Shares of oil and gas engineering and services companies are trading higher amid crude price gains due to continued Iranian demands over war reparations, unfreezing of sanctioned assets, and Strait of Hormuz tolling as negotiations with the U.S. may have reached an impasse.

Morgan Stanley Maintains Underweight on ProFrac Holding, Lowers Price Target to $4.5

Morgan Stanley analyst Joe Laetsch maintains ProFrac Holding (NASDAQ:ACDC) with a Underweight and lowers the price target from $5 to $4.5.

ProFrac Holding shares are trading lower after the company reported worse-than-expected Q2 sales results.

ProFrac Holding Q2 Sales $498.100M Miss $498.760M Estimate

ProFrac Holding (NASDAQ:ACDC) reported quarterly sales of $498.100 million which missed the analyst consensus estimate of $498.760 million by 0.13 percent. This is a 0.76 percent decrease over sales of $501.900 million

RBC Capital Maintains Outperform on Baker Hughes, Raises Price Target to $76

RBC Capital analyst Keith Mackey maintains Baker Hughes (NASDAQ:BKR) with a Outperform and raises the price target from $71 to $76.

AI's Next Bottleneck Isn't Chips, It's Power, With Demand Expected to Soar 1,100% by 2033: Why CEG, VST, GEV Stocks Are in Focus

Global AI electricity demand is set to explode, straining an already struggling power grid, with the U.S. absorbing most of it.

Baker Hughes Announces Multi-Year Contract With Kuwait Oil Company To Develop Upstream Technology, Will Build Research Center In Ahmadi Innovation Valley; Terms Not Disclosed