Baker Hughes Reports U.S. Rig Count Down to 550
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 27 2026
0mins
Should l Buy BKR?
Baker Hughes reports that the U.S. rig count is down 1 from last week to 550 with oil rigs down 2 to 407, gas rigs up 1 to 134 and miscellaneous rigs unchanged at 9. The U.S. Rig Count is down 43 rigs from last year's count of 593 with oil rigs down 79, gas rigs up 32 and miscellaneous up 4. The U.S. Offshore Rig Count is down 1 to 17, up 4 year-over-year. The Canada Rig Count is down 10 from last week to 214 with oil rigs down 8 to 145, gas rigs down 2 to 69 and miscellaneous unchanged at 0. The Canada Rig Count is down 34 from last year's count of 248 with oil rigs down 32, gas rigs down 2 and miscellaneous rigs unchanged.
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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: 59.340
Low
52.00
Averages
61.54
High
67.00
Current: 59.340
Low
52.00
Averages
61.54
High
67.00
About BKR
Baker Hughes Company is an energy technology company with a portfolio of technologies and services that span the energy and industrial value chain. The Company operates in two segments: 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 is organized into four product lines: Well Construction; Completions, Intervention, and Measurements; Production Solutions, and Subsea and Surface Pressure Systems. 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 (LNG) operations, downstream refining and petrochemical markets, as well as lower carbon solutions to broader energy and industrial sectors.
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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- Positive Market Response: The successful pricing of this debt offering reflects investor confidence in Baker Hughes' financial health, which is expected to provide the necessary liquidity to navigate market fluctuations and seize investment opportunities.
- Planned Use of Funds: Baker Hughes intends to utilize the proceeds from this debt financing to support its operations and strategic investments, particularly in the energy transition and renewable energy sectors, further solidifying its market position.
- Long-term Strategic Positioning: Through this debt issuance, Baker Hughes not only enhances its financial flexibility but also lays the groundwork for future acquisition opportunities and technological innovations, showcasing the company's optimistic outlook on industry prospects.
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