Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

BAKER HUGHES COMPANY

(BKR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

U.S. Oil-Rig Count Rises by 12 in Latest Week, Baker Hughes Says

10/15/2021 | 11:34am EST

By Matt Grossman

The number of rigs drilling for oil in the U.S. climbed by 12 in the latest week to 445, according to oil-field services company Baker Hughes Co.

The oil-rig count was 240 higher than a year earlier, when there were 205 active rigs, Baker Hughes said Friday.

The nation's gas-rig count ticked down by one to 98 in the latest week, and was up by 24 compared with the 74 rigs active in the same week last year.

The U.S. offshore-rig count stood at 12 this week, up by one from last week. This time last year, there were 14 active offshore rigs.

The U.S. oil-rig count is viewed as a proxy for activity in the sector. The metric peaked at 1,609 in October 2014.

Global oil benchmark Brent crude rose to about $84.66 a barrel Friday. West Texas Intermediate crude, the U.S. benchmark, rose to about $82.06 a barrel.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

10-15-21 1334ET

Stocks mentioned in the article
ChangeLast1st jan.
BAKER HUGHES COMPANY 2.48% 24 Delayed Quote.11.94%
WTI 1.44% 67.252 Delayed Quote.38.87%
All news about BAKER HUGHES COMPANY
03:50pUS ECONOMICS : November Labor Market Report Headlines Busy Economic Calendar
MT
11/30INSIDER SELL : Baker Hughes
MT
11/30BAKER HUGHES : Foundation Contributes $60,000 to Water Access Projects
PU
11/29Subsea 7 Starts Work On Buzzard Phase II Development
MT
11/29NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
11/26NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
11/24Energy Adds to Gains After Strong Economic Data -- Energy Roundup
DJ
11/24US Oil Rig Count Rises by Six This Week, Baker Hughes Says
MT
11/24U.S. drillers add oil and gas rigs for record 16th month -Baker Hughes
RE
11/24Baker Hughes Rig Count
MT
More news
Analyst Recommendations on BAKER HUGHES COMPANY
More recommendations
Financials (USD)
Sales 2021 20 557 M - -
Net income 2021 -291 M - -
Net Debt 2021 2 928 M - -
P/E ratio 2021 -69,7x
Yield 2021 3,07%
Capitalization 20 375 M 20 375 M -
EV / Sales 2021 1,13x
EV / Sales 2022 1,06x
Nbr of Employees 54 000
Free-Float 75,0%
Chart BAKER HUGHES COMPANY
Duration : Period :
Baker Hughes Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BAKER HUGHES COMPANY
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Last Close Price 23,42 $
Average target price 29,43 $
Spread / Average Target 25,7%
EPS Revisions
Managers and Directors
Lorenzo Simonelli Chairman, President & Chief Executive Officer
Brian Worrell Chief Financial Officer
Jennifer Hartsock Chief Information Officer
Uwem Ukpong Executive Vice President-Global Operations
Gregory D. Brenneman Independent Director
Sector and Competitors
1st jan.Capi. (M$)
BAKER HUGHES COMPANY11.94%20 375
SCHLUMBERGER LIMITED31.38%39 807
HALLIBURTON COMPANY11.90%18 932
CNOOC ENERGY TECHNOLOGY & SERVICES LIMITED20.92%4 597
NOV INC.-14.57%4 583
DIALOG GROUP BERHAD-27.25%3 385