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Trader Alert: Baker Hughes Incorporated (BHI), Caterpillar Inc. (CAT), Apache Corporation (APA)

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Baker Hughes Incorporated (BHI) grew with the stock adding 2.04% or $1.26 to close at $63.08 on light trading volume of 2.54M compared its three months average trading volume of 3.48M. The Houston Texas 77073 based company operating under the Oil & Gas Equipment & Services industry has been trending up for the last 52 weeks, with the shares price now 47.82% up for the period and down by -2.91% so far this year. With price target of $68.67 and a 67.05% rebound from 52-week low, Baker Hughes Incorporated has plenty of upside potential, making it a hold with a view buy.

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 comprise 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 consisting of 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 was founded in 1972 and is headquartered in Houston, Texas. As of December 30, 2016, Baker Hughes Incorporated operates as a subsidiary of General Electric Company.

Caterpillar Inc. (CAT) dropped $-1.13 to close the day at a new closing price of $95.66, a -1.17% decrease in value from its previous closing price that moved the stock 65.89% above its 52 week low of $59.8. A total of 5.72M shares exchanged hands during the day compared with its three month average trading volume of 4.89M. The stock, which fluctuated between $94.59 and $96.63 during the day, currently situated -3.82% below its 52 week high. The stock is up by 3.39% in the past one month and up by 14.99% over the past three months. With a one year target estimate of $90.7 and RSI of 53.04, the stock still has upside potential, making it a hold for now.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The company’s Construction Industries segment offers backhoe, small wheel, skid steer, multi-terrain, compact track, medium and compact wheel, and track-type loaders; mini, wheel, and track excavators; track-type tractors; and select work tools, motor graders, telehandlers, soil compactors, and pipelayers, as well as its related parts for the heavy and general construction, rental, mining and quarry, and aggregates markets. Its Resource Industries segment provides electric rope and hydraulic shovels; draglines; drills; highwall and longwall miners; hard rock vehicles; articulated, large mining, and off-highway trucks; large wheel loaders; wheel tractor scrapers; wheel dozers; machinery components; hard rock continuous mining systems; electronics and control systems; and select work tools for use in mining and quarry applications. The company’s Energy & Transportation segment offers reciprocating engines, generator sets, marine propulsion systems, gas turbines and turbine-related services, diesel-electric locomotives, and other rail-related products and services. Its Financial Products segment provides retail and wholesale financing for Caterpillar equipment, machinery, and engines; offers property, casualty, life, accident, and health insurance; insurance brokerage services; and purchases short-term trade receivables. The company’s All Other segments remanufactures Cat engines and components, and provides remanufacturing services for other companies; offers business strategy, and development, management, manufacturing, marketing, and support primarily for paving, forestry, industrial, waste, and Cat products. The company was formerly known as Caterpillar Tractor Co. and changed its name to Caterpillar Inc. in 1986. The company was founded in 1925 and is headquartered in Peoria, Illinois.

Apache Corporation (APA) shares were down in last trading by -0.22% to $59.82. It experienced higher than average volume on day. The stock decreased in value by almost -1.87% over the past week and fell -5.97% in the past month. It is currently trading -6.21% below its 50 day moving average and 3.65% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -12.96% decrease in value from its one year high of $69. The RSI indicator value of 31.85, lead us to believe that it is a hold for now.

Apache Corporation, an independent energy company, explores, develops, and produces natural gas, crude oil, and natural gas liquids. It operates onshore and offshore assets primarily in the Permian Basin, the Anadarko basin in western Oklahoma, the Texas Panhandle, and Gulf Coast areas of the United States, as well as in Western Canada and Gulf of Mexico. The company also operates assets in Egypt and the United Kingdom in the North Sea. As of December 31, 2015, it had total estimated proved reserves of 794 million barrels of crude oil, 198 million barrels of natural gas liquids, and 3.4 trillion cubic feet of natural gas. Apache Corporation was founded in 1954 and is based in Houston, Texas.

 

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