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Bullish Case: Recent profits surge, increased dividends, and steady rig count growth signal potential for continued upside in BKR’s stock performance.


Bearish Case: Volatile energy sector, dependency on oil and gas markets, and rising rig counts could pressure prices, hinting at a potential downtrend.


Potential Outcomes: 65% chance BKR remains stable or increases on recent positive financial results. 35% chance market volatility and industry pressures induce a pullback.


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March 27, 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 (0.91)


OIH Forecast + Options Trading Strategies   [OIH]  VanEck Vectors Oil Services (0.91)


BG Forecast + Options Trading Strategies   [BG]  Bunge (0.9)


NOG Forecast + Options Trading Strategies   [NOG]  Northern Oil and Gas (0.88)


VAL Forecast + Options Trading Strategies   [VAL]  Valaris (0.86)



Uncorrelated Stock Forecasts

Assets with little price relationship to BKR



FROG Forecast + Options Trading Strategies   [FROG]  JFrog (0.0)


LULU Forecast + Options Trading Strategies   [LULU]  Lululemon Athletica inc. (-0.0)


TW Forecast + Options Trading Strategies   [TW]  Tradeweb Markets (0.0)


WRAP Forecast + Options Trading Strategies   [WRAP]  Wrap (0.0)


BEN Forecast + Options Trading Strategies   [BEN]  Franklin Resources (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against BKR



DRIP Forecast + Options Trading Strategies   [DRIP]  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.69)


PI Forecast + Options Trading Strategies   [PI]  Impinj (-0.69)


TGTX Forecast + Options Trading Strategies   [TGTX]  TG Therapeutics (-0.69)


FL Forecast + Options Trading Strategies   [FL]  Foot Locker (-0.72)


SHY Forecast + Options Trading Strategies   [SHY]  BTC iShares 1-3 Year Trea (-0.72)


BKR News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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