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Investing.com -- Wolfe Research initiated coverage of three major oilfield services companies on Wednesday, assigning Outperform ratings to SLB and Baker Hughes while rating Halliburton at Peer Perform, as analyst Carlos Escalante said the industry faces "a selective capital cycle favoring international exposure."
Kodiak Gas Services (NYSE:KGS) shares gained 4% on Wednesday morning after the company announced a long-term strategic partnership with Baker Hughes (NASDAQ:BKR) to provide gas-powered electricity generation for the expanding U. S.
As part of the agreement, Baker Hughes will initially supply Kodiak equipment capable of generating 1 GW of power by 2030.
Energy stocks were advancing pre-bell Wednesday, with the State Street Energy Select Sector SPDR ETF
US stocks are expected to extend losses on Wednesday after oil prices spiked following an exchange of strikes between the US and Iran that led to President Donald Trump declaring the ceasefire "over". Dow Jones futures were down 1.1%, with S&P 500 futures pointing to a 0.9% drop, while...
FTSE 100 falls 173 points to 10,493 Oil prices hit 2-week high after US, Iran strikes Vistry warns on profits again Jet2 results in line, outlook impresses 4.05pm: Miners, banks and airlines lead the way down Heading towards the close, the Footsie is back close to its lowest...
With an average upside potential of 36.76% according to Wall Street analysts, Baker Hughes Company (NASDAQ:BKR) is included among the 10 Most Promising Energy Stocks to Buy Now. Baker Hughes Company (NASDAQ:BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide. On July 2, TD Cowen analyst Marc Bianchi raised the […]
Shares of energy technology company Baker Hughes (NASDAQ:BKR) jumped 2.5% in the afternoon session after oil prices surged following attacks on commercial ships near the Strait of Hormuz.
Baker Hughes (NasdaqGS:BKR) secured a major contract to supply subsea production systems for Angola's Greater PAJ development. The company entered a new commercial agreement to support large scale geothermal energy deployment in North America. These twin contract wins put Baker Hughes in focus for investors watching both offshore oil and lower carbon energy opportunities. The subsea award in Angola's Greater PAJ project expands the company's presence in Sub Saharan Africa, supporting...
Baker Hughes is poised to release its second-quarter results later this month, with analysts expecting a double-digit decrease in earnings.
Baker Hughes (BKR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
While strong cash flow is a key indicator of stability, it doesn’t always translate to superior returns. Some cash-heavy businesses struggle with inefficient spending, slowing demand, or weak competitive positioning.
Under the new arrangement, Baker Hughes will supply maintenance and support services for equipment linked to the Train 7 project.
Baker Hughes strengthens its offshore portfolio with a major Angola subsea contract, reinforcing its deepwater technology leadership and future revenue visibility.
The rig count in the Permian Basin was up two this week, the latest count Friday by Baker Hughes shows, with 258 rigs active in the region. A year ago, 270 rigs were active in the region. Nationally, the oil and gas rig count is up 10 from last week at 573 rigs. A year ago, 547 rigs were active. The count shows that 440 rigs sought oil, up seven from the previous week, and 125 explored for ...
The contract includes deepwater horizontal tree systems, subsea control modules and intervention workover control systems for the project.
Baker Hughes and Mantle Reach Power have announced a new commercial agreement to facilitate the large scale deployment of geothermal energy in North America.
Baker Hughes Company (NASDAQ:BKR) is included among the 10 Dividend Stocks With Low Payout Ratios and Strong Upside Potential. On June 24, Reuters reported that Baker Hughes Company (NASDAQ:BKR) signed an agreement with geothermal developer Mantle Reach Power. The deal is to deliver up to 500 megawatts of geothermal capacity in North America. The companies […]
Baker Hughes recently announced multiple contract wins and partnerships, including a major subsea production systems award for Angola’s Greater PAJ project, long-term lifecycle and digital services for the ANOH gas plant in Nigeria, and a geothermal deployment agreement with Mantle Reach Power in North America. Together, these deals highlight how Baker Hughes is using its subsea, turbomachinery and geothermal technologies to deepen exposure to gas infrastructure and lower-carbon energy...
BKR partners with Mantle Reach Power to advance geothermal projects, expanding its energy transition footprint and creating new growth opportunities.
Wondering if Baker Hughes is starting to look expensive or still offers value at current levels? This article breaks down what the recent share price means for you as a potential or existing investor. Baker Hughes last closed at US$56.38, with the stock down about 3.5% over the past week and 15.5% over the past month, while still showing a 19.6% gain year to date and a 49.7% return over the past year. These moves are drawing fresh attention to Baker Hughes as investors reassess the stock in...
Shares of energy technology company Baker Hughes (NASDAQ:BKR) fell 4.5% in the afternoon session after crude oil dropped to its lowest level since the start of the Iran war, as tankers resumed transit through the Strait of Hormuz and the U.S. and Iran signaled progress toward ending the conflict.
Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index dropping 2.5% and th
Baker Hughes expands its Nigeria footprint through a long-term services agreement for the ANOH Gas Processing Plant, adding digital and lifecycle support.
The contract covers spare parts, repairs, engineering advice and digital support for the plant’s turbomachinery, including two NovaLT16 gas turbines.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at oilfield services stocks, starting with Baker Hughes (NASDAQ:BKR).
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