BKR - Baker Hughes Company

NYSE - NYSE Delayed Price. Currency in USD
15.05
+0.40 (+2.73%)
At close: 4:00PM EDT
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Momentum

Momentum

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close14.65
Open14.62
Bid0.00 x 3000
Ask0.00 x 1100
Day's Range14.57 - 15.09
52 Week Range9.12 - 25.99
Volume2,982,581
Avg. Volume6,540,630
Market Cap15.539B
Beta (5Y Monthly)1.70
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateJul 22, 2020
Forward Dividend & Yield0.72 (4.64%)
Ex-Dividend DateMay 22, 2020
1y Target Est19.10
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-16% Est. Return
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  • MarketWatch

    Baker Hughes reports U.S. oil-rig count down by 4 this week

    Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil edged down by 4 to 181 this week. That followed a decline of 3 oil rigs a week earlier. The number of oil rigs has not seen an increase since the week ended March 13. The total active U.S. rig count, meanwhile, fell by 5 to 258, according to Baker Hughes. August West Texas Intermediate crude held onto their gains following the data, trading up 56 cents, or 1.4%, at $40.18 a barrel on the New York Mercantile Exchange.

  • US Oil & Gas Rig Tally Hits All-Time Lows for 9 Straight Weeks
    Zacks

    US Oil & Gas Rig Tally Hits All-Time Lows for 9 Straight Weeks

    With oil prices recovering gradually, most analysts opine that the decline in weekly rig count will narrow down further.

  • U.S. Rig Count Declines for the Fourth Consecutive Month
    Zacks

    U.S. Rig Count Declines for the Fourth Consecutive Month

    With oil prices recovering gradually, most analysts opine that the decline in the tally of monthly rig will narrow down further.

  • Baker Hughes Announces June 2020 Rig Counts
    Business Wire

    Baker Hughes Announces June 2020 Rig Counts

    Baker Hughes (NYSE: BKR) announced today that the Baker Hughes international rig count for June 2020 was 781 down 24 from the 805 counted in May 2020, and down 357 from the 1,138 counted in June 2019. The international offshore rig count for June 2020 was 194, down 1 from the 195 counted in May 2020, and down 52 from the 246 counted in June 2019.

  • US Oil & Gas Rig Tally Hits Record Lows for 8 Straight Weeks
    Zacks

    US Oil & Gas Rig Tally Hits Record Lows for 8 Straight Weeks

    If the crude price recovery sustains, since more people are getting back to work on easing lockdown measures, many explorers will consider adding rigs in oil plays.

  • Natural Gas Price Fundamental Daily Forecast – Uptick in Weather-Related Demand Could Fuel Some Short-Covering
    FX Empire

    Natural Gas Price Fundamental Daily Forecast – Uptick in Weather-Related Demand Could Fuel Some Short-Covering

    Overall, demand will be moderate to high the next several days and then high next week.

  • Here's Why You Should Hold on to Baker Hughes (BKR) Stock Now
    Zacks

    Here's Why You Should Hold on to Baker Hughes (BKR) Stock Now

    With oil prices continue to trade in the bearish territory, there has been little incentives by the explorers to hire oilfield service firms like Baker Hughes (BKR) for upstream activities.

  • US Oil & Gas Rig Tally at Record Low for 7 Straight Weeks
    Zacks

    US Oil & Gas Rig Tally at Record Low for 7 Straight Weeks

    If the crude price recovery sustains, since more people are getting back to work on easing lockdown measures, many explorers will consider adding rigs in oil plays.

  • Oilprice.com

    OPEC’s No.2 Is Planning To Develop Huge Gas Reserves

    Iraq is looking to exploit its vast natural gas reserves in order to curb flaring activity and reduce its import dependence on its neighbor Iran

  • Oil Companies Shutting Off Drilling Rigs Across U.S. Shale
    Bloomberg

    Oil Companies Shutting Off Drilling Rigs Across U.S. Shale

    (Bloomberg) -- Oil exploration shrank for a 14th straight week in U.S. fields amid weak crude prices and skepticism about a recovery in energy demand.Drillers idled 10 oil rigs in onshore U.S. fields this week, bringing the total to 189, according to data released Friday by Baker Hughes Co. Despite this week’s rise in crude prices to a three-month high around $40 a barrel, they still are more than 35% below the January high.In the Permian Basin, the oil deposit in West Texas and New Mexico that largely drove the past decade’s surge in U.S. crude output, drillers shut off five rigs, bringing the total to 132, the lowest since April 2016.The rig tally, a widely watched data point that signals future production trends, dropped below 200 last week for the first time in more than a decade. Rather than drill new wells, some companies such as Continental Resources Inc. plan to restart output that was suspended as crude prices tanked earlier this year.Meanwhile, natural gas drilling also slid. Explorers idled three gas rigs this week, pushing the nationwide total to 75, a record low in data going back to 1987, according to Baker Hughes.(Adds Permian Basin activity in third paragraph, gas rigs in final paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • U.S. and Canadian oil & gas rig count falls to record lows - Baker Hughes
    Reuters

    U.S. and Canadian oil & gas rig count falls to record lows - Baker Hughes

    The U.S. oil and gas rig count, an early indicator of future output, fell to a record low for a seventh week in a row, dropping by 13 to 266 in the week to June 19, according to data from energy services firm Baker Hughes Co going back to 1940. U.S. oil rigs fell 10 to 189 this week, their lowest since June 2009, while gas rigs dropped by three to 75, their lowest on record according to data going back to 1987. More than half of the total U.S. oil rigs are in the Permian basin in West Texas and eastern New Mexico, where active units dropped by five this week to 132, tying a record low set in April 2016, according to data going back to 2011.

