Baker Hughes (BKR)

• Market cap: $35.6B
• 1 day: -0.80%
• 5 days: -2.39%
• 1 month: -18.27%
• 3 months: -16.60%
• 6 months: -3.15%
• Year to date: -13.57%
• 1 year: 8.13%
• 5 years: 142.54%
• 10 years: -3.57%
• Sector: Energy
• Industry: Oil & Gas Equipment & Services

About: Following a 2022 reorganization, Baker Hughes operates across two segments: oilfield services and equipment, and industrial and energy technology. The firm's oilfield services and equipment segment, or OFSE, is one of the Big Three oilfield service players, along with SLB and Halliburton, and mostly supplies to hydrocarbon developers and producers, including national oil companies, major integrated firms, and independents. Markets outside of North America buy roughly three quarters of the firm's OFSE. Baker Hughes' industrial and energy technology segment manufactures and sells turbines, compressors, pumps, valves, and related testing and monitoring services across various energy and industrial applications.

Employees: 57,000

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

191% more first-time investments, than exits

New positions opened: 169 | Existing positions closed: 58

17% more repeat investments, than reductions

Existing positions increased: 332 | Existing positions reduced: 283

16% more capital invested

Capital invested by funds: $32.6B [Q3] → $37.7B (+$5.1B) [Q4]

14% more funds holding in top 10

Funds holding in top 10: 7 [Q3] → 8 (+1) [Q4]

13% more funds holding

Funds holding: 774 [Q3] → 872 (+98) [Q4]

2.17% more ownership

Funds ownership: 90.61% [Q3] → 92.78% (+2.17%) [Q4]

11% less call options, than puts

Call options by funds: $224M | Put options by funds: $251M

Research analyst outlook

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

• Low target: $46 28% upside
• Avg. target: $50 40% upside
• High target: $57 59% upside

11 analyst ratings

• positive: 11 100%
• neutral: 0 0%
• negative: 0 0%

RBC Capital Keith Mackey 5% 1-year accuracy 1 / 22 met price target	28% upside $46	Outperform Maintained	24 Apr 2025
TD Securities Marc Bianchi 28% 1-year accuracy 5 / 18 met price target	36% upside $49	Buy Maintained	24 Apr 2025
Stifel Stephen Gengaro 41% 1-year accuracy 43 / 104 met price target	39% upside $50	Buy Maintained	24 Apr 2025
Piper Sandler Derek Podhaizer 7% 1-year accuracy 1 / 14 met price target	39% upside $50	Overweight Maintained	24 Apr 2025
Susquehanna Charles Minervino 41% 1-year accuracy 27 / 66 met price target	28% upside $46	Positive Maintained	24 Apr 2025