Baker Hughes Stock Performance and Analyst Outlook: A Mixed Bag

Houston-based Baker Hughes Company (BKR) specializes in advanced technologies for efficiency in oilfield services. With a market capitalization of $36 billion, it is recognized as one of the largest providers in this sector, operating through its segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET).

Market Performance Overview

Over the past year, Baker Hughes has shown resilience, outperforming broader market trends but lagging in 2025. BKR stock recorded a 13.6% increase in value over the last 52 weeks, yet it has seen an 11.6% decline on a year-to-date basis. This is in contrast to the S&P 500 Index ($SPX), which gained 9.2% annually but dipped by 3.7% in 2025.

Industry Comparison

When looking at industry peers, BKR stock has significantly outperformed the iShares U.S. Oil Equipment & Services ETF’s (IEZ) steep 27.6% decline over the past year and a 17.2% decrease this year.

Recent Earnings Results

In its most recent trading session, on April 22, Baker Hughes’ stock fell 6.4% following the release of its mixed Q4 results. The company reported orders decreased by 1.3% year-over-year and 13.8% quarter-over-quarter, totaling $6.5 billion. Revenues stagnated at approximately $6.4 billion, slightly below analysts’ expectations by 1.3%. Additionally, operating cash flows dropped 9.6% year-over-year to $709 million, raising some concerns among investors. On a positive note, the adjusted EPS for the quarter increased 18.6% year-over-year to $0.51, exceeding consensus estimates by 8.5%.

Analyst Expectations for Fiscal 2025

Looking ahead, analysts project a 4.3% year-over-year growth in adjusted earnings for BKR for the full fiscal 2025, anticipated to reach $2.45 per share. Historically, Baker Hughes has exceeded bottom-line estimates by notable margins in each of the past four quarters.

Analyst Ratings and Price Targets

Currently, Baker Hughes holds a consensus “Strong Buy” rating from analysts. Of the 23 analysts covering the stock, 19 recommend “Strong Buy,” one suggests “Moderate Buy,” and three indicate “Hold.”

This rating structure has remained stable for the past three months. On April 24, RBC Capital analyst Keith Mackey reaffirmed a “Buy” rating for BKR, but adjusted the price target to $46.

The mean price target for Baker Hughes stands at $48.62, indicating a 34.1% premium to current price levels. Notably, the highest target of $57 suggests a remarkable upside potential of 57.2%.

On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.