Aggressive’ Bullish Options Activity Seen in Baker Hughes Incorporated

 Aggressive' Bullish Options Activity Seen in Baker Hughes Incorporated

In today’s session Baker Hughes Incorporated (BHI) registered an unusually high (303) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious BHI increase. With 303 contracts traded and 113404 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: BHI161118C00052500 closed last at: $1.8 or 27.7% up. About 1.77 million shares traded hands. Baker Hughes Incorporated (NYSE:BHI) has risen 13.18% since March 4, 2016 and is uptrending. It has outperformed by 5.14% the S&P500.

Analysts await Baker Hughes Incorporated (NYSE:BHI) to report earnings on October, 19. They expect $-0.43 EPS, down 760.00% or $0.38 from last year’s $-0.05 per share. After $-0.90 actual EPS reported by Baker Hughes Incorporated for the previous quarter, Wall Street now forecasts -52.22% EPS growth.

Baker Hughes Incorporated (NYSE:BHI) Ratings Coverage

Out of 22 analysts covering Baker Hughes Incorporated (NYSE:BHI), 14 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 64% are positive. Baker Hughes Incorporated has been the topic of 49 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Citigroup maintained the stock with “Buy” rating in Monday, April 25 report. On Tuesday, August 16 the stock rating was maintained by Nomura with “Neutral”. The rating was maintained by Jefferies with “Hold” on Friday, July 29. The company was maintained on Friday, July 29 by Howard Weil. iBERIA Capital Partners downgraded the stock to “Sector Perform” rating in Thursday, April 28 report. Citigroup maintained the shares of BHI in a report on Wednesday, March 23 with “Buy” rating. The firm has “Buy” rating given on Monday, October 5 by Citigroup. The firm has “Conviction List” rating given on Wednesday, August 26 by Iberia Capital Partners. The rating was downgraded by Jefferies to “Underperform” on Friday, April 8. Citigroup maintained Baker Hughes Incorporated (NYSE:BHI) on Wednesday, August 31 with “Buy” rating.

According to Zacks Investment Research, “Baker Hughes Inc. is engaged in the oilfield and process industries. In addition, the company manufactures and sells other products and provides services to industries that are not related to the oilfield or continuous process industries. The company conducts certain of its operations through joint ventures, partnerships or alliances.”

Insitutional Activity: The institutional sentiment increased to 0.93 in Q2 2016. Its up 0.13, from 0.8 in 2016Q1. The ratio increased, as 86 funds sold all Baker Hughes Incorporated shares owned while 197 reduced positions. 83 funds bought stakes while 181 increased positions. They now own 371.39 million shares or 0.31% less from 372.55 million shares in 2016Q1.
The Japan-based Sumitomo Life has invested 0.17% in Baker Hughes Incorporated (NYSE:BHI). Moreover, Gemmer Asset Mngmt has 0.01% invested in Baker Hughes Incorporated (NYSE:BHI) for 360 shares. Hudson Bay Capital Management Ltd Partnership accumulated 4,500 shares or 0.01% of the stock. Department Mb Finance Savings Bank N A owns 124,701 shares or 0.95% of their US portfolio. Tradition Mgmt Limited Liability Com, a New Jersey-based fund reported 9,263 shares. Amica Retiree Trust holds 0.13% or 3,268 shares in its portfolio. Moreover, Virginia Retirement Et Al has 0.04% invested in Baker Hughes Incorporated (NYSE:BHI) for 53,300 shares. Hightower Llc last reported 0.03% of its portfolio in the stock. Cohen Steers holds 511,800 shares or 0.06% of its portfolio. The Oregon-based Oregon Employees Retirement Fund has invested 0.1% in Baker Hughes Incorporated (NYSE:BHI). Hall Laurie J Trustee holds 0.2% or 7,000 shares in its portfolio. Charter Tru last reported 0.08% of its portfolio in the stock. Harris Assoc Ltd Partnership accumulated 0.43% or 4.76 million shares. Fjarde Ap last reported 102,415 shares in the company. Catalyst Capital Advisors Ltd Liability Com has invested 0.06% of its portfolio in Baker Hughes Incorporated (NYSE:BHI).

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 8 selling transactions for $4.62 million net activity. KEIFER ALAN J had sold 17,434 shares worth $918,787. 7,000 shares with value of $329,035 were sold by CRAIN ALAN R JR on Wednesday, August 3. MARSH WILLIAM D also sold $73,655 worth of Baker Hughes Incorporated (NYSE:BHI) shares. Another trade for 17,000 shares valued at $784,550 was made by Nouh Khalid M on Friday, June 3.

Baker Hughes Incorporated is engaged in the oilfield services industry. The company has a market cap of $22.93 billion. The Firm is a supplier of oilfield services, products, technology and systems used in the oil and natural gas industry around the world. It currently has negative earnings. The Firm also provides industrial services and products for other businesses, including downstream chemicals, and process and pipeline services.

BHI Company Profile

Baker Hughes Incorporated, incorporated on November 3, 1986, is engaged in the oilfield services industry. The Firm is a supplier of oilfield services, products, technology and systems in the oil and natural gas industry around the world. The Firm also provides industrial services and products for other businesses, including downstream chemicals, and process and pipeline services. It conducts its activities through its subsidiaries, affiliates, ventures and alliances. The Firm has four geographical operating divisions: North America, Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Firm also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business.

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