Baker HughesBKR
Market Cap: $33.7B
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 Q2 SEC filings by fund managers ($100M+ AUM)
6% more capital invested
Capital invested by funds: $30.3B [Q1] → $32.2B (+$1.91B) [Q2]
1.35% more ownership
Funds ownership: 90.51% [Q1] → 91.86% (+1.35%) [Q2]
4% more repeat investments, than reductions
Existing positions increased: 276 | Existing positions reduced: 265
2% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 89
0% more funds holding
Funds holding: 737 [Q1] → 739 (+2) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 7 [Q1] → 7 (+0) [Q2]
3% less call options, than puts
Call options by funds: $121M | Put options by funds: $126M
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
15 analyst ratings
UBS Josh Silverstein 22% 1-year accuracy 8 / 37 met price target | 24%upside $42 | Neutral Maintained | 20 Aug 2024 |
Evercore ISI Group James West 42% 1-year accuracy 13 / 31 met price target | 36%upside $46 | Outperform Maintained | 29 Jul 2024 |
TD Cowen Marc Bianchi 14% 1-year accuracy 2 / 14 met price target | 47%upside $50 | Buy Maintained | 29 Jul 2024 |
Benchmark Kurt Hallead 14% 1-year accuracy 5 / 36 met price target | 24%upside $42 | Buy Maintained | 29 Jul 2024 |
Goldman Sachs Neil Mehta 36% 1-year accuracy 9 / 25 met price target | 27%upside $43 | Buy Maintained | 29 Jul 2024 |
Financial journalist opinion
Based on 14 articles about BKR published over the past 30 days