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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

Baker Hughes Stock Upgraded; Sees Composite Rating Climb To 99

On Friday, Baker Hughes got an upgrade for its IBD SmartSelect Composite Rating from 91 to 99.

The revised score means the stock currently tops 99% of all other stocks in terms of key performance metrics and technical strength.

Baker Hughes is now out of buy range after clearing the 27.66 entry in a consolidation.

See How IBD Helps You Make More Money In Stocks

 

The stock has a 91 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 91% of all stocks.

Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.

The company posted a 255% earnings-per-share gain for Q2. It has now posted accelerating EPS gains for two consecutive quarters. Sales growth climbed 25%, up from 18% in the prior report. That marks four consecutive reports with rising growth.

Baker Hughes earns the No. 1 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Weatherford Intl and Archrock are also among the group's highest-rated stocks.

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