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
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
193% more first-time investments, than exits
New positions opened: 170 | Existing positions closed: 58
17% more repeat investments, than reductions
Existing positions increased: 331 | Existing positions reduced: 283
16% more capital invested
Capital invested by funds: $32.6B [Q3] → $37.7B (+$5.1B) [Q4]
14% more funds holding in top 10
Funds holding in top 10: 7 [Q3] → 8 (+1) [Q4]
13% more funds holding
Funds holding: 773 [Q3] → 872 (+99) [Q4]
2.17% more ownership
Funds ownership: 90.61% [Q3] → 92.78% (+2.17%) [Q4]
11% less call options, than puts
Call options by funds: $224M | Put options by funds: $251M
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Stifel Stephen Gengaro 22% 1-year accuracy 15 / 69 met price target | 45%upside $52 | Buy Maintained | 15 Apr 2025 |
Susquehanna Charles Minervino 40% 1-year accuracy 27 / 68 met price target | 34%upside $48 | Positive Maintained | 14 Apr 2025 |
Citigroup Scott Gruber 31% 1-year accuracy 23 / 75 met price target | 48%upside $53 | Buy Maintained | 8 Apr 2025 |
Barclays David Anderson 27% 1-year accuracy 23 / 84 met price target | 50%upside $54 | Overweight Maintained | 31 Mar 2025 |
Benchmark Kurt Hallead 8% 1-year accuracy 3 / 38 met price target | 59%upside $57 | Buy Reiterated | 11 Feb 2025 |
Financial journalist opinion
Based on 22 articles about BKR published over the past 30 days
