Here's Why Hold Strategy is Apt for Baker Hughes Stock

Baker Hughes Company (BKR) has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 60 days. The Zacks Consensus Estimate for its 2024 earnings per share suggests a year-over-year surge of almost 41%. What's Favoring the BKR Stock? The West Texas Intermediate crude price is hovering around the $70-per-barrel mark, which is highly favorable for exploration and production activities. Solid oil prices will likely pave the way for further rig additions despite a slowdown in drilling activi ...