|Bid||16.40 x 3000|
|Ask||16.55 x 1300|
|Day's range||16.17 - 16.59|
|52-week range||9.12 - 25.99|
|Beta (5Y monthly)||1.68|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.72 (4.30%)|
|Ex-dividend date||07 Aug 2020|
|1y target est||N/A|
The total oil and gas rig count in the U.S. fell by 4 this week, with the oil rig count dropping below 180 for the first time in over a decade
(Bloomberg) -- The number of rigs drilling for oil and gas set a fresh record low in July, as activity continues to collapse outside of North America.The Baker Hughes worldwide rig count dropped by 43 to 1,030 in monthly data, with regions beyond the U.S. and Canada accounting for almost 90% of the drop. The international rig count fell to 743 in July, meaning the number of active rigs outside of North America was at its lowest since 2003.Drilling collapsed after crude prices plunged earlier in the year due to the pandemic. Though weekly data suggest activity in the U.S. may have bottomed out in recent weeks, the decline outside of North America appears to have continued.The biggest drop in July was in the Middle East. This month many producers in the region have been adding supply back to the market, due to an agreed easing of OPEC+ production curbs.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Baker Hughes announces July 2020 rig counts.