Baker Hughes Incorporated BHI saw a big move last Friday, as the company’s shares fell by nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for BHI, as the stock is now down 12% since Dec 1.
Although this slump was obviously disappointing, the oil-field services company has seen 5 positive revisions and its current year earnings consensus has moved higher over the past two months. This suggests that the recent slump might be a temporary blip on the radar for BHI. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
BHI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the same sector is Dawson Geophysical Company DWSN, holding a Zacks Rank #2 (Buy).
Is BHI going up? Or down? Predict to see what others think: Up or Down
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