Of late, the U.S. oil field services sector has been impacted by weak natural gas pricing, which has taken its toll on companies that offer pressure pumping services.

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This has driven down demand and pricing for pressure pumping services like fracking that are used to extract gas from shale rock formations, severely impacting margins of most large oil field firms including Baker Hughes.

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Yet securities research firm Macquarie Capital estimates there is a shortage of pressure-pumping services.

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Its customer base comprises four of North America's largest providers of pressure-pumping services to the drilling industry: Baker Hughes Inc.

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However, results from the international operations are expected to be encouraging as the company has lower exposure to the global pressure pumping space and enjoys better pricing power for its services.

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