Baker Hughes: 4th-Worst-Performing Energy Stock of XLE in 2017
By Nicholas Chapman
Jan 25, 2018 | 5:14 PM
Baker Hughes fell nearly 30%
Baker Hughes, a GE company (BHGE), the fourth-worst-performing energy stock of the Energy Select Sector SPDR ETF (XLE), is from the oilfield services industry. In 2017, it fell ~30% to $31.64 from its 2016 close of $45.26. It significantly underperformed the Energy Select Sector SPDR ETF (XLE) in 2017. XLE fell ~3% in 2017. BHGE also underperformed crude oil (USO) and natural gas (UNG). In 2017 crude oil rose ~12%, and natural gas fell ~21%.