Baker Hughes Reports U.S. Rig Count Rises to 548
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy BKR?
Baker Hughes reports that the U.S. rig count is up 1 from last week to 548 with oil rigs up 2 to 410, gas rigs down 1 to 129 and miscellaneous rigs unchanged at 9. The U.S. Rig Count is down 30 rigs from last year's count of 578 with oil rigs down 57, gas rigs up 21 and miscellaneous rigs up 6. The U.S. Offshore Rig Count is down 1 to 18, up 7 year-over-year. The Canada Rig Count is up 1 from last week to 124 with oil rigs up 3 to 77, gas rigs down 2 to 47 and miscellaneous rigs unchanged at 0. The Canada Rig Count is up 10 from last year's count of 114 with oil rigs up 9, gas rigs up 1 and miscellaneous rigs unchanged.
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Analyst Views on BKR
Wall Street analysts forecast BKR stock price to fall
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 63.530
Low
52.00
Averages
61.54
High
67.00
Current: 63.530
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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