) sold 3,000 shares at 53.00 per share price.
Baker Hughes Inc. is engaged in the oilfield and process industries. In addition, the company manufactures and sells other products and provides services to industries that are not related to the oilfield or continuous process industries. The company conducts certain of its operations through joint ventures, partnerships or alliances.