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|52 Wk Low/High||20.09 / 34.48|
The oil cartel has done well to stabilize oil prices over the past 15 months, but the latest commodity spike could have more to do with geopolitical concerns brought about by the president himself.
Long-suffering GE finally beat analysts' lowered earnings expectations, and here's some evidence that better days could lie ahead.
The oilfield services firms appear set to profit from a rebounding industry, though some comments from the global leaders indicate troubles could be on the horizon for U.S. shale production.
The creature from beneath your bed, or from the darkest recesses of your closet, can still spook the marketplace.
Weakness in Asia's tech sector, along with an ongoing rally in global oil prices and a rise in government bond yields, has global stocks on the defensive Friday.
Baker Hughes, a GE company (NYSE: BHGE) ("BHGE" or the "Company") announced results today for the first quarter of 2018.
I want to hear GE CEO John Flannery go on the offensive Friday.
Analysts have curbed their expectations for oilfield services earnings over the past two months largely due to sand shortage issues that may lead to fewer completions by many of these companies.
Global oil prices have gained nearly 15% since March as investors count the cost of continue OPEC production cuts and the threat of supply disruption from Iran linked to nuclear treaty sanctions, but most energy-related stocks have yet to follow suit.
After a mass exodus from the space in recent years amid the worst commodity downturn in decades, investors are finally thinking about energy stocks, including oilfield services firms.
Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for March 2018 was 972, down 7 from the 979 counted in February 2018, and up 29 from the 943 counted in March 2017.
China announced new tariffs, including a 15% duty on steel pipes, which can be used for petroleum or natural gas.
Bullish inventory data has sent oil prices higher for the second straight week despite a continuing ramp in U.S. drilling activity.
Baker Hughes, a GE company (NYSE: BHGE) will hold a webcast on Friday, April 20, 2018 to discuss the results for the first quarter ending March 31, 2018.
U.S. oil producers took four rigs offline in the past week while gas rigs climbed by seven.
Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for February 2018 was 979, up 19 from the 960 counted in January 2018, and up 38 from the 941 counted in February 2017.
A stronger dollar put pressure on oil early Friday morning, sending the commodity temporarily off record gains hit earlier in the week, and analysts are fearful price volatility such as this will be the theme of 2018.
Chief Financial Officer Jamie Miller said there are no plans to exit GE's Baker Hughes stake prior to the expiration of any lockup periods.
U.S. oil producers brought 26 rigs online, while gas rigs climbed by three, bringing the overall total U.S. rig count to 975.
Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for January 2018 was 960, up 6 from the 954 counted in December 2017, and up 27 from the 933 counted in January 2017.
U.S. oil producers brought six rigs online, but gas rigs declined by seven, bringing the overall total U.S. rig count to 946.
The most recent short interest data was recently released for the 12/29/2017 settlement date, and Baker Hughes, A GE Company is the #185 most shorted of the S&P 500 components, based on 4.17 "days to cover." There are a number of ways to look at short data, but one metric that we find particularly useful is the "days to cover" because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then divided by the average daily volume, to express the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.
Oil rigs climb by 12 to 759, while gas rigs decline by one to 188, bringing the overall total U.S. rig count to 947.
Chief Financial Officer Jamie Miller announced that GE is under investigation by the SEC after taking a $6.2 billion charge related to its insurance portfolio.
The Boston-based industrial conglomerate posts fourth-quarter adjusted earnings of 27 cents a share on revenue of $31.4 billion, missing estimates.
John Flannery sees progress being made on GE's initiatives, but that is what I expected him to say.
Baker Hughes, a GE company (NYSE:BHGE) ("BHGE" or the "Company") announced results today for the fourth quarter of 2017 and the total year ended December 31, 2017.
The Boston-based industrial conglomerate is expected to report fourth-quarter adjusted earnings of 29 cents per share on revenue of $33.8 billion, according to FactSet Research Systems Inc.
Could Danaher be interested in GE's Life Sciences business?
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