BKR Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: BKR may experience upside with increasing demand in the gas technology sector and successful contract acquisitions. Recent contract wins and technology advancements suggest a robust operational outlook, potentially enhancing earnings.




Bearish Case: BKR faces risks from declining rig counts and continued volatility in oil prices, which may suppress demand for services. Market uncertainty indicated by the flat volatility suggests potential downside in stock price.




Potential Outcomes:

1. 50% chance of revenue uplifts from gas technology expansion;

2. 30% chance rig count decline further depresses demand;

3. 20% chance of adverse market trends impacting financial performance.




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November 17, 2024


Baker Hughes Forecast

BKR        Baker Hughes











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Assets that tend to move strongly with BKR



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KNTK Forecast + Options Trading Strategies   KNTK  Kinetik (0.82)


FLR Forecast + Options Trading Strategies   FLR  Fluor (0.82)


ORI Forecast + Options Trading Strategies   ORI  Old Republic International (0.8)



Uncorrelated Assets

Assets with little price relationship to BKR



AKBA Forecast + Options Trading Strategies   AKBA  Akebia Therapeutics (0.0)


RRC Forecast + Options Trading Strategies   RRC  Range Resources (-0.01)


INTU Forecast + Options Trading Strategies   INTU  Intuit (0.01)


OLPX Forecast + Options Trading Strategies   OLPX  Olaplex (0.01)


ADM Forecast + Options Trading Strategies   ADM  Archer Daniels Midland (0.01)



Anticorrelated Assets

Assets that tend to move strongly against BKR



RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.77)


DLTR Forecast + Options Trading Strategies   DLTR  Dollar Tree (-0.79)


CABA Forecast + Options Trading Strategies   CABA  Cabaletta Bio (-0.79)


LESL Forecast + Options Trading Strategies   LESL  Leslies (-0.81)


APLS Forecast + Options Trading Strategies   APLS  Apellis Pharmaceuticals (-0.83)









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