Houston, Texas-based Baker Hughes Company (BKR) provides oilfield products, services, and digital solutions. Valued at $42.8 billion by market cap, BKR is one of the world’s largest oilfield service providers, offering drilling, well intervention, decommissioning, surface pressure control, onshore composite pipe, reservoir technical, and integrated well services.
Shares of this leading energy technology company have outperformed the broader market over the past year. BKR has gained 28.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 21.1%. However, in 2025, BKR stock is up 7%, compared to the SPX’s 7.9% rise on a YTD basis.
Zooming in further, BKR’s outperformance is also apparent compared to the Oil & Gas Equipment & Services ETF (XES). The exchange-traded fund has declined about 22.9% over the past year. Moreover, BKR’s single-digit gains on a YTD basis outshine the ETF’s 16.8% losses over the same time frame.
On Jul. 22, BKR reported its Q2 results, and its shares closed up more than 11% in the following trading session. Its adjusted EPS of $0.63 topped Wall Street expectations of $0.55. The company’s revenue was $6.9 billion, exceeding Wall Street forecasts of $6.6 billion.
For the current fiscal year, ending in December, analysts expect BKR’s EPS to grow 1.7% to $2.39 on a diluted basis. The company’s earnings surprise history is impressive. It beat the consensus estimate in each of the last four quarters.
Among the 21 analysts covering BKR stock, the consensus is a “Strong Buy.” That’s based on 15 “Strong Buy” ratings, two “Moderate Buys,” and four “Holds.”
This configuration is less bullish than a month ago, with 17 analysts suggesting a “Strong Buy.”
On Aug. 5, BofA analyst Saurabh Pant kept a “Buy” rating on BKR and raised the price target to $52, implying a potential upside of 19.7% from current levels.
The mean price target of $50.09 represents a 15.3% premium to BKR’s current price levels. The Street-high price target of $58 suggests an ambitious upside potential of 33.5%.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