  • Baker Hughes Announces Date for Second Quarter 2020 Earnings Release and Webcast
    Business Wire

    Baker Hughes Announces Date for Second Quarter 2020 Earnings Release and Webcast

    Baker Hughes will hold a webcast on Wednesday, July 22, 2020 to discuss the results for the second quarter ending June 30, 2020.

  • US Oil & Gas Rig Tally Hits Record Lows for 6 Straight Weeks
    Zacks

    US Oil & Gas Rig Tally Hits Record Lows for 6 Straight Weeks

    Explorers and producers may again start adding rigs in shale plays if oil sustains recovery.

  • Oil Price Fundamental Weekly Forecast – Demand Destruction Worries to Set the Tone
    FX Empire

    Oil Price Fundamental Weekly Forecast – Demand Destruction Worries to Set the Tone

    The industry has a major supply-demand imbalance problem.

  • MarketWatch

    Baker Hughes reports U.S. oil-rig count down by 7 this week

    Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil edged down by seven to 199 this week. The number of oil rigs has seen much larger weekly declines in recent weeks, but have been falling on a weekly basis since mid-March. The total active U.S. rig count, meanwhile, also fell by five to 279, according to Baker Hughes. July West Texas Intermediate crude held onto a modest loss, trading down 11 cents, or 0.3%, at $36.23 a barrel.

  • Is Baker Hughes Company (BKR) A Good Stock To Buy?
    Insider Monkey

    Is Baker Hughes Company (BKR) A Good Stock To Buy?

    In this article we will take a look at whether hedge funds think Baker Hughes Company (NYSE:BKR) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips […]

  • US Oil & Gas Rig Tally Hits Record Lows for 5 Straight Weeks
    Zacks

    US Oil & Gas Rig Tally Hits Record Lows for 5 Straight Weeks

    Explorers and producers may start adding rigs in shale plays since the energy sector is stealing the show again, with oil gradually entering the bullish territory.

  • Oil prices log over 11% weekly rise, with OPEC+ set to meet Saturday to discuss extension of output cuts
    MarketWatch

    Oil prices log over 11% weekly rise, with OPEC+ set to meet Saturday to discuss extension of output cuts

    Crude-oil futures climb sharply on Friday, with prices posting a gain of more than 11% for the week, supported by news that major oil producers will convene Saturday to discuss plans to extend productions cuts.

  • Oilprice.com

    U.S. Rig Count Crashes Below 300

    The U.S. oil and gas rig count continued to plunge this week, falling below 300 as production in key basins slides

  • MarketWatch

    Baker Hughes reports U.S. oil-rig count down by 16 this week

    Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil declined by 16 to 206 this week. The number of oil rigs has fallen on a weekly basis since mid-March, implying further declines in domestic crude output. The total active U.S. rig count, meanwhile, also fell by 17 to 284, according to Baker Hughes. July West Texas Intermediate crude held onto earlier gains, trading up $1.89, or nearly 5.1%, at $39.30 a barrel.

  • MarketWatch

    Baker Hughes May rig count falls 22% from April

    Baker Hughes Co. said Friday that the total number of rigs actively exploring or developing for oil or natural gas was 1,176 in May, down 338, or 22%, from April, as the land count fell 24% to 966 and offshore declined 15% to 210. From a year ago, the total rig count fell 1,006, or 46%. In the U.S., the average daily rig count in May was 348, down 38.5% from April and 64.7% below year-ago levels. The stock rose 0.9% in premarket trading. It has lost 33.1% year to date through Thursday, while the VanEck Vectors Oil Services ETF has shed 48.4% and the S&P 500 has declined 3.7%.

  • Baker Hughes Announces May 2020 Rig Counts
    Business Wire

    Baker Hughes Announces May 2020 Rig Counts

    Baker Hughes (NYSE: BKR) announced today that the Baker Hughes international rig count for May 2020 was 805 down 110 from the 915 counted in April 2020, and down 321 from the 1,126 counted in May 2019. The international offshore rig count for May 2020 was 195, down 33 from the 228 counted in April 2020, and down 45 from the 240 counted in May 2019.

  • The Zacks Analyst Blog Highlights: Halliburton, Baker Hughes, EOG Resources, Parsley Energy and Pioneer Natural Resources
    Zacks

    The Zacks Analyst Blog Highlights: Halliburton, Baker Hughes, EOG Resources, Parsley Energy and Pioneer Natural Resources

    The Zacks Analyst Blog Highlights: Halliburton, Baker Hughes, EOG Resources, Parsley Energy and Pioneer Natural Resources