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Last $54.82 USD
Change Today +0.08 / 0.15%
Volume 5.4M
BHI On Other Exchanges
Symbol
Exchange
SIX Swiss Ex
Mexico
As of 8:04 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

baker hughes inc (BHI) Key Developments

GE Reportedly Eyeing Baker Hughes And Halliburton Assets

General Electric Company (NYSE:GE) (GE) is planning to make acquisitions. A source told Trend that the company is plans to soon acquire oil and gas assets of the Halliburton Company (NYSE:HAL) and Baker Hughes Incorporated (NYSE:BHI) in Azerbaijan. The source added that after their merger, the companies decided to sell some of their equipment and services, including those in Azerbaijan. The source stated, “The matter rests in both the drilling equipment and specific services such as cementing of wells and other drilling operations. The oil and gas unit of General Electric [GE Oil & Gas] is interested in the acquisition of these assets in Azerbaijan.” The news report mentioned that the source did not specify the date when the deal will be announced officially.

Baker Hughes Incorporated Reports International Rig Count for Month of July 2015

Baker Hughes Incorporated reported international rig count for month of July 2015. For the month, the company announced that the international rig count for July 2015 was 1,118, down 28 from the 1,146 counted in June 2015, and down 264 from the 1,382 counted in July 2014. The international offshore rig count for July 2015 was 264, down 13 from the 277 counted in June 2015, and down 72 from the 336 counted in July 2014. The average U.S. rig count for July 2015 was 866, up 5 from the 861 counted in June 2015, and down 1,010 from the 1,876 counted in July 2014. The average Canadian rig count for July 2015 was 183, up 54 from the 129 counted in June 2015, and down 167 from the 350 counted in July 2014. The worldwide rig count for July 2015 was 2,167, up 31 from the 2,136 counted in June 2015, and down 1,441 from the 3,608 counted in July 2014.

Baker Hughes Incorporated Declares Regular Quarterly Cash Dividend Payable September 23, 2015

Baker Hughes Incorporated announced that the Baker Hughes Board of Directors declared the regular quarterly cash dividend of $0.17 per share of common stock payable September 23, 2015 to holders of record on September 2, 2015.

Baker Hughes Incorporated Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Baker Hughes Incorporated reported consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $3,968 million against $5,935 million a year ago. Operating loss was $144 million against operating income of $631 million a year ago. Loss before income taxes was $197 million against income before income taxes of $572 million a year ago. Net loss attributable to the company was $188 million against net income attributable to the company of $353 million a year ago. Basic and diluted loss per share was $0.43 against diluted earnings per share of $0.80 a year ago. Capital expenditures were $258 million against $424 million a year ago. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $290 million against $1,085 million a year ago. Adjusted EBITDA was $459 million against $1,159 million a year ago. Adjustments to profit before tax were $106 million against $12 million a year ago. For the six months, the company reported revenue of $8,562 million against $11,666 million a year ago. Operating loss was $918 million against operating income of $1,183 million a year ago. Loss before income taxes was $1,025 million against income before income taxes of $1,067 million a year ago. Net loss attributable to the company was $777 million against net income attributable to the company of $681 million a year ago. Basic and diluted loss per share was $1.77 against diluted earnings per share of $1.55 a year ago. Capital expenditures were $573 million against $863 million a year ago. Net cash flows provided by operating activities were $837 million against $696 million a year ago. Loss before interest, taxes, depreciation and amortization (EBITDA) were $24 million against earnings before interest, taxes, depreciation and amortization (EBITDA) of $2,074 million a year ago. Adjusted EBITDA was $917 million against $2,206 million a year ago. Adjustments to profit before tax were $305 million against $70 million a year ago.

Baker Hughes Announces June 2015 Rig Counts

Baker Hughes Incorporated announced that the international rig count for June 2015 was 1,146, down 12 from the 1,158 counted in May 2015, and down 198 from the 1,344 counted in June 2014. The international offshore rig count for June 2015 was 277, down 7 from the 284 counted in May 2015, and down 43 from the 320 counted in June 2014. The average U.S. rig count for June 2015 was 861, down 28 from the 889 counted in May 2015, and down 1,000 from the 1,861 counted in June 2014. The average Canadian rig count for June 2015 was 129, up 49 from the 80 counted in May 2015, and down 111 from the 240 counted in June 2014. The worldwide rig count for June 2015 was 2,136, up 9 from the 2,127 counted in May 2015, and down 1,309 from the 3,445 counted in June 2014.

 

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Industry Analysis

BHI

Industry Average

Valuation BHI Industry Range
Price/Earnings 91.9x
Price/Sales 1.1x
Price/Book 1.3x
Price/Cash Flow 91.4x
TEV/Sales 0.8x
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