Baker Hughes
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 Q3 regulatory filings by fund managers ($100M+ AUM)
22% more repeat investments, than reductions
Existing positions increased: 306 | Existing positions reduced: 251
14% more first-time investments, than exits
New positions opened: 98 | Existing positions closed: 86
2% more funds holding
Funds holding: 745 [Q2] → 757 (+12) [Q3]
0% more capital invested
Capital invested by funds: $32.6B [Q2] → $32.7B (+$44.8M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 7 [Q2] → 7 (+0) [Q3]
2.16% less ownership
Funds ownership: 92.95% [Q2] → 90.8% (-2.16%) [Q3]
29% less call options, than puts
Call options by funds: $167M | Put options by funds: $235M
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Citigroup Scott Gruber 59% 1-year accuracy 20 / 34 met price target | 16%upside $50 | Buy Maintained | 14 Nov 2024 |
Susquehanna Charles Minervino 48% 1-year accuracy 32 / 67 met price target | 12%upside $48 | Positive Maintained | 24 Oct 2024 |
RBC Capital Keith Mackey 45% 1-year accuracy 10 / 22 met price target | 0%upside $43 | Outperform Reiterated | 24 Oct 2024 |
Benchmark Kurt Hallead 36% 1-year accuracy 13 / 36 met price target | 2%downside $42 | Buy Reiterated | 24 Oct 2024 |
Barclays David Anderson 49% 1-year accuracy 20 / 41 met price target | 7%upside $46 | Overweight Maintained | 24 Oct 2024 |
Financial journalist opinion
Based on 29 articles about BKR published over the past 30 days
