Baker Hughes Company (BKR)
|Net Income (ttm)||1.69B|
|Ex-Dividend Date||Nov 3, 2023|
|Day's Range||31.66 - 32.82|
|52-Week Range||26.12 - 37.58|
|Price Target||39.36 (+23.54%)|
|Earnings Date||Jan 22, 2024|
Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. It operates through two segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations. This segment also provides drilling services, drill bits, and drilling and completions fluids; co... [Read more]
In 2022, BKR's revenue was $21.16 billion, an increase of 3.19% compared to the previous year's $20.50 billion. Losses were -$601.00 million, 174.4% more than in 2021.Financial Statements
According to 14 analysts, the average rating for BKR stock is "Strong Buy." The 12-month stock price forecast is $39.36, which is an increase of 23.54% from the latest price.
The commodity cycle is in full steam ahead mode, with one of the biggest markets (oil) taking the spotlight. Now that the Saudis have reiterated their commitment for OPEC to implement production cuts ...
Baker Hughes BKR, +1.87% on Friday reported that the number of active U.S. rigs drilling for oil rose by 6 to 500 this week. That followed two consecutive weekly declines.
Baker Hughes BKR, +0.85% on Friday reported that the number of active U.S. rigs drilling for oil fell by 2 to 494 this week. That followed a decline of 8 oil rigs last week.
NEW YORK & BROWNSVILLE, Texas--(BUSINESS WIRE)--Texas LNG, a four million tonnes per annum (“MTPA”) liquefied natural gas (“LNG”) export terminal to be constructed in the Port of Brownsville, Texas, a...
Baker Hughes BKR, -0.25% on Friday reported that the number of active U.S. rigs drilling for oil fell by 8 to 496 this week. That followed three consecutive weeks of increases.
FORNEBU, Norway , Nov. 2, 2023 /PRNewswire/ -- Akastor ASA's (OSE: AKAST) 50% owned affiliate HMH Holding B.V. ("HMH") has today successfully completed a USD 200 million senior secured bond issue with...
FORNEBU, Norway , Oct. 30, 2023 /PRNewswire/ -- Akastor ASA's (OSE: AKAST) 50% owned affiliate HMH Holding B.V. ('HMH') has today announced that it has mandated DNB Markets and Nordea as Global Coordi...
The U.S. monthly oil rig count rose for first time since November after drillers added rigs for a third week in a row, energy services firm Baker Hughes said in its closely followed report on Friday.
Baker Hughes Say Recent Mergers Present Opportunities
Oilfield service provider Baker Hughes Chairman and CEO Lorenzo Simonelli says recent mergers in the oil sector create opportunities for his company. He says there have been no disruptions due to the ...
Oilfield and liquefied natural gas supplier Baker Hughes on Thursday raised its full year revenue forecast, primarily on strong demand for its liquefied natural gas (LNG) equipment.
U.S. oilfield technology firm Baker Hughes beat third-quarter profit estimates on Wednesday, driven by strong demand for its services and equipment in international markets.
HOUSTON and LONDON, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Baker Hughes Company (Nasdaq: BKR) (Baker Hughes or the Company) announced results today for the third quarter of 2023.
HOUSTON and LONDON, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.20 per share of Class...
U.S. is set to play tug of war with OPEC+ for oil market share as Middle East hostilities warrant output boost
Oil production cuts this year by the Organization of the Petroleum Exporting Countries and their allies have given the U.S. the price incentive it needed to lift domestic output to its highest level o...
VettaFi recently sat down with Ben Nolan, managing director at Stifel, to discuss the outlook for the global LNG market, third-quarter earnings, and overlooked investment opportunities in the space. V...
U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since mid September, energy services firm Baker Hughes said in its closely followed report on F...
As the global oil market focuses its attention on the oil-supply risks tied to the war between Israel and Hamas, U.S. production has climbed to its highest level on record and it's expected to continu...
Baker Hughes BKR, +0.37% on Friday reported that the number of active U.S. rigs drilling for oil rose by 4 to 501 this week. That followed three consecutive weeks of declines.
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row for the first time since early September, energy services firm Baker Hughes said in its close...
Baker Hughes bkr on Friday reported that the number of active U.S. rigs drilling for oil fell by 5 to 497 this week. That followed two consecutive weeks of declines.
ABU DHABI, United Arab Emirates, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday it has received a letter of award by ADNOC Gas, for and...
Natural gas is 'the best way' to work toward a low carbon economy, says Baker Hughes CEO
Lorenzo Simonelli, CEO of Baker Hughes, discusses natural gas and LNG with CNBC at Abu Dhabi's ADIPEC energy conference.
Baker Hughes CEO says LNG is one of the best ways to reduce the carbon footprint
Lorenzo Simonelli, Baker Hughes CEO, speaks to CNBC's Dan Murphy and Steve Sedgwick about the role of liquefied natural gas in the energy mix.
HOUSTON & LONDON, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday that it has been awarded a major contract, to be booked in the third quar...