Oil slides nearly 1% on renewed fears over toll from coronavirus [MSNBC.com]
Baker Hughes Company (BKR)
Company Research
Source: MSNBC.com
Oil production in Azerbaijan Vostok Oil prices fell nearly 1% on Friday on renewed concerns about crude demand being pinched by the economic impact of the coronavirus outbreak, while leading producers appeared to be in no rush to curb output. The latest signs of infections outside the Hubei province epicentre in China spurred a selloff across financial markets, as G20 policymakers travelled to Saudi Arabia for talks on the global economy. Brent crude U.S. crude Both benchmarks were on track for their second consecutive weekly rise, with Brent up 1.8% and U.S. crude rising 2.3%, as fears over the virus' impact on demand eased earlier in the week and after a smaller-than-expected U.S. crude stock build. "It's safe to say that uncertainty (surrounding coronavirus) has returned with a vengeance," said Ole Hansen, head of commodity strategy, Saxo Bank. "We have to acknowledge that we're dealing with the biggest demand shock since the financial crisis... Until we see China getting back to w
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- Baker Hughes (NASDAQ: BKR) had its price target raised by analysts at Citigroup Inc. from $42.00 to $50.00. They now have a "buy" rating on the stock.MarketBeat
BKR
Earnings
- 10/22/24 - Beat
BKR
Sec Filings
- 11/14/24 - Form 4
- 11/14/24 - Form 13F-HR
- 11/14/24 - Form 13F-NT
- BKR's page on the SEC website