Baker Hughes (BKR)

• Market cap: $42.7B
• 1 day: -1.26%
• 5 days: -3.84%
• 1 month: -3.39%
• 3 months: 5.23%
• 6 months: 19.17%
• Year to date: 3.66%
• 1 year: 28.60%
• 5 years: 293.07%
• 10 years: 15.65%
• Sector: Industrials
• Industry: Oil & Gas Field Machinery & Equipment

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 filings by fund managers ($100M+ AUM)

181% more first-time investments, than exits

New positions opened: 166 | Existing positions closed: 59

17% more repeat investments, than reductions

Existing positions increased: 330 | Existing positions reduced: 283

14% more funds holding in top 10

Funds holding in top 10: 7 [Q3] → 8 (+1) [Q4]

12% more funds holding

Funds holding: 774 [Q3] → 867 (+93) [Q4]

7% more capital invested

Capital invested by funds: $35.2B [Q3] → $37.7B (+$2.46B) [Q4]

5.19% less ownership

Funds ownership: 97.98% [Q3] → 92.8% (-5.19%) [Q4]

11% less call options, than puts

Call options by funds: $224M | Put options by funds: $251M

Research analyst outlook

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

• Low target: $50 16% upside
• Avg. target: $53 24% upside
• High target: $57 32% upside

12 analyst ratings

• positive: 12 100%
• neutral: 0 0%
• negative: 0 0%

Benchmark Kurt Hallead 15% 1-year accuracy 6 / 41 met price target	32% upside $57	Buy Reiterated	11 Feb 2025
Barclays David Anderson 40% 1-year accuracy 33 / 83 met price target	28% upside $55	Overweight Maintained	4 Feb 2025
Susquehanna Charles Minervino 43% 1-year accuracy 29 / 68 met price target	28% upside $55	Positive Maintained	3 Feb 2025
Stifel Stephen Gengaro 42% 1-year accuracy 38 / 90 met price target	25% upside $54	Buy Maintained	3 Feb 2025
RBC Capital Keith Mackey 27% 1-year accuracy 6 / 22 met price target	23% upside $53	Outperform Maintained	3 Feb 2025