Baker Hughes (BKR) News Today

Baker Hughes Company (NASDAQ:BKR) shares moved today as investors digested mixed operational updates, analyst revisions and industry data. Key drivers include new product launches in non-oil markets, revised earnings estimates, broker price targets and ongoing declines in US rig counts.

• Positive Sentiment: Baker Hughes launched the Waygate Technologies Krautkrämer WheelStar RPS robotic inspection solution for the rail industry, expanding its service offerings beyond oil and gas. Baker Hughes Introduces Innovative Waygate Technologies Robotic Inspection Solution Krautkrämer WheelStar RPS for Rail Industry
• Positive Sentiment: Several brokerages set a new consensus price target of $49.11 on BKR, suggesting significant upside from current levels. Brokerages Set Baker Hughes Company (NASDAQ:BKR) Price Target at $49.11
• Neutral Sentiment: The Goldman Sachs Group lowered its BKR price target from $42.00 to $41.00 but maintained a “buy” rating, indicating continued confidence despite the cut. Baker Hughes (NASDAQ:BKR) Price Target Lowered to $41.00 at The Goldman Sachs Group
• Neutral Sentiment: Morningstar updated its key metrics for BKR, offering refreshed fundamental data and valuation benchmarks for investors. BKR - Baker Hughes Co Class A Key Metrics | Morningstar
• Negative Sentiment: Zacks Research cut its Q1 2026 EPS forecast for Baker Hughes to $0.55 from $0.56 as margin pressures persist. Q1 EPS Estimates for Baker Hughes Reduced by Zacks Research
• Negative Sentiment: Data from Baker Hughes shows US drillers cut oil and gas rigs for the tenth consecutive week, signaling continued weakness in upstream activity. US drillers cut oil and gas rigs for 10th week in a row, says Baker Hughes
• Negative Sentiment: Baker Hughes’ own rig count report showed US rigs fell by seven to 547, underscoring slowing demand for its drilling services. Baker Hughes US rig count down 7 to 547
• Negative Sentiment: A potential redundancy threat in Baker Hughes’ UK northeast operations may signal cost pressures and workforce restructuring ahead. Baker Hughes north east redundancy threat