Houston, Texas-based Baker Hughes Firm (BKR) offers oilfield merchandise, companies, and digital options. Valued at $42.8 billion by market cap, BKR is among the world’s largest oilfield service suppliers, providing drilling, effectively intervention, decommissioning, floor stress management, onshore composite pipe, reservoir technical, and built-in effectively companies.
Shares of this main power expertise firm have outperformed the broader market over the previous 12 months. BKR has gained 28.2% over this time-frame, whereas the broader S&P 500 Index ($SPX) has rallied almost 21.1%. Nevertheless, in 2025, BKR inventory is up 7%, in comparison with the SPX’s 7.9% rise on a YTD foundation.
Zooming in additional, BKR’s outperformance can also be obvious in comparison with the Oil & Gasoline Gear & Providers ETF (XES). The exchange-traded fund has declined about 22.9% over the previous 12 months. Furthermore, BKR’s single-digit good points on a YTD foundation outshine the ETF’s 16.8% losses over the identical time-frame.
On Jul. 22, BKR reported its Q2 outcomes, and its shares closed up greater than 11% within the following buying and selling session. Its adjusted EPS of $0.63 topped Wall Avenue expectations of $0.55. The corporate’s income was $6.9 billion, exceeding Wall Avenue forecasts of $6.6 billion.
For the present fiscal 12 months, ending in December, analysts count on BKR’s EPS to develop 1.7% to $2.39 on a diluted foundation. The corporate’s earnings shock historical past is spectacular. It beat the consensus estimate in every of the final 4 quarters.
Among the many 21 analysts overlaying BKR inventory, the consensus is a “Sturdy Purchase.” That’s based mostly on 15 “Sturdy Purchase” rankings, two “Reasonable Buys,” and 4 “Holds.”
This configuration is much less bullish than a month in the past, with 17 analysts suggesting a “Sturdy Purchase.”
On Aug. 5, BofA analyst Saurabh Pant stored a “Purchase” ranking on BKR and raised the worth goal to $52, implying a possible upside of 19.7% from present ranges.
The imply worth goal of $50.09 represents a 15.3% premium to BKR’s present worth ranges. The Avenue-high worth goal of $58 suggests an formidable upside potential of 33.5%.
On the date of publication, Neha Panjwani didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All info and knowledge on this article is solely for informational functions. This text was initially printed on Barchart.com
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