Baker Hughes (BHI) is Upgraded by KeyBanc Capital Mkts to Overweight

Baker Hughes (BHI) is Upgraded by KeyBanc Capital Mkts to Overweight , according to the research report released to the investors. Earlier the firm had a rating of Sector Weight on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

Baker Hughes Incorporated has dropped 9.54% during the last 3-month period . Year-to-Date the stock performance stands at -16.73%.The company shares have dropped -18.53% from its 1 Year high price. On May 5, 2015, the shares registered one year high at $70.45 and the one year low was seen on Dec 18, 2015. The 50-Day Moving Average price is $49.24 and the 200 Day Moving Average price is recorded at $54.35.

Baker Hughes Incorporated (NYSE:BHI) has lost 3.29% during the past week and dropped 12.3% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 2.48%. Baker Hughes Incorporated (NYSE:BHI) has underperformed the index by 10.25% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Baker Hughes Incorporated (NYSE:BHI) : On Thursday heightened volatility was witnessed in Baker Hughes Incorporated (NYSE:BHI) which led to swings in the share price. The shares opened for trading at $45.38 and hit $46.4 on the upside , eventually ending the session at $46.15, with a gain of 0.85% or 0.39 points. The heightened volatility saw the trading volume jump to 1,341,227 shares. The 52-week high of the share price is $70.45 and the company has a market cap of $20,125 million. The 52-week low of the share price is at $42.78 .

Currently the company Insiders own 0.27% of Baker Hughes Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -52.77% . Institutional Investors own 88.37% of Baker Hughes Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -58.36%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The officer (Vice President) of Baker Hughes Inc, Ward Richard D sold 1,440 shares at $51.47 on November 23, 2015. The Insider selling transaction had a total value worth of $74,117. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Baker Hughes Incorporated (Baker Hughes) is engaged in the oilfield services industry. Baker Hughes is a supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. It also provides industrial and other products and services to the downstream refining, and the process and pipeline industries. The Company conducts its operations through subsidiaries, affiliates, ventures and alliances. It operates in more than 80 countries worldwide. The Company operates in five segments: North America, Latin America, Europe/Africa/Russia Caspian, Middle East/Asia Pacific and Industrial Services. Its oilfield products and services fall into one of two groups, Drilling and Evaluation or Completion and Production. The Drilling and Evaluation group consists of Drill Bits, Drilling Services, Wireline Services, and Drilling and Completion Fluids. Its Industrial Services segment consists of downstream chemicals and process and pipeline services businesses.