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Baker Hughes tops second-quarter expectations as strong cash flow lifts shares
InvestorsHub9d agobullish
Baker Hughes tops second-quarter expectations as strong cash flow lifts shares

Baker Hughes (NASDAQ:BKR) reported better-than-expected second-quarter results on Monday, sending its shares about 2% higher in premarket trading as investors welcomed stronger earnings and solid operational performance. The energy technology and oilfield services company posted adjusted earnings per share of $0.

Odessa American, Texas18d agobullish
US rig count up seven as prices soar

The rig count in the Permian Basin was up three this week, the latest count Friday by Baker Hughes shows, with 259 rigs active in the region. A year ago, 263 rigs were active in the region. Nationally, the oil and gas rig count is up seven from last week at 588 rigs. A year ago, 544 rigs were active. The count shows that 452 rigs sought oil, up seven from the previous week, and 126 explored ...

Baker Hughes (BKR) Lands Angola Subsea Deal And North America Geothermal Partnership
Simply Wall St.31d agobullish
Baker Hughes (BKR) Lands Angola Subsea Deal And North America Geothermal Partnership

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...

Is Cactus (WHD) One of the Best American Oil Stocks to Buy Now?
Insider Monkey45d agobullish
Is Cactus (WHD) One of the Best American Oil Stocks to Buy Now?

Cactus, Inc. (NYSE:WHD) is included among the 12 Best American Oil Stocks to Buy Now. Cactus, Inc. (NYSE:WHD) designs, manufactures, sells, and rents engineered pressure control and spoolable pipe technologies in the United States, Australia, Canada, the Middle East, and internationally. On June 6, Stifel upped its price target on Cactus, Inc. (NYSE:WHD) from $66 […]

Citi Sticks with Buy on Baker Hughes (BKR) Despite Lowering Price Target
Insider Monkey51d agobullish
Citi Sticks with Buy on Baker Hughes (BKR) Despite Lowering Price Target

Baker Hughes Company (NASDAQ:BKR) is included among Billionaire Larry Robbins’ 10 Dividend Stock Picks. On June 3, Citi lowered its price recommendation on Baker Hughes Company (NASDAQ:BKR) to $74 from $80. It reiterated a Buy rating on the stock. The revision came as the firm updated its models for companies in the oil and gas […]

Odessa American, Texas81d agobullish
Basin rig count up four as prices jump

The rig count in the Permian Basin was up four this week, the latest count Friday by Baker Hughes shows, with 246 rigs active in the region. A year ago, 282 rigs were active in the region. Nationally, the oil and gas rig count is up three from last week at 551 rigs. A year ago, 576 rigs were active. The count shows that 415 rigs sought oil, up five from the previous week, and 128 explored for ...

US Oil Rig Count Jumps amid Rising Crude Prices
Oilprice.com81d agobullish
US Oil Rig Count Jumps amid Rising Crude Prices

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 551, down 25 from this same time last year.