Shale Drilling Slides to Lowest Level of Activity Since 2022 [BNN Bloomberg (Canada)]
Baker Hughes Company (BKR)
Company Research
Source: BNN Bloomberg
The number of US rigs drilling for oil fell by four to 492, the lowest since January 2022, according to data released Friday by Baker Hughes Co.. The rig count is down 1.6% so far this year, while oil prices are up 5.6% in the same period. After fewer rigs delivered better than expected output last year, US shale executives are now slowing activity amid shrinking inventory of top-tier drilling locations, industry consolidation and promises to return profits to shareholders. Total spending by North American explorers is forecast to drop 1% this year, according to Barclays PLC. ©2024 Bloomberg L.P. Top Picks
Show less
Read more
Impact Snapshot
Event Time:
BKR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BKR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BKR alerts
High impacting Baker Hughes Company news events
Weekly update
A roundup of the hottest topics
BKR
News
- Here's Why Hold Strategy is Apt for Baker Hughes' (BKR) Stock [Yahoo! Finance]Yahoo! Finance
- Baker Hughes Announces Dates for Second-quarter 2024 Earnings Release and WebcastGlobeNewswire
- Produced Water Treatment Market size is set to grow by USD 2.97 billion from 2024-2028, Increasing global concerns regarding water scarcity to boost the market growth, Technavio [Yahoo! Finance]Yahoo! Finance
- Intelligent Pigging Market size is set to grow by USD 228 million from 2024-2028, Additional applications of intelligent pigging over traditional pigging to boost the market growth, Technavio [Yahoo! Finance]Yahoo! Finance
- Produced Water Treatment Market worth $13.4 billion by 2029 | MarketsandMarkets™ [Yahoo! Finance]Yahoo! Finance
BKR
Earnings
- 4/23/24 - Beat
BKR
Sec Filings
- 6/5/24 - Form 4
- 5/29/24 - Form 4
- 5/24/24 - Form 4
- BKR's page on the SEC website