Baker Hughes Incorporated (BHI) Shares are Down -1.61%

Baker Hughes Incorporated (BHI) has risen sharply, recording gains of 7.71% in the past 4 weeks. However, the stock has corrected -1.61% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.1% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Baker Hughes Incorporated (NYSE:BHI): The stock opened at $47.37 on Friday but the bulls could not build on the opening and the stock topped out at $47.46 for the day. The stock traded down to $46.80 during the day, due to lack of any buying support eventually closed down at $47.06 with a loss of -0.04% for the day. The stock had closed at $47.08 on the previous day. The total traded volume was 3,498,716 shares.

The stock has recorded a 20-day Moving Average of 3.63% and the 50-Day Moving Average is 3.24%. Baker Hughes Incorporated is up 3.33% in the last 3-month period. Year-to-Date the stock performance stands at 3.12%.

Baker Hughes Incorporated (BHI) : 19 investment research analysts covering Baker Hughes Incorporated (BHI) have an average price target of $51.05 for the near short term. The highest target price given by the Brokerage Firm to the stock is $63 and the lowest target is $36 for the short term. Analysts expect the variance to be within $7.59 of the average price.


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.

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