Baker Hughes (BKR)

• Market cap: $40.5B
• 1 day: 0.34%
• 5 days: 2.32%
• 1 month: -6.29%
• 3 months: 13.25%
• 6 months: 17.17%
• Year to date: 20.66%
• 1 year: 20.66%
• 5 years: 59.73%
• 10 years: 9.91%
• Sector: Industrials
• Industry: Oil & Gas Field Machinery & Equipment

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)

33% more first-time investments, than exits

New positions opened: 100 | Existing positions closed: 75

21% more repeat investments, than reductions

Existing positions increased: 311 | Existing positions reduced: 256

3% more funds holding

Funds holding: 746 [Q2] → 771 (+25) [Q3]

2% more capital invested

Capital invested by funds: $34.6B [Q2] → $35.3B (+$753M) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 7 [Q2] → 7 (+0) [Q3]

0.31% less ownership

Funds ownership: 98.47% [Q2] → 98.16% (-0.31%) [Q3]

22% less call options, than puts

Call options by funds: $189M | Put options by funds: $244M

Research analyst outlook

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

• Low target: $42 3% upside
• Avg. target: $48 16% upside
• High target: $52 27% upside

10 analyst ratings

• positive: 10 100%
• neutral: 0 0%
• negative: 0 0%

Barclays David Anderson 35% 1-year accuracy 28 / 80 met price target	27% upside $52	Overweight Maintained	18 Dec 2024
B of A Securities Saurabh Pant 25% 1-year accuracy 2 / 8 met price target	17% upside $48	Buy Maintained	18 Dec 2024
Wells Fargo Roger Read 22% 1-year accuracy 22 / 100 met price target	20% upside $49	Overweight Maintained	17 Dec 2024
RBC Capital Keith Mackey 48% 1-year accuracy 11 / 23 met price target	20% upside $49	Outperform Maintained	12 Dec 2024
Stifel Stephen Gengaro 49% 1-year accuracy 41 / 83 met price target	17% upside $48	Buy Maintained	25 Nov 2024