In its weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was higher than the prior week’s figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company’s oilfie ...

Baker Hughes Company (BKR) has witnessed upward earnings estimate revisions for 2024 and 2025 in the past seven days.The stock, currently carrying a Zacks Rank #3 (Hold), has rallied 9.8% in the past year. Image Source: Zacks Investment Research Factors Driving the StockFavorable Style ScoreBaker Hughes has an impressive Value Score of B and a Growth Score of B. Value Score helps find stocks that are undervalued. Back-tested results have shown that stocks with a favorable Value Score, combined with a solid ...

Baker Hughes Company (BKR) is set to report first-quarter 2024 results on Apr 23, after the closing bell.In the last reported quarter, the oilfield service provider’s adjusted earnings of 51 cents per share beat the Zacks Consensus Estimate of 47 cents, driven by higher contributions from the Oilfield Services and Equipment and the Industrial & Energy Technology business units.The company beat on earnings in each of the trailing four quarters, delivering an average surprise of 11.44%. This is depicted in th ...

In its weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was lower than the prior week’s figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company’s oilfiel ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Baker Hughes (BKR) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 23, 2024, might help the stock move higher if these key numbers are better than expec ...

Baker Hughes Company (BKR) ), a leading energy technology company, has recently clinched a significant deal from Black & Veatch, a global leader in engineering, construction and consulting services.The contract involves supplying electric-driven liquefaction technologies for the Cedar LNG project in Canada, marking a pivotal step toward environmentally conscious liquefied natural gas (LNG) production. This collaboration highlights the commitment of both companies toward fostering greener energy practices an ...

In its weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was lower than the prior week’s figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company’s oilfiel ...

Oil prices are on the rise, and these dividend giants are reaping the benefits.Shares of oil producers ExxonMobil (XOM 1.38%) and Pioneer Natural Resources (PXD 1.09%) and oil field services giant Baker Hughes (BKR 1.15%) rallied in March, up 11.2%, 11.6%, and 13.2%, respectively, according to data from S&P Global Market Intelligence.Global tensions, falling U.S. gasoline stocks, and widening refiner crack spread all contributed to the favorable oil and gas environment in March, continuing the upturn since ...

A standard drilling rig that Chevron will be drilling its first onshore test well for the 14,000-acre Bayou Bend CCUS project is photographed on Thursday, Feb. 22, 2024 in Winnie area. It is expected to have the capacity to store more than 1 billion metric tons of carbon dioxide in underground geologic structures.Yi-Chin Lee | Houston Chronicle | Hearst Newspapers | Getty ImagesA paper mill in a small Mississippi town could help demonstrate whether capturing carbon dioxide emissions and storing it deep unde ...

Baker Hughes Company (BKR) ), a leading energy technology company, has secured a contract with Snam, Europe’s premier operator in natural gas infrastructure. The agreement entails supplying Snam with three NovaLT™12 gas turbine-driven compressor trains for a new gas compressor station in Sulmona, Italy.Milestone in Decarbonization EffortsThe Sulmona station forms an integral part of the Adriatic Line, a pipeline project initiated by Snam. This project, included in Italy’s National Recovery and Resilience Pl ...