Reading BKR? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track BKR free→Reading BKR? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track BKR free→NASDAQEnergyOil & Gas Equipment & ServicesSnapshot 2026-06-12
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
Recent financial performance is strong, but earnings quality is fragile, indicating that reported profits are not well supported by cash. Management's recent track record has been unsteady, and the sector backdrop is a headwind, which may pose challenges. