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U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since late June, energy services firm Baker Hughes said in its closely followed report on Friday.
U.S. energy firms this week cuts oil and natural gas rigs for the second time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday.
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In its weekly release, Baker Hughes (BKR) reports that the total count of oil rigs in the United States was higher than the prior week, and the count for natural gas decreased.
U.S. energy firms this week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday.
The consensus price target hints at a 25.3% upside potential for Baker Hughes (BKR). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
The energy sector is going through massive changes – you don't need me to tell you that. Obviously, one of the key drivers for energy stocks is simple math.
Management's restructuring is working, particularly in expanding margins in both segments. Natural gas infrastructure, LNG, and new energy orders are supportive of growth at Baker Hughes.
SLB, Baker Hughes, Helix Energy Solutions and Solaris Oilfield have been highlighted in this Industry Outlook article.