Andrew Hecht reiterates a Buy rating on the VanEck Oil Services ETF (OIH), citing ongoing geopolitical conflicts and supply disruptions that keep oil prices and demand for oil services elevated. The ETF's major holdings include SLB, Baker Hughes, and Halliburton, which make up over 37% of its assets, and it remains closely tied to oil price movements. Technical support levels are identified at $356.76 and $350, with the ETF offering a 1.19% yield and strong liquidity. These factors suggest limited downside risk and potential for further gains in the oil services sector.
Baker Hughes (BKR) trades at USD 54.44 with a slight 0.40% decline, while Halliburton (HAL) is up 0.20% at USD 35.83 as of Oct 30, 2026 02:41 WIB on Pluang. Despite the correction mentioned in the article, Pluang data shows strong buy interest for BKR at 93% of order activity, contrasting with HAL's 96% sell activity. These figures highlight differing investor sentiment within the oil services sector amid ongoing geopolitical tensions.
Baker Hughes has finalized its acquisition of Chart Industries, with current quarterly results affected by transaction costs and noncash amortization. Immediate financial performance mainly reflects pre-merger sales backlogs due to long product lead ...
Baker Hughes secured a significant contract from Eni to supply subsea production systems and services for the deepwater Cronos gas development offshore Cyprus. The deal, booked in Q3 2026, aims to accelerate Eni's project timeline by using standardiz...
Baker Hughes announced its Q3 2026 results with $8 billion in revenue and $10.8 billion in orders, including a record $5.9 billion for Industrial & Energy Technology (IET). The company completed the acquisition of Chart Industries, boosting its portf...
Baker Hughes secured a significant order to provide about 1.1 gigawatts of power generation equipment, including turbines and generators, along with cooling solutions for a major U.S. tech company's advanced AI computing infrastructure. The order, bo...
Baker Hughes announced a quarterly cash dividend of $0.23 per share of Class A common stock, payable on November 20, 2026, to shareholders recorded by November 10, 2026. The company plans to fund this dividend from cash generated through its operatio...
