Houston, Texas-based Baker Hughes Company (BKR) provides oilfield products, services, and digital solutions. Valued at $48.1 billion by market cap, BKR is one of the world's largest oilfield service providers offering drilling, well intervention, decommissioning, surface pressure control, onshore composite pipe, reservoir technical, and integrated well services.
Shares of this leading energy technology company have underperformed the broader market over the past year. BKR has gained 1.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 12.2%. In 2026, BKR stock is up 6.4%, compared to the SPX’s 10.3% rise on a YTD basis.
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Narrowing the focus, BKR’s underperformance is also apparent compared to the State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES). The exchange-traded fund has gained about 22.5% over the past year. Moreover, the ETF’s 19.5% returns on a YTD basis outshine BKR’s single-digit gains over the same time frame.
www.barchart.com Baker Hughes beat Q3 expectations with revenue up 14.5% year over year to $8 billion, propelled by soaring demand in data centers, LNG infrastructure, and the newly integrated Chart business. However, shares faced negative pressure due to declining operating margins caused by inflationary cost pressures and an unfavorable revenue mix, particularly in the Middle East and integration expenses. Looking ahead, management remains focused on executing its record backlog, capturing cost synergies from the Chart acquisition, and leveraging exposure to fast-growing energy and AI-driven power markets to drive long-term earnings growth.
For the current fiscal year, ending in December, analysts expect BKR’s EPS to decline 1.5% to $2.56 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.”
www.barchart.com This configuration is more bullish than a month ago, with 10 analysts suggesting a “Strong Buy,” and one recommending a “Strong Sell.”
On Oct. 30, Freedom Broker analyst Sergey Pigarev upgraded BKR to a “Hold” rating with a $52 price target, implying a potential upside of 7.8% from current levels.
The mean price target of $70.52 represents a 46.2% premium to BKR’s current price levels. The Street-high price target of $85 suggests an ambitious upside potential of 76.3%.
On the date of publication, Neha Panjwani did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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