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How does Baker Hughes stack up against its industry peers?
According to Barclays, BHI is “overweight” and it has set a price target of $65 for the company. KeyBanc gave Baker Hughes a “hold” rating.
For the year ended December 31, 2014, the company generated free cash flow of $1.6 billion, which is the highest in Baker Hughes’s history.
Baker Hughes announced that it will cut 7,000 jobs. These job cuts will most likely take place in the first quarter of 2015.
Operating profit margins for Baker Hughes’s industrial services segment were 6.1%, down 440 basis points.
Latin America was the most profitable segment of the year for Baker Hughes. The segment’s operating margin was 20% in 4Q14, up 750 basis points sequentially.
For full-year 2014, Baker Hughes’s North America segment recorded an 11% increase in revenue to $12 billion.
During the fourth quarter, Baker Hughes generated $838 million in free cash flow, which is a record for the company.
During 2014, BHI’s global products and services group introduced more than 160 new products and services to the market.
In November 2014, Halliburton (HAL), one of the largest oilfield service providers, agreed to acquire Baker Hughes.
Baker Hughes is a leading supplier of oilfield services, products, technology, and systems to the worldwide oil and natural gas industry.
Activist hedge fund ValueAct Capital declared a 5.1% stake in Baker Hughes in its 13D filing on January 15, 2015.
Apple credited its better-than-expected 4Q14 earnings to the successful launch of iPhone 6 and iPhone 6 Plus.
For 4Q14, Osram posted a 1% comparable revenue increase from a year earlier.
Cliffs saw its share price increase by ~25% after it released its third-quarter results for 2014.
Greenlight said that the Affordable Care Act did not impact Cigna, and it saw growth in earnings and multiples.
Keysight’s 2014 net revenue of $2.9 billion rose 2% when compared to 2013, with test equipment contributing 2 percentage points of the increase.
ISS Group’s global revenue amounted to 78.5 billion DKK ($12.21 billion) in 2013. ISS has more than 520,000 employees and operations in over 50 countries.
Greenlight Capital added a new position in Time Warner at an average price of $72.72 per share.
The value of Greenlight Capital’s US long portfolio in the last reported 3Q14 13F was $6.9 billion.
Morgan Stanley analysts upgraded Lithia Motors to overweight from underweight, following a sell-off resulting in a ~30% drop in Lithia’s share price.