US Rig Count Drops for First Time in Eight Weeks, Baker Hughes Reports
Reported by Reuters
Sentiment
Negative
Importance
7
Price
$63.505
Mkt Cap
$63.001B
52W Low
$37.38
52W High
$70.41
Market data snapshot near publication time
Summary
US energy firms reduced the total number of operating oil and gas rigs by 1 to 562 for the week ending June 12, as reported by Baker Hughes. This marks the first decline in eight weeks, reversing a recent trend of increases. The rig count is a critical early indicator of future production, and this slowdown in drilling activity could signal reduced demand for oilfield services, impacting Baker Hughes' business outlook.
At the time of this announcement, BKR was trading at $63.51 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $63B. The 52-week trading range was $37.38 to $70.41. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.
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Jun 12, 2026, 1:01 PM EDT
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Jun 05, 2026, 1:24 PM EDT
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May 26, 2026, 7:08 AM EDT
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Market Cap:
$62.957B
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May 21, 2026, 4:03 PM EDT
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$63.46
Change:
-$2.34 (-4%)
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$62.957B
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May 21, 2026, 4:01 PM EDT
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$65.81
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$63.46
Change:
-$2.35 (-4%)
Market Cap:
$62.957B
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May 19, 2026, 5:05 PM EDT
Price at Filing:
$65.37
Real-time Price:
$63.46
Change:
-$1.91 (-3%)
Market Cap:
$62.957B
BKR
May 04, 2026, 2:54 AM EDT
Price at Filing:
$69.90
Real-time Price:
$63.46
Change:
-$6.44 (-9%)
Market Cap:
$62.957B
BKR
Apr 24, 2026, 4:16 PM EDT
Price at Filing:
$68.94
Real-time Price:
$63.46
Change:
-$5.48 (-8%)
Market Cap:
$62.957B