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Baker Hughes secured a multi-year agreement with Kuwait Oil Company to supply and service advanced artificial lift systems to enhance oil and gas production.
Oil prices rose as fears of supply disruptions from escalating U.S.-Venezuela tensions outweighed a broader market sentiment dominated by oversupply concerns. A minor reduction in U.S. drilling rigs had little impact on the prevailing narrative.
A Discounted Cash Flow (DCF) analysis projects a significant undervaluation for Baker Hughes (BKR), suggesting potential upside from its current market price. The valuation points to a fair value well above its trading level, though the absence of a clear catalyst contributes to an uncertain market outlook.