Tag: Baker Hughes Incorp

  • Oil Stocks Touched 4 Month Highs: Baker Hughes(NYSE:BHI), Halliburton (NYSE:HAL), National-Oilwell Varco (NYSE:NOV), Transocean LTD (NYSE:RIG)

    Baker Hughes (NYSE:BHI) was upgraded by research analysts at Goldman Sachs from a “neutral” rating to a “buy” rating in a report released on Monday, TheFlyOnTheWall.com reports. The firm currently has a $72.00 target price on the stock, up from their previous target price of $60.00. Goldman Sachs’ price objective would indicate a potential upside of 16.43% from the stock’s previous close. Baker Hughes Incorporated (NYSE:BHI) shares after opening at $61.83 moved to $62.52 on last trade day and at the end of the day closed at $62.11. Company price to sales ratio in past twelve months was calculated as 1.23 and price to cash ratio as 19.67. Baker Hughes Incorporated (NYSE:BHI) showed a positive weekly performance of 0.50%.

    Equities research analysts at Guggenheim increased their price target on shares of Halliburton Company (NYSE:HAL) from $50.00 to $54.00 in a research note issued to investors on Friday, StockRatingsNetwork.com reports. Guggenheim’s price objective indicates a potential downside of 5.86% from the stock’s previous close. Halliburton Company (NYSE:HAL) shares advanced 1.22% in last trading session and ended the day on $58.06. HAL return on equity ratio is recorded as 14.80% and its return on assets is 7.60%. Halliburton Company (NYSE:HAL) yearly performance is 48.76%.

    National-Oilwell Varco (NYSE:NOV) was downgraded by analysts at Goldman Sachs from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. National-Oilwell Varco, Inc. (NYSE:NOV) shares moved up 1.02% in last trading session and was closed at $74.47, while trading in range of $74.12 – $75.02. National-Oilwell Varco, Inc. (NYSE:NOV) year to date (YTD) performance is -6.06%.

    Citigroup upgraded Transocean LTD (NYSE:RIG) to Neutral citing the recent pullback in shares and its belief that day rates are close to a bottom. Citi raised its price target for shares to $41 from $38. Transocean LTD (NYSE:RIG) weekly performance is 4.02%. On last trading day company shares ended up $40.40. Transocean LTD (NYSE:RIG) distance from 50-day simple moving average (SMA50) is -6.32%. Analysts mean target price for the company is $44.60.