US Oil Drilling Rig Count Remains Steady at 411 for the Week Ending April 10 - Baker Hughes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 10 2026
0mins
Should l Buy BKR?
Source: moomoo
- US Oil Drilling Rig Count: The US oil drilling rig count remained unchanged at 411 as of April 10, according to Baker Hughes.
- Market Implications: The stability in rig count may indicate a steady state in oil production levels amidst fluctuating market conditions.
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Analyst Views on BKR
Wall Street analysts forecast BKR stock price to rise
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 60.600
Low
52.00
Averages
61.54
High
67.00
Current: 60.600
Low
52.00
Averages
61.54
High
67.00
About BKR
Baker Hughes Company is an energy technology company that provides solutions to energy and industrial customers worldwide. The Company's segments include Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). OFSE segment provides products and services for onshore and offshore oilfield operations across the lifecycle of a well, ranging from exploration, appraisal, and development, to production, rejuvenation, and decommissioning. OFSE segment is organized into four product lines: Well Construction; Completions, Intervention, and Measurements; Production Solutions, and Subsea. IET segment provides technology solutions and services for mechanical-drive, compression and power-generation applications across the energy industry including oil and gas, liquefied natural gas operations, downstream refining, and petrochemical markets, as well as lower carbon solutions to broader energy and industrial sectors. IET segment also provides equipment, software, and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- GE Vernova Order Growth: GE Vernova will report alongside Boeing, with first-quarter new orders anticipated to reach $14.4 billion, reflecting a 65% year-over-year increase, indicating strong market performance amid rising electricity demand.
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See More
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- Oil Price Surge: President Trump’s threat of a military blockade in the Strait of Hormuz quickly pushed oil prices back above $100 a barrel, a level that could have widespread implications for the global economy.
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- Broad Business Scope: The divestiture includes Waygate's remote visual inspection, ultrasound, radiography, and imaging solutions portfolios along with all related assets, indicating Baker Hughes' strategic focus on non-destructive testing solutions.
- Strategic Alignment: This transaction aligns with Baker Hughes' goals to enhance portfolio value, strengthen earnings and cash flow, and improve its balance sheet, which is expected to support the company's future financial health.
- Hexagon's Market Position: Hexagon, a Sweden-based measurement technology company with approximately 24,500 employees operating in over 50 countries, will enhance its solution capabilities across industries such as aerospace, automotive, and construction through the acquisition of Waygate Technologies.
See More
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- Asset Integration: The sale includes all assets, intellectual property, and resources of Waygate Technologies, aimed at enhancing the company's profitability and cash flow stability through optimized asset management, thereby improving its financial health.
- Strategic Restructuring: Baker Hughes indicated that this transaction complements three completed deals and the pending acquisition of Chart Industries, demonstrating the company's commitment to reshaping its portfolio in response to market dynamics.
- Future Outlook: The deal is expected to close in the second half of 2026, with J.P. Morgan Securities LLC serving as the exclusive financial advisor to Baker Hughes, ensuring a smooth transaction process and further solidifying the company's market position.
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