Baker Hughes Reports U.S. Rig Count Down to 543
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy BKR?
Baker Hughes reports that the U.S. rig count is down 9 from last week to 543 with oil rigs down 5 to 409, gas rigs down 4 to 127 and miscellaneous rigs unchanged at 7. The U.S. Rig Count is down 49 rigs from last year's count of 592 with oil rigs down 75, gas rigs up 24 and miscellaneous rigs up 2. The U.S. Offshore Rig Count is down 1 to 11, down 3 year-over-year. The Canada Rig Count is down 24 from last week to 153 with oil rigs down 19 to 95, gas rigs down 5 to 58 and miscellaneous rigs unchanged at 0. The Canada Rig Count is down 10 from last year's count of 163 with oil rigs down 13, gas rigs up 4 and miscellaneous rigs down 1.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy BKR?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 60.680
Low
52.00
Averages
61.54
High
67.00
Current: 60.680
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.
Analysis of FWD Stock's 52-Week Highs and Lows
- Price Range Analysis: FWD's stock has a 52-week low of $59.03 and a high of $119.15, with the latest trade at $104.95, indicating significant price volatility and varying market perceptions of its value.
- Technical Analysis Tool: Comparing the current stock price to the 200-day moving average can provide investors with valuable insights for technical analysis, aiding in the assessment of price trends and potential buy or sell opportunities.
- ETF Trading Mechanism: Exchange-traded funds (ETFs) trade similarly to stocks, where investors buy and sell 'units' that can be created or destroyed based on investor demand, impacting the buying and selling of underlying assets.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding for ETFs helps identify those experiencing notable inflows (new units created) or outflows (old units destroyed), as these liquidity shifts can influence the performance of individual stocks held within the ETFs.
See More
US Stocks Plunge as Oil Prices Surge Amid Iran Conflict
- Market Decline: The S&P 500 index fell by 1.67%, marking a 7-month low, while the Nasdaq 100 and Dow Jones Industrial Average dropped by 1.93% and 1.73%, respectively, indicating heightened concerns over economic slowdown.
- Oil Price Surge: WTI crude oil prices surged over 5% due to fears surrounding the Iran conflict, which not only exacerbates inflation expectations but may also compel the Federal Reserve to tighten monetary policy, impacting overall economic growth.
- Consumer Sentiment Drop: The University of Michigan's consumer sentiment index was revised down to 53.3 from 55.5, below the expected 54.0, reflecting a pessimistic outlook among consumers regarding future economic conditions, potentially suppressing consumer spending.
- Escalating US-China Trade Tensions: China launched investigations into US trade practices targeting restrictions on Chinese goods, which could further disrupt global supply chains and increase market uncertainty.
See More
XGS Energy and Baker Hughes Unveil Strategic Partnership to Enhance Geothermal Development in New Mexico
Strategic Collaboration Announcement: Energy and Baker Hughes have announced a strategic collaboration aimed at advancing geothermal development in New Mexico.
Focus on Geothermal Development: The partnership will focus on enhancing geothermal energy technologies and projects to promote sustainable energy solutions in the region.
See More
BAKER HUGHES CO: FIRMS TO PROGRESS XGS'S 150-MEGAWATT GEOTHERMAL INITIATIVE IN NEW MEXICO
Project Overview: Companies are collaborating to advance XGS's planned 150-megawatt geothermal project in New Mexico.
Geothermal Energy Focus: The initiative aims to harness geothermal energy, contributing to sustainable energy solutions in the region.
See More
HMH IPO: Soaring Oil Prices May Boost This New Energy Stock.
- Impact of Crude Prices: Oil drillers and energy stocks have seen significant gains this year due to rising crude prices.
- Geopolitical Factors: The surge in crude prices is primarily attributed to the ongoing war in Iran and concerns over supply constraints.
See More
HMH Holding IPO: Enery to Launch Public Offering Amid Rising Oil Prices
- Impact of Crude Prices: Oil drillers and energy stocks have seen significant gains this year due to rising crude prices.
- Geopolitical Factors: The surge in crude prices is attributed to the ongoing war in Iran and concerns over supply constraints.
See More
Analysis of FWD Stock's 52-Week Highs and Lows
- Price Range Analysis: FWD's stock has a 52-week low of $59.03 and a high of $119.15, with the latest trade at $104.95, indicating significant price volatility and varying market perceptions of its value.
- Technical Analysis Tool: Comparing the current stock price to the 200-day moving average can provide investors with valuable insights for technical analysis, aiding in the assessment of price trends and potential buy or sell opportunities.
- ETF Trading Mechanism: Exchange-traded funds (ETFs) trade similarly to stocks, where investors buy and sell 'units' that can be created or destroyed based on investor demand, impacting the buying and selling of underlying assets.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding for ETFs helps identify those experiencing notable inflows (new units created) or outflows (old units destroyed), as these liquidity shifts can influence the performance of individual stocks held within the ETFs.
See More
US Stocks Plunge as Oil Prices Surge Amid Iran Conflict
- Market Decline: The S&P 500 index fell by 1.67%, marking a 7-month low, while the Nasdaq 100 and Dow Jones Industrial Average dropped by 1.93% and 1.73%, respectively, indicating heightened concerns over economic slowdown.
- Oil Price Surge: WTI crude oil prices surged over 5% due to fears surrounding the Iran conflict, which not only exacerbates inflation expectations but may also compel the Federal Reserve to tighten monetary policy, impacting overall economic growth.
- Consumer Sentiment Drop: The University of Michigan's consumer sentiment index was revised down to 53.3 from 55.5, below the expected 54.0, reflecting a pessimistic outlook among consumers regarding future economic conditions, potentially suppressing consumer spending.
- Escalating US-China Trade Tensions: China launched investigations into US trade practices targeting restrictions on Chinese goods, which could further disrupt global supply chains and increase market uncertainty.
See More
XGS Energy and Baker Hughes Unveil Strategic Partnership to Enhance Geothermal Development in New Mexico
Strategic Collaboration Announcement: Energy and Baker Hughes have announced a strategic collaboration aimed at advancing geothermal development in New Mexico.
Focus on Geothermal Development: The partnership will focus on enhancing geothermal energy technologies and projects to promote sustainable energy solutions in the region.
See More
BAKER HUGHES CO: FIRMS TO PROGRESS XGS'S 150-MEGAWATT GEOTHERMAL INITIATIVE IN NEW MEXICO
Project Overview: Companies are collaborating to advance XGS's planned 150-megawatt geothermal project in New Mexico.
Geothermal Energy Focus: The initiative aims to harness geothermal energy, contributing to sustainable energy solutions in the region.
See More
HMH IPO: Soaring Oil Prices May Boost This New Energy Stock.
- Impact of Crude Prices: Oil drillers and energy stocks have seen significant gains this year due to rising crude prices.
- Geopolitical Factors: The surge in crude prices is primarily attributed to the ongoing war in Iran and concerns over supply constraints.
See More
HMH Holding IPO: Enery to Launch Public Offering Amid Rising Oil Prices
- Impact of Crude Prices: Oil drillers and energy stocks have seen significant gains this year due to rising crude prices.
- Geopolitical Factors: The surge in crude prices is attributed to the ongoing war in Iran and concerns over supply constraints.
See More
