Baker Hughes
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
0
Funds holding %
of 7,296 funds
0
Analysts bullish %
of 9 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
99% more first-time investments, than exits
New positions opened: 155 | Existing positions closed: 78
41% more repeat investments, than reductions
Existing positions increased: 388 | Existing positions reduced: 275
13% more funds holding in top 10
Funds holding in top 10: 8 [Q4 2024] → 9 (+1) [Q1 2025]
7% more capital invested
Capital invested by funds: $37.8B [Q4 2024] → $40.6B (+$2.78B) [Q1 2025]
7% more funds holding
Funds holding: 876 [Q4 2024] → 934 (+58) [Q1 2025]
0.33% more ownership
Funds ownership: 92.97% [Q4 2024] → 93.3% (+0.33%) [Q1 2025]
11% less call options, than puts
Call options by funds: $203M | Put options by funds: $229M
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$45
15%
upside
Avg. target
$49
24%
upside
High target
$53
36%
upside
9 analyst ratings
9 positive
100%
0 neutral
0%
0 negative
0%
Morgan Stanley Connor Lynagh | 15%upside $45 | Overweight Maintained | 16 May 2025 |
RBC Capital Keith Mackey | 18%upside $46 | Outperform Maintained | 24 Apr 2025 |
TD Securities Marc Bianchi | 26%upside $49 | Buy Maintained | 24 Apr 2025 |
Stifel Stephen Gengaro | 28%upside $50 | Buy Maintained | 24 Apr 2025 |
Piper Sandler Derek Podhaizer | 28%upside $50 | Overweight Maintained | 24 Apr 2025 |
Financial journalist opinion
Based on 19 articles about BKR published over the past 30 days
Negative
Reuters
1 day ago
US drillers cut oil/gas rigs for 7th week to lowest since 2021, Baker Hughes says
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row to the lowest since November 2021, energy services firm Baker Hughes said in its closely followed report on Friday.
Neutral
GlobeNewsWire
1 day ago
Baker Hughes Announces Dates for Second-quarter Earnings Release and Webcast
HOUSTON and LONDON, June 13, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will announce the results of the second quarter ending June 30, 2025, via press release at 5 p.m. Eastern Time (4 p.m. Central Time) on Tuesday, July 22, 2025. A webcast to discuss the results will be held Wednesday, July 23, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time).
Positive
Zacks Investment Research
2 days ago
Baker Hughes Secures P&A Services Contract for North Sea Wells
BKR to deliver integrated plug and abandonment services for EQNR under a multi-year framework agreement signed between the two companies in March 2025.
Positive
Seeking Alpha
3 days ago
Baker Hughes's Solid Backlog Creates An Opportunity (Rating Upgrade)
I am upgrading Baker Hughes to a buy, as its LNG-driven IET segment offers predictable growth and strong backlog, offsetting oilfield cyclicality. Recent divestitures at high multiples bolster cash reserves, enabling share buybacks and supporting shareholder returns alongside a 2.4% dividend yield. Despite oil price volatility, I expect $60 to act as a floor, and BKR's balance sheet remains robust with net leverage under 1x.
Positive
Zacks Investment Research
4 days ago
Baker Hughes Announces Sale of PSI Product Line for $1.15B in Cash
BKR is set to sell its PSI product line to Crane for $1.15B, sharpening its focus on core IET strengths and portfolio optimization.
Positive
Reuters
5 days ago
Baker Hughes to sell sensor unit to Crane for $1.15 billion
Baker Hughes said on Monday it will sell its precision sensors and instrumentation (PSI) product line to aerospace and defense parts manufacturer Crane for $1.15 billion, as the oilfield services provider looks to optimize its portfolio.
Neutral
Business Wire
5 days ago
Crane Company to Acquire Precision Sensors & Instrumentation from Baker Hughes Company
STAMFORD, Conn.--(BUSINESS WIRE)--Crane Company (NYSE: CR) (“Crane” or the “Company”), a premier industrial manufacturing and technology company, announced that it has signed an agreement to acquire Precision Sensors & Instrumentation (“PSI”), a leading provider of sensor-based technologies for aerospace, nuclear and process industries, from Baker Hughes (NASDAQ: BKR), an energy technology company, for $1,060 million after adjusting for expected tax benefits with an estimated net present va.
Neutral
GlobeNewsWire
5 days ago
Baker Hughes Announces Sale of Precision Sensors & Instrumentation Product Line to Crane Company
Product line includes Druck, Panametrics and Reuter-Stokes brands Transaction aligns with Baker Hughes' ongoing portfolio optimization HOUSTON and LONDON, June 09, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday an agreement to sell its Precision Sensors & Instrumentation (PSI) product line to Crane Company (NYSE: CR, “Crane”), a diversified manufacturer of engineered industrial products, for a total cash consideration of approximately $1.15 billion. PSI, part of Baker Hughes' Industrial & Energy Technology (IET) segment, includes the Druck, Panametrics and Reuter-Stokes brands.
Neutral
GlobeNewsWire
1 week ago
Baker Hughes Enterprise Digital Transformation Strategy Profile 2025: Accelerators, Incubators, and Innovation Programs
Explore Baker Hughes Co's innovative energy solutions and digital transformation strategies with insights into their technology initiatives, partnerships, product launches, and more. Discover their focus on innovation across the Americas, Europe, Middle East, Africa, and Asia. Unlock key tech insights now! Explore Baker Hughes Co's innovative energy solutions and digital transformation strategies with insights into their technology initiatives, partnerships, product launches, and more. Discover their focus on innovation across the Americas, Europe, Middle East, Africa, and Asia. Unlock key tech insights now!
Neutral
GlobeNewsWire
1 week ago
CMG and Baker Hughes Announce Agreement to Advance Digital Integration
Delivering Enhanced Workflows for a Connected Customer Experience CALGARY, Alberta, June 03, 2025 (GLOBE NEWSWIRE) -- Computer Modelling Group Ltd. (“CMG” or the “Company”) (TSX: CMG) is pleased to announce an agreement with Baker Hughes to further the integration of its simulation and seismic technologies with Baker Hughes' digital offerings, delivering comprehensive software and consulting solutions for upstream energy development.
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