Baker HughesBKR
Market Cap: 37.6B
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
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
14% more repeat investments, than reductions
Existing positions increased: 299 | Existing positions reduced: 262
0% more funds holding in top 10
Funds holding in top 10: 7 [Q4 2023] → 7 (+0) [Q1 2024]
4% less capital invested
Capital invested by funds: $31.3B [Q4 2023] → $29.9B (-$1.38B) [Q1 2024]
1.83% less ownership
Funds ownership: 91.17% [Q4 2023] → 89.34% (-1.83%) [Q1 2024]
3% less funds holding
Funds holding: 755 [Q4 2023] → 729 (-26) [Q1 2024]
18% less call options, than puts
Call options by funds: $136M | Put options by funds: $165M
25% less first-time investments, than exits
New positions opened: 76 | Existing positions closed: 102
Research analyst outlook
7 Wall Street Analysts provided 1 year price forecasts over the past 6 months
7 analyst ratings
Benchmark Kurt Hallead | 6%upside $40 | Buy Reiterated | 26 Jul 2024 |
B of A Securities Saurabh Pant | 1%upside $38 | Buy Maintained | 15 Jul 2024 |
Piper Sandler Luke Lemoine | 17%upside $44 | Overweight Maintained | 15 Jul 2024 |
Jefferies Lloyd Byrne | 22%upside $46 | Buy Maintained | 28 Jun 2024 |
Benchmark Kurt Hallead | 6%upside $40 | Buy Reiterated | 24 Apr 2024 |
Financial journalist opinion
Based on 31 articles about BKR published over the past 30 days