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Seaport Global Securities downgraded Baker Hughes Incorporated (NYSE:BHI) to Neutral in a report released today.

Seaport Global Securities has downgraded Baker Hughes Incorporated (NYSE:BHI) to Neutral in a report released on 06/21/2017.

Yesterday Baker Hughes Incorporated (NYSE:BHI) traded 5.82% higher at $55.16. The company’s 50-day moving average is $55.90 and its 200-day moving average is $59.83. The last closing price is down -3.60% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 4,124,512 shares of the stock were exchanged, up from an average trading volume of 2,807,600

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Baker Hughes Incorporated (NYSE:BHI)

Baker Hughes Incorporated has a with a one year low of $43.09 and a one year high of $68.59 Baker Hughes Incorporated’s market capitalization is presently $0.

A total of 30 brokerages have issued a ratings update on Baker Hughes Incorporated. Ten brokerages rating the company a strong buy, thirteen brokerages rating the company a buy, eight brokerages rating the company a hold, one brokerage rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $50.72.

General Company Details For Baker Hughes Incorporated (NYSE:BHI)

Baker Hughes, a GE Company is an oil and gas company. The Company is a provider of integrated oilfield products, services and digital solutions. The Company's products and services include upstream, midstream, downstream, industrial and digital. The Company's upstream, which includes evaluation, drilling, completions and production. Midstream enables the power and compression efficiency for LNG and pipeline and storage. Downstream builds reliability and safety into process operations that includes refining and petrochemical and fertilizer solutions. The company's industrial solutions offers power generation, to advanced control systems and sensing technology that power industrial facilities. Digital transformation integrates data on an open platform with security and scale. The digital transformation enables field services with real-time insights. The Company's technology delivers capacities in smaller footprints.

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