BKR Forecast + Trading Strategies


Bullish Case: BKR's recent international profit surge and dividend hikes reflect strong operational success. Expansion in Iraq enhances future revenue prospects, buoying investor confidence despite sector volatility.


Bearish Case: Declining US rig counts and ongoing sector upheaval, especially in natural gas, weigh heavily on BKR's North American operations. Market headwinds and elevated costs could suppress near-term growth.


Potential Outcomes: 65% - BKR's international ventures offset domestic challenges, lifting stock. 25% - Persistent rig count declines hinder growth. 10% - Geopolitical factors disrupt global operations unexpectedly.


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April 26, 2024


Baker Hughes Forecast

BKR        Baker Hughes
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with BKR



NE Forecast + Options Trading Strategies   NE  Noble (0.9)


APA Forecast + Options Trading Strategies   APA  Apache (0.89)


OIH Forecast + Options Trading Strategies   OIH  VanEck Vectors Oil Services (0.89)


BG Forecast + Options Trading Strategies   BG  Bunge (0.86)


SBOW Forecast + Options Trading Strategies   SBOW  SilverBow Resources (0.86)



Uncorrelated Stock Forecasts

Assets with little price relationship to BKR



F Forecast + Options Trading Strategies   F  Ford Motor (0.0)


HIMX Forecast + Options Trading Strategies   HIMX  Himax (0.0)


LOW Forecast + Options Trading Strategies   LOW  Lowe's Cos. (0.0)


PAGP Forecast + Options Trading Strategies   PAGP  Plains GP (-0.0)


AY Forecast + Options Trading Strategies   AY  Atlantica Sustainable Infrastructure (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against BKR



IMPP Forecast + Options Trading Strategies   IMPP  Imperial Petroleum (-0.64)


SAVA Forecast + Options Trading Strategies   SAVA  Cassava Sciences (-0.65)


PI Forecast + Options Trading Strategies   PI  Impinj (-0.66)


SIX Forecast + Options Trading Strategies   SIX  Six Flags Entertainment (-0.66)


MDGL Forecast + Options Trading Strategies   MDGL  Madrigal Pharmaceuticals (-0.68)





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