|Day Low/High||61.54 / 62.57|
|52 Wk Low/High||37.58 / 68.59|
Ahead of its combination with Baker Hughes, General Electric's oil and gas business will weigh on fourth quarter financial results.
Jim Cramer says because of the company's positioning in long-term industries, the stock is a great holding for the next five years.
General Electric is set to release its fourth-quarter earnings results on Friday before the market opens.
These companies show signs of a change of direction.
The oil rig count dips by seven, while gas rigs climbs by one less than two weeks after OPEC began its production cuts.
On Friday, investors will get quarterly results from a host of major banks.
The firm prefers the small- and mid-cap names in the lucrative west Texas Permian Basin.
Oil producers are expected to ramp production in response to OPEC's recent production cut agreement, but the U.S. Department of Energy suspects this will stunt oil price increases through 2018.
Domestic crude stockpiles increased by 4.1 million barrels less than two weeks after OPEC initiated production cuts to rebalance the global oil market.
If Rex Tillerson is confirmed as the next Secretary of State, oilfield services could see the playing field expand to Russia, presenting new opportunities for profit.
Blackstone, Bain and Clayton Dubilier & Rice are reportedly vying for GE Water, one of a number of assets the conglomerate has on the block
Investors can still obtain good returns from master limited partnerships, since many of them are still offering attractive dividend yields.
Oilfield services companies could benefit if the sanctions against Russia are lifted.
Oil prices were lower Monday as signs of increasing U.S. supply outweighed confidence that OPEC and other international producers would stick to a deal to curb production output.
WTI futures fall nearly 2% as traders adjust positions after solid U.S. rig count and reports of increased supply.
Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for December 2016 was 929, up 4 from the 925 counted in November 2016, and down 166 from the 1,095 counted in December 2015.
The Dow Jones Industrial Average came agonizingly close to its 20,000 milestone before falling short and backing off.
U.S. oil producers added 4 rigs, while natural gas producers brought 3 rigs online, bring the overall count up to 665.
On Friday, January 6, the December jobs report is released.
Baker Hughes Incorporated (NYSE: BHI) announced today that it will release its financial results for the fourth quarter and full year of 2016 on Thursday, January 26, 2017, at 6:30 a.
U.S. benchmark WTI crude hits an 18-month high just days after OPEC implemented its production cuts.
Baker Hughes Incorporated (NYSE:BHI), CSL Capital Management and West Street Energy Partners (WSEP), a fund managed by the Merchant Banking Division of Goldman Sachs, announced today that they have completed their pending...
Baker Hughes reports that domestic oil producers added two rigs, while gas producers brought three rigs online during the past week.
On Friday investors await the final economic data points of 2016.
Domestic crude inventories increased for the second week in a row as the Organization of Petroleum Exporting Countries readies for output cuts.
For the week of December 26, investors await a slew of economic data points.