Baker Hughes (BKR) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
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Baker Hughes Company BKR reported better-than-expected second-quarter earnings, after the closing bell on Thursday.
A leading energy industry report has revealed a steadily climbing number of oil and gas rigs in the U.S. offering a harbinger of improved near-term oil and gas production stateside.
U.S. energy firms this week added oil and natural gas rigs for a second week in a row , boosting the monthly count by the most since November 2022, energy services firm Baker Hughes said in its closely followed report on Friday.
Baker Hughes cut its outlook for spending by oil producers on Friday, citing lower drilling activity by North American companies, joining other oilfield service companies in warning about softness in the region.
Baker Hughes' (BKR) Q2 earnings benefit from higher contributions from Oilfield Services and Equipment and the Industrial & Energy Technology business units, fueled by significant contract wins.
Baker Hughes (BKR) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.39 per share a year ago.
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Baker Hughes' (BKR) Q2 earnings are likely to have benefited from rising crude oil prices, which might have also aided the company's revenues and overall performance.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.