Last $69.77 USD
Change Today -0.61 / -0.87%
Volume 4.5M
BHI On Other Exchanges
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As of 8:04 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

baker hughes inc (BHI) Snapshot

Open
$70.20
Previous Close
$70.38
Day High
$70.50
Day Low
$69.39
52 Week High
04/23/14 - $70.91
52 Week Low
06/24/13 - $43.34
Market Cap
30.4B
Average Volume 10 Days
4.9M
EPS TTM
$2.86
Shares Outstanding
436.0M
EX-Date
05/1/14
P/E TM
24.4x
Dividend
$0.60
Dividend Yield
0.86%
Current Stock Chart for BAKER HUGHES INC (BHI)

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baker hughes inc (BHI) Details

Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. The company offers drilling and evaluation products and services, which include drill bits for performance drilling, hole enlargement, and coring; conventional and rotary steerable systems used to drill wells; measurement-while-drilling and logging-while-drilling systems to perform reservoir navigation services; drilling optimization services; tools for coil tubing drilling and wellbore re-entry systems; coring drilling systems; surface logging; emulsion and water-based drilling fluids systems; reservoir drill-in fluids; and fluids environmental services. Its drilling and evaluation products and services also include wire line services, such as tools for open hole and cased hole well logging to gather data to perform petro physical and geophysical analysis; reservoir evaluation coring; casing perforation; fluid characterization; production logging; well integrity testing; pipe recovery; and seismic and micro seismic services. In addition, the company provides completion and production products and services comprising completion systems used to control the flow of hydrocarbons within a wellbore; wellbore intervention products and services to enhance the performance of existing wellbores; intelligent production system products and services to monitor and control the production from individual wells or fields; artificial lifts, such as electric submersible pump systems, progressing cavity pump systems, gas lift systems, and surface horizontal pumping systems to lift oil and water; chemicals and chemical application systems; and cementing, stimulation, and coil tubing services. Further, it offers industrial products and services to the downstream chemicals, and process and pipeline industries. The company operates in approximately 80 countries. Baker Hughes Incorporated was founded in 1972 and is headquartered in Houston, Texas.

59,000 Employees
Last Reported Date: 04/17/14
Founded in 1972

baker hughes inc (BHI) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.1M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $754.6K
President of Global Products & Services and V...
Total Annual Compensation: $643.1K
Chief Legal & Governance Officer and Senior V...
Total Annual Compensation: $715.3K
Vice President of Strategy and Corporate Deve...
Total Annual Compensation: $595.8K
Compensation as of Fiscal Year 2013.

baker hughes inc (BHI) Key Developments

Baker Hughes Incorporated and Aker Solutions ASA Agree to Form an Alliance to Develop Technology for Production Solutions

Baker Hughes Incorporated and Aker Solutions ASA have agreed to form an alliance to develop technology for production solutions that will boost output, increase recovery rates and reduce costs for subsea fields. The non-incorporated alliance will combine Aker Solutions' strengths in subsea production and processing systems with Baker Hughes' expertise in well completions and artificial-lift technology to deliver reliable, integrated in-well and subsea production solutions that will help mitigate risk, accelerate output and extend the life of subsea fields. The alliance team also will focus on advancing the industry's well-intervention capabilities to further optimize efficiency and reduce risks in subsea developments. The structure of the alliance provides the flexibility for each company to offer any products and services to design the best solution for customers' production challenges.

Baker Hughes Incorporated Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Financial Guidance for the Full Year of 2014 and 2015

Baker Hughes Incorporated reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, revenue was $5,731 million against $5,230 million a year ago. Operating income was $552 million against $455 million a year ago. Income before income taxes was $495 million against $400 million a year ago. Net income was $336 million against $268 million a year ago. Net income attributable to the company was $328 million or $0.74 per diluted share against $267 million or $0.60 per basic and diluted share a year ago. Capital expenditures were $439 million against $490 million a year ago. Net cash flows provided by operating activities were $303 million against $386 million a year ago. Expenditures for capital assets were $439 million against $490 million a year ago. Adjusted EBITDA was $1,047 million against $893 million a year ago. Adjusted net income for the first quarter was $369 million or $0.84 per share. The performance is the result of actions to optimize operational efficiency, along with increasing demand for several innovative new product offerings The company provided financial guidance for the full year of 2014 and 2015. The company expects to generate generous cash flow in 2014 and 2015 and keep capex pretty much in line with where the company is now. But there's a lot of cash being generated regardless of slight changes in the capex program from quarter-to-quarter.

Baker Hughes Announces Production Results for the First Quarter of 2014

Baker Hughes Incorporated announced that the U.S. onshore well count for the first quarter 2014 was 8,853 wells, down 230 wells or 3% compared to the fourth quarter 2013. Compared to the first quarter 2013, the well count was up 319 wells or 4%. Due to improved drilling efficiencies, the average US onshore drilling rig now produces 3% more wells compared to the same quarter last year. Compared to the fourth quarter 2013, the well count decreased most notably in the Eagle Ford (down 61 wells or 5%), Marcellus (down 52 wells or 9%), Barnett (down 47 wells or 13%), and Williston (down 30 wells or 4%) basins. These decreases were offset by increases in the Permian basin (up 23 wells or 1%). The average US onshore rig count for the first quarter 2014 was 1,724 rigs, up 27 rigs from the fourth quarter 2013, and up 18 rigs from the first quarter 2013. On average, the US onshore rig fleet produced 5.14 new wells during the quarter, which represents a 3% improvement in drilling efficiencies compared to the same quarter in 2013.

 

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Industry Analysis

BHI

Industry Average

Valuation BHI Industry Range
Price/Earnings 27.0x
Price/Sales 1.4x
Price/Book 1.7x
Price/Cash Flow 26.5x
TEV/Sales 1.1x
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