Baker Hughes Incorporated (NYSE:BHI) has climbed 1.89% in the past week and advanced 3.26% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.12% and the outperformance has advanced to 2.32% for the last 4 weeks period.
Baker Hughes Incorporated (NYSE:BHI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.39 and $46.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.81, notching a gain of 1.87% for the day. The total traded volume was 3,116,468 . The stock had closed at $45.95 on the previous day.
The company shares have dropped -25.00% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $63.22 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $46.03 and the 200 Day Moving Average price is recorded at $44.82.
On the companys insider trading activities,The officer (VP, General Counsel) of Baker Hughes Inc, Marsh William D sold 1,500 shares at $49.1 on June 6, 2016. The Insider selling transaction had a total value worth of $73,650. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Citigroup maintains its outlook on Baker Hughes Incorporated (NYSE:BHI). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $53 per share to $54 per share. The rating by the firm was issued on May 19, 2016. Currently the company Insiders own 0.6% of Baker Hughes Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -38.71% . Institutional Investors own 86.78% of Baker Hughes Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -38.71%.
Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems to the around the world oil and natural gas industry. The Company also provides industrial products and services to the downstream chemicals, and process and pipeline services. It conducts its operations through subsidiaries, affiliates, ventures and alliances. The Company has four geographical operating segments: North America, Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Company also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business. The Companys Integrated Operations is focused on the execution of projects that have attributes, such as project management, well site supervision, well construction, intervention, third-party contractor management, procurement and rig management.