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)
56% more first-time investments, than exits
New positions opened: 100 | Existing positions closed: 64
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
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Evercore ISI Group James West 50% 1-year accuracy 19 / 38 met price target | 12%upside $52 | Outperform Maintained | 15 Jan 2025 |
TD Cowen Marc Bianchi 55% 1-year accuracy 18 / 33 met price target | 10%upside $51 | Buy Maintained | 8 Jan 2025 |
Jefferies Lloyd Byrne 68% 1-year accuracy 15 / 22 met price target | 7%upside $50 | Buy Maintained | 3 Jan 2025 |
Barclays David Anderson 43% 1-year accuracy 34 / 80 met price target | 12%upside $52 | Overweight Maintained | 18 Dec 2024 |
B of A Securities Saurabh Pant 25% 1-year accuracy 2 / 8 met price target | 3%upside $48 | Buy Maintained | 18 Dec 2024 |
Financial journalist opinion
Based on 15 articles about BKR published over the past 30 days
