Baker Hughes Lands Multi-Year Deal For Dubai Gas Project
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Baker Hughes Contract: Baker Hughes Company has secured a multi-year contract with Dubai Petroleum Establishment to provide integrated coiled-tubing drilling services for the Margham Gas storage project, enhancing Dubai's energy stability and reducing emissions.
Stock Performance: Following the announcement of the contract, Baker Hughes shares (BKR) experienced a decline of 1.15%, trading at $44.66.
Analyst Views on IEZ
Wall Street analysts forecast IEZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IEZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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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.
