Baker Hughes BKR announced a reduction in the number of active rigs in the United States, with the count declining by four to a total of 559 rigs. This change reflects the latest adjustments in the energy sector as the industry continues to respond to fluctuating market demands and economic conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Baker Hughes Co BKR is $47.02 with a high estimate of $56.00 and a low estimate of $40.00. The average target implies an upside of 24.59% from the current price of $37.74. More detailed estimate data can be found on the Baker Hughes Co (BKR) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Baker Hughes Co's BKR average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Baker Hughes Co BKR in one year is $37.50, suggesting a downside of 0.64% from the current price of $37.74. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Baker Hughes Co (BKR) Summary page.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
