Baker Hughes Partners with Frontier On Carbon Capture Push: Details
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Baker Hughes and Frontier Infrastructure Partnership: Baker Hughes has partnered with Frontier Infrastructure to enhance carbon capture and storage (CCS) and power solutions in the U.S., focusing on the development of the Sweetwater Carbon Storage Hub in Wyoming, which is designed for industrial emitters.
Company Updates and Financial Outlook: Baker Hughes appointed a new CFO and maintains a strong financial outlook, targeting a 20% EBITDA margin for its Oilfield Services and Industrial Energy Technology segments by 2025 and 2026, respectively.
Analyst Views on OIH
Wall Street analysts forecast OIH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OIH 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.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 339.260
Low
Averages
High
Current: 339.260
Low
Averages
High
No data
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.
