Baker Hughes Stock Gaps Up On Today's Open (BHI)

NEW YORK ( TheStreet) -- Shares of Baker Hughes (NYSE: BHI) were gapping up Friday morning with an open price 11% higher than Thursday's closing price. The stock closed at $41.75 Thursday and opened today's trading at $46.35.

The average volume for Baker Hughes has been 5.9 million shares per day over the past 30 days. Baker Hughes has a market cap of $18.35 billion and is part of the basic materials sector and energy industry. Shares are down 14% year to date as of the close of trading on Thursday.

Baker Hughes Incorporated supplies oilfield services, products, and technology services and systems to the oil and natural gas industry worldwide. The company has a P/E ratio of 10.6, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Baker Hughes as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full Baker Hughes Ratings Report.

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