BKR - Baker Hughes Company

NYSE - NYSE Delayed Price. Currency in USD
23.61
+0.10 (+0.43%)
At close: 4:00PM EST
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Previous Close23.51
Open23.43
Bid0.00 x 1100
Ask30.88 x 4000
Day's Range23.40 - 23.84
52 Week Range1.18 - 28.65
Volume5,454,792
Avg. Volume4,604,016
Market Cap24.255B
Beta (5Y Monthly)0.98
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateJan. 21, 2020
Forward Dividend & Yield0.72 (3.05%)
Ex-Dividend DateNov. 05, 2019
1y Target Est29.21
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    Chevron's Venezuela Operations Get Another 90-Day Waiver

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  • Oil Drillers Add Rigs in Permian Basin and Eagle Ford Shale
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    Oil Drillers Add Rigs in Permian Basin and Eagle Ford Shale

    Domestic drillers may again remove rigs since explorers have a conservative capital budget in place and have decided to curb spending on drilling new wells.

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  • Oilprice.com

    Oil Rig Count Rises For The First Time In 4 Weeks

    Oil bulls will get no help this week before the week’s end, with Baker Hughes reporting that the number of oil and gas rigs in the US increased this week

  • Oilprice.com

    Why Oilfield Service Giants Are Dumping Assets

    The three biggest oilfield service providers have all announced asset sales as they adapt to an environment featuring lower demand for their services

  • Overseas Strength to Aid Baker Hughes' (BKR) Q4 Earnings
    Zacks

    Overseas Strength to Aid Baker Hughes' (BKR) Q4 Earnings

    The ramp-up in international drilling operations has likely contributed to Baker Hughes' (BKR) Q4 earnings.

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  • Decline in ‘Fracklog’ Shows Scale of Pullback by U.S. Shale Drillers
    Bloomberg

    Decline in ‘Fracklog’ Shows Scale of Pullback by U.S. Shale Drillers

    (Bloomberg) -- As the U.S. shale boom unfolded, the number of oil wells that were drilled but never opened for production steadily rose. Now, that figure has plunged by a surprising 10% in the newest sign yet of tough times for drillers.A weighty decline in the so-called fracklog is perhaps the most salient gauge of a developing slowdown in U.S. shale. It shows that explorers are no longer racing to drill wells faster than they can complete them.The drop adds to a growing body of evidence that shale explorers, pushed by investors to prioritize profits over production, are stepping on the brakes. That’s bad news for oilfield services companies that have depended on rising shale growth for their prosperity. When Halliburton Co., owner of the world’s biggest fleet of fracking pumps, reports on its fourth quarter on Jan. 21, analysts expect to see a 29% earnings decline from a year earlier, excluding certain items.“We continue to believe 2020 will be a tale of two markets, with North America being a muddle while the recovery should continue in international and offshore arenas,” James West, an analyst at Evercore ISI, said Jan. 10 in a note to investors titled, “4Q Earnings Season Could Be Ugly.“The number of drilled but uncompleted wells, known as DUCs, have generally increased since the end of 2016, with the rise largely attributable to factors that include lower-than-ideal pricing for oil and gas and limited pipeline capacity. But between May and November, the number fell to 7,574 from a high of 8,429, according to the most recent data from the U.S. Energy Information Administration.That’s the steepest decline over the last three years. The key now for the biggest service providers may be how quickly they can pivot toward opportunities outside of shale.Consider the case of Baker Hughes Co., which spun off its onshore fracking business three years ago. While Halliburton is expected to report a fourth-quarter decline, Baker Hughes is forecast to report adjusted earnings on Jan. 22 that are up 19% to 31 cents a share, according to analysts.When Schlumberger Ltd., which already has a major focus outside the U.S., reports Friday, it’s expected to best last year’s fourth-quarter adjusted earnings by about a penny to 37 cents a share. The world’s biggest oilfield service company has said its North American land business, which includes pressure pumping, is now under strategic review and analysts say the company could announce an update to the unit on its earnings call.“2019 was a brutal year for completions activity,” analysts at Tudor Pickering Holt & Co. wrote in a note earlier this month. “And the pressure pumpers sit in a deep hole that’ll likely take a while to dig out of absent a stout demand surprise.”To contact the reporter on this story: David Wethe in Houston at dwethe@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Reg GaleFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Baker Hughes (BKR) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks

    Baker Hughes (BKR) Reports Next Week: Wall Street Expects Earnings Growth

    Baker Hughes (BKR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • US Oil Drillers Spend Conservatively: Rig Count Slides Again
    Zacks

    US Oil Drillers Spend Conservatively: Rig Count Slides Again

    Domestic drillers may continue to remove rigs since explorers have a conservative capital budget in place and have decided to curb spending on the drilling of new wells.

