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Relatively High Level of Cash Detected in Shares of Baker Hughes Inc in the Oil & Gas Equipment & Services Industry (BHI, FTI, SLB, HAL, NOV)

By James Quinn

Below are the three companies in the Oil & Gas Equipment & Services industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.

Baker Hughes Inc ranks highest with a CE of $7,000. Technipfmc Plc is next with a CE of $6,000. Schlumberger Ltd ranks third highest with a CE of $5,000.

Halliburton Co follows with a CE of $2,000, and Natl Oilwell Var rounds out the top five with a CE of $1,000.

SmarTrend recommended that its subscribers protect gains by selling shares of Baker Hughes Inc on April 25th, 2017 by issuing a Downtrend alert when the shares were trading at $57.81. Since that call, shares of Baker Hughes Inc have fallen 5.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest level of cash :bhi baker hughes inc technipfmc plc schlumberger ltd halliburton co natl oilwell var

Ticker(s): FTI SLB HAL NOV