U.S. energy firms this week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday.

The consensus price target hints at a 25.3% upside potential for Baker Hughes (BKR). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

The energy sector is going through massive changes – you don't need me to tell you that. Obviously, one of the key drivers for energy stocks is simple math.

Management's restructuring is working, particularly in expanding margins in both segments. Natural gas infrastructure, LNG, and new energy orders are supportive of growth at Baker Hughes.

SLB, Baker Hughes, Helix Energy Solutions and Solaris Oilfield have been highlighted in this Industry Outlook article.

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Strict capital discipline by upstream energy companies is acting as a dampener, thereby making the outlook for the Zacks Oil and Gas- Field Services industry gloomy. SLB, BKR, HLX and SOI are expected to survive the industry challenges.

Baker Hughes (BKR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Here is how Baker Hughes (BKR) and Canadian Natural Resources (CNQ) have performed compared to their sector so far this year.

Baker Hughes (BKR) could produce exceptional returns because of its solid growth attributes.

Investors interested in stocks from the Oil and Gas - Field Services sector have probably already heard of Baker Hughes (BKR) and Core Laboratories (CLB). But which of these two companies is the best option for those looking for undervalued stocks?