Trump prepares executive orders to boost fossil fuels, WSJ reports
Written by Emily J. Thompson, Senior Investment Analyst
Trump's Executive Orders: President-elect Donald Trump plans to issue executive orders to promote fossil fuel production and reverse President Biden's initiatives for electric vehicle adoption.
Impact on Drilling Regulations: The orders are expected to lift restrictions on offshore drilling and federal land, affecting various publicly traded companies in the oil and gas sector.
Analyst Views on BKR
Wall Street analysts forecast BKR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BKR is 54.08 USD with a low forecast of 48.00 USD and a high forecast of 59.00 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.
12 Analyst Rating
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 52.000
Low
48.00
Averages
54.08
High
59.00
Current: 52.000
Low
48.00
Averages
54.08
High
59.00
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.
