Baker Hughes
BKR
Market cap $37.3B

37.55 USD

+0.33

0.89%

At close Oct 3, 4:00 PM EDT

Pre-market

37.79

+0.24

0.64%

1 day

0.89%

5 days

7.56%

1 month

10.47%

3 months

8.94%

6 months

10.83%

Year to date

10.67%

1 year

8.75%

5 years

65.49%

About: Baker Hughes is a global leader in oilfield services and oilfield equipment, with particularly strong presences in the artificial lift, specialty chemicals, and completions markets. It maintains modest exposure to offshore oil and gas production. The other half of its business focuses on industrial power generation, process solutions, and industrial asset management, with a high exposure to the liquid natural gas market specifically, as well as broader industrials end markets.

Employees: 58,000

Industrials Oil & Gas Field Machinery & Equipment

0

Funds holding %

of 6,728 funds

0

Analysts bullish %

of 19 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

6% more capital invested

Capital invested by funds: $30.3B [Q1] → $32.2B (+$1.91B) [Q2]

1.36% more ownership

Funds ownership: 90.51% [Q1] → 91.86% (+1.36%) [Q2]

7% more first-time investments, than exits

New positions opened: 93 | Existing positions closed: 87

4% more repeat investments, than reductions

Existing positions increased: 276 | Existing positions reduced: 265

1% more funds holding

Funds holding: 737 [Q1] → 743 (+6) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 7 [Q1] → 7 (+0) [Q2]

4% less call options, than puts

Call options by funds: $121M | Put options by funds: $126M

See Fund Rankings

Research analyst outlook

19 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$38

1%

upside

Avg. target

$43

15%

upside

High target

$50

33%

upside

19 analyst ratings

16 positive

84%

3 neutral

16%

0 negative

0%

Morgan Stanley Connor Lynagh 69% 1-year accuracy 9 / 13 met price target	20%upside $45	Overweight Maintained	3 Oct 2024
Citigroup Scott Gruber 26% 1-year accuracy 6 / 23 met price target	12%upside $42	Buy Maintained	27 Sept 2024
Wells Fargo Roger Read 34% 1-year accuracy 20 / 58 met price target	12%upside $42	Overweight Upgraded	25 Sept 2024
UBS Josh Silverstein 44% 1-year accuracy 16 / 36 met price target	7%upside $40	Neutral Maintained	18 Sept 2024
Morgan Stanley Connor Lynagh 69% 1-year accuracy 9 / 13 met price target	12%upside $42	Overweight Maintained	16 Sept 2024

See Analyst Rankings

Financial journalist opinion

Based on 15 articles about BKR published over the past 30 days

US drillers cut oil and gas rigs for second week in a row - Baker Hughes

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

US drillers cut oil and gas rigs for second week in a row - Baker Hughes

The Motley Fool

3 Amazing American Megatrends (and 3 Great Stocks to Make Money From Them)

Increasing corn yields support investment in agriculture machinery and precision agriculture solutions from Deere. Tesla has the first-mover advantage in the electric vehicle market.

3 Amazing American Megatrends (and 3 Great Stocks to Make Money From Them)

US drillers cut oil and gas rigs for fifth week in six, Baker Hughes says

U.S. energy firms this week resumed cutting the number of oil and natural gas rigs after adding rigs last week, with the count falling for a fifth week in six, energy services firm Baker Hughes said in its closely followed report on Friday.

US drillers cut oil and gas rigs for fifth week in six, Baker Hughes says

Zacks Investment Research

Why Baker Hughes (BKR) is a Top Momentum Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Why Baker Hughes (BKR) is a Top Momentum Stock for the Long-Term

CNBC Television

Baker Hughes CEO on opportunities in AI, new power demand

Lorenzo Simonelli, Baker Hughes chairman and CEO, joins 'Money Movers' to discuss where Baker Hughes fits into the AI story, the amount of power needed for the digitalization of the economy, and much more.

Baker Hughes CEO on opportunities in AI, new power demand

Zacks Investment Research

Here's Why Baker Hughes (BKR) is a Strong Value Stock

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Here's Why Baker Hughes (BKR) is a Strong Value Stock

Zacks Investment Research

Baker Hughes Launches CarbonEdge to Revolutionize CCUS Operations

The introduction of CarbonEdge is a significant leap in the CCUS technology, which positions BKR as a leading player in the industry.

Baker Hughes Launches CarbonEdge to Revolutionize CCUS Operations

US drillers add oil and gas rigs for first time in five weeks, Baker Hughes says

U.S. energy firms this week added oil and natural gas rigs for the first time in five weeks in the biggest weekly rise in a year, energy services firm Baker Hughes said in its closely followed report on Friday.

US drillers add oil and gas rigs for first time in five weeks, Baker Hughes says

Halliburton At A Disadvantage, Analyst Says: Schlumberger And Baker Hughes 'In Better Position'

Earlier this month, Halliburton Company HAL said that a cyberattack had disrupted its critical business applications.

Halliburton At A Disadvantage, Analyst Says: Schlumberger And Baker Hughes 'In Better Position'

Baker Hughes Has Two Catalysts In Two Years

Baker Hughes Company is well-positioned in the energy sector, focusing on gas technology and LNG to meet global natural gas demand and enhance oil well production lifecycles. Management targets 20% EBITDA margins for OFSE and IET by 2025 and 2026, respectively, driven by operational enhancements and cost-cutting measures. Despite lower rig utilization and oil prices, Baker Hughes finds strength in enhanced oil recovery and subsea systems, with significant projects booked in gas tech and LNG.

Baker Hughes Has Two Catalysts In Two Years

See News Rankings

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