Baker Hughes Incorporated Can’t Burn Your Long Portfolio. Option Traders are Bullish

 Baker Hughes Incorporated Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session Baker Hughes Incorporated (BHI) registered an unusually high (3,059) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious BHI increase. With 3,059 contracts traded and 2894 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: BHI170120C00062500 closed last at: $2.17 or 210% up. About 3.92 million shares traded hands. Baker Hughes Incorporated (NYSE:BHI) has risen 27.74% since March 30, 2016 and is uptrending. It has outperformed by 24.72% the S&P500.

Baker Hughes Incorporated (NYSE:BHI) Ratings Coverage

Out of 24 analysts covering Baker Hughes Incorporated (NYSE:BHI), 16 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 67% are positive. $81 is the highest target while $34 is the lowest. The $55.02 average target is 1.46% above today’s ($54.23) stock price. Baker Hughes Incorporated has been the topic of 53 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Monday, May 9, the company rating was maintained by Goldman Sachs. Jefferies upgraded the shares of BHI in a report on Monday, July 11 to “Hold” rating. The rating was maintained by Barclays Capital with “Overweight” on Monday, March 28. Cowen & Co upgraded it to “Outperform” rating and $65 target price in Wednesday, October 26 report. Deutsche Bank downgraded the stock to “Hold” rating in Wednesday, April 6 report. As per Thursday, April 28, the company rating was downgraded by iBERIA Capital Partners. The firm earned “Hold” rating on Friday, July 29 by Jefferies. The stock has “Buy” rating given by Citigroup on Monday, April 25. The firm has “Outperform” rating given on Monday, October 10 by RBC Capital Markets. The firm has “Conviction List” rating given on Wednesday, August 26 by Iberia Capital Partners.

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 2016 Q2. Its up 0.13, from 0.8 in 2016Q1. The ratio is positive, 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.
Moreover, Blue Bell Private Wealth Mngmt Llc has 0.01% invested in Baker Hughes Incorporated (NYSE:BHI) for 400 shares. Rwc Asset Limited Liability Partnership accumulated 29,698 shares or 0.09% of the stock. Boston has invested 0.01% of its portfolio in Baker Hughes Incorporated (NYSE:BHI). Azimuth Capital Management Ltd Liability Corporation, a Michigan-based fund reported 5,800 shares. Moreover, Capital Fund Mngmt Sa has 0.19% invested in Baker Hughes Incorporated (NYSE:BHI) for 445,301 shares. State Of New Jersey Common Pension Fund D holds 0.27% of its portfolio in Baker Hughes Incorporated (NYSE:BHI) for 1.30M shares. Deprince Race And Zollo holds 8,717 shares or 0.01% of its portfolio. Tci Wealth Advisors Incorporated accumulated 2,056 shares or 0.05% of the stock. Blackrock Group last reported 4.66M shares in the company. The Monaco-based Tyrus Capital Sam has invested 0.41% in Baker Hughes Incorporated (NYSE:BHI). Morgens Waterfall Vintiadis & holds 1.96% of its portfolio in Baker Hughes Incorporated (NYSE:BHI) for 47,000 shares. Founders Capital Management Limited Liability Com last reported 4,762 shares in the company. Samsung Asset Mngmt (New York) Incorporated holds 0.67% of its portfolio in Baker Hughes Incorporated (NYSE:BHI) for 19,150 shares. The Montana-based Stockman Asset Mngmt has invested 2.02% in Baker Hughes Incorporated (NYSE:BHI). Charter last reported 0.08% of its portfolio in the stock.

Insider Transactions: Since May 23, 2016, the stock had 0 insider purchases, and 9 sales for $4.78 million net activity. The insider MARSH WILLIAM D sold $73,655. 7,000 shares were sold by CRAIN ALAN R JR, worth $329,035 on Wednesday, August 3. 17,000 shares were sold by Nouh Khalid M, worth $784,550 on Friday, June 3. Another trade for 17,434 shares valued at $918,787 was sold by KEIFER ALAN J.

Baker Hughes Incorporated is engaged in the oilfield services industry. The company has a market cap of $21.49 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.

More notable recent Baker Hughes Incorporated (NYSE:BHI) news were published by: Investorplace.com which released: “Why Centurylink Inc (CTL), Baker Hughes Incorporated (BHI) and Zimmer Biomet …” on October 31, 2016, also Fool.com with their article: “Baker Hughes Incorporated’s Q3 Earnings Show a Company Headed in the Right …” published on October 25, 2016, Moodys.com published: “Moody’s reviews Baker Hughes for upgrade” on October 31, 2016. More interesting news about Baker Hughes Incorporated (NYSE:BHI) were released by: Investorplace.com and their article: “Why Baker Hughes Incorporated (BHI), Dean Foods Co (DF) and Royal Caribbean …” published on October 28, 2016 as well as Schaeffersresearch.com‘s news article titled: “Buzz Stocks: Level 3 Communications, Inc., Baker Hughes Incorporated, and …” with publication date: October 31, 2016.

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