  • US Shale Drillers to Pump Up More Returns in 2020: 4 Gainers
    Zacks

    US Shale Drillers to Pump Up More Returns in 2020: 4 Gainers

    Given that shale drillers will probably generate handsome free cashflows in 2020, it would be ideal to keep an eye on the following Permian explorers that are poised to gain.

  • Business Wire

    Baker Hughes Announces December 2019 Rig Counts

    Baker Hughes (NYSE: BKR) announced today that the Baker Hughes international rig count for December 2019 was 1,104, up 8 from the 1,096 counted in November 2019, and up 79 from the 1,025 counted in December 2018. The international offshore rig count for December 2019 was 257, up 10 from the 247 counted in November 2019, and up 23 from the 234 counted in December 2018.

  • Oil Drillers Keep Removing Rigs From Permian & Cana Woodford
    Zacks

    Oil Drillers Keep Removing Rigs From Permian & Cana Woodford

    Domestic drillers may continue to remove rigs since explorers have a conservative capital budget in place and have decided to curb spending on drilling new wells.

  • Oil Price Fundamental Weekly Forecast – U.S. Assets in Middle East at Risk
    FX Empire

    Oil Price Fundamental Weekly Forecast – U.S. Assets in Middle East at Risk

    Traders have to be careful about chasing the markets higher because like we saw in September, the market has supply flexibility. Additionally, the U.S. is likely to ramp up shale production.

  • Why Baker Hughes Company's (NYSE:BKR) High P/E Ratio Isn't Necessarily A Bad Thing
    Simply Wall St.

    Why Baker Hughes Company's (NYSE:BKR) High P/E Ratio Isn't Necessarily A Bad Thing

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

  • Drillers Remove Oil Rigs in Permian and Cana Woodford Basins
    Zacks

    Drillers Remove Oil Rigs in Permian and Cana Woodford Basins

    Domestic drillers may continue to remove rigs since explorers have a conservative capital budget in place and have decided to curb spending on drilling new wells.

  • US Oil Rig Count Falls In Last Week Of 2019
    Oilprice.com

    US Oil Rig Count Falls In Last Week Of 2019

    The final US oil and gas rig count for the year decreased this week, according to Baker Hughes, reaching 805 rigs before the end of the year

  • Drillers Add Oil Rigs in Permian & Eagle Ford Shale Play
    Zacks

    Drillers Add Oil Rigs in Permian & Eagle Ford Shale Play

    Since February 2018, drillers in the United States have added the highest number of rigs in a week.

  • Oilprice.com

    US Sees First Double-Digit Oil Rig Count Increase In 8 Months

    The US oil and gas rig count increased by double digits this week, breaking with the downward trend

  • Here's Why Investors Should Steer Clear of Baker Hughes (BKR)
    Zacks

    Here's Why Investors Should Steer Clear of Baker Hughes (BKR)

    With lower spending by North American drillers, Baker Hughes (BKR) is likely to get fewer contracts related to oilfield services.

  • Business Wire

    Baker Hughes Announces Date for Fourth Quarter and Full-Year 2019 Earnings Release and Webcast

    Baker Hughes (NYSE: BKR) will hold a webcast on Wednesday, January 22, 2020 to discuss the results for the fourth quarter and full year ending December 31, 2019. The webcast is scheduled to begin at 9:00 a.m. Eastern Time (8:00 a.m. Central Time). A press release announcing the results will be issued at 7:00 a.m. Eastern Time (6:00 a.m. Central Time).

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  • Technical Views on EEM, UBER and BKR
    Yahoo Finance

    Technical Views on EEM, UBER and BKR

    Back in late October, we talked about some interesting inflection points for the U.S. Dollar Index (USD) and the iShares MSCI Emerging Markets ETF (EEM). While that call was early, we are starting to see some of the fruits of our labor. The greenback and emerging markets are joined at the hip in an inverse way, so an analysis of one is not complete without an analysis of the other. Since early 2018, USD has been in an uptrend, while EEM has been in a downtrend. The slope of the USD’s rising channel since August ‘18 has been shallow and is just breaking this uptrend near $97. At the same time, EEM has broken its downtrend since April and is making minor new recovery highs above that April peak. Simply, the USD is breaking down while EEM is breaking its eight-month downtrend. EEM completed an inverse head-and-shoulders and could see a measured move back toward its early ‘18 all-time-high of $49.53. Since May, EEM has stabilized versus the S&P 500, and is outperforming the index since late November. Because of the massive move EEM had coming out of the financial crisis, when the ETF almost tripled, performance since October 2010 has lagged the “500.”

  • Drillers in US Plays Add Oil Rigs Despite Conservative Budget
    Zacks

    Drillers in US Plays Add Oil Rigs Despite Conservative Budget

    In Permian, drillers lower rigs in seven of eight weeks.

  • The Zacks Analyst Blog Highlights: CARBO, Hi-Crush, Baker Hughes, Covia and Smart Sand
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    The Zacks Analyst Blog Highlights: CARBO, Hi-Crush, Baker Hughes, Covia and Smart Sand