Baker Hughes Reports Decline in US Oil/Gas Rig Count

Baker Hughes, a leading oil and gas services provider, reported a decline in the US oil/gas rig count for the sixth consecutive week, reaching a low of 2021.

The company’s stock price has fluctuated within a 52-week range of $30.93 to $49.40, with a current close price of $37.90.

Financial Ratios

• Price-to-earnings ratio: 12.7
• Price-to-book ratio: 2.16

These ratios indicate a moderate valuation of the company’s stock.