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MarketScreener Homepage  >  Equities  >  Nyse  >  Baker Hughes Company    BKR

BAKER HUGHES COMPANY

(BKR)
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U.S. Oil-Rig Count Fell by Four in Latest Week

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09/06/2019 | 01:32pm EDT

By Allison Prang

The number of rigs drilling for oil in the U.S. fell by four in the past week to 738, according to oil-field services company Baker Hughes, a GE Company.

The U.S. oil-rig count typically is viewed as a proxy for activity in the sector. After peaking at 1,609 in October 2014, low oil prices put downward pressure on production and the rig count fell sharply. The oil-rig count generally has been rising since the summer of 2016.

The nation's gas-rig count fell by two to 160, according to Baker Hughes.

The U.S. offshore-rig count is the same as last week at 28, which is nine more than a year ago.

The price of West Texas Intermediate crude was 0.6% higher at $56.66 a barrel in afternoon trading Friday.

Write to Allison Prang at allison.prang@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
BAKER HUGHES COMPANY -0.13% 15.17 Delayed Quote.-40.81%
GENERAL ELECTRIC COMPANY -2.41% 6.88 Delayed Quote.-38.35%
LONDON BRENT OIL -0.37% 43.06 Delayed Quote.-35.92%
WTI 0.04% 40.876 Delayed Quote.-33.38%
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Financials (USD)
Sales 2020 20 033 M - -
Net income 2020 -12 280 M - -
Net Debt 2020 3 607 M - -
P/E ratio 2020 -0,94x
Yield 2020 4,75%
Capitalization 9 956 M 9 956 M -
EV / Sales 2020 0,68x
EV / Sales 2021 0,66x
Nbr of Employees 60 000
Free-Float 63,3%
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Technical analysis trends BAKER HUGHES COMPANY
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TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 28
Average target price 20,80 $
Last Close Price 15,17 $
Spread / Highest target 71,4%
Spread / Average Target 37,1%
Spread / Lowest Target 15,4%
EPS Revisions
Managers
NameTitle
Lorenzo Simonelli Chairman, President & Chief Executive Officer
Uwem Ukpong Executive Vice President-Global Operations
Brian Worrell Chief Financial Officer
Jennifer Hartsock Chief Information Officer
Gregory D. Brenneman Independent Director
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