Baker Hughes, Inc. (NYSE:BHI)
CAPS Rating:
The company is a provider of drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.
The company is a provider of drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.
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Recs
This stock is the perfect example of the ridiculous effect of "analysts estimates" on performance. Their last two quarters were the best in the company's history, by quite a lot. Yet the price has gone from ~$80 in July to <$50 now. Obvious reason: they came in lower than the very high analysts expectations. Despite massive increases in all performance numbers, there has been a sell-off. I call this a strong buy. If I'm missing another reason, I appreciate any input.
I agree, I work for BHI and all the numbers are good, I put the maximum allowed into the ESPP and am considering buying more through conventional means, I'm confident this will reap me some longer term rewards.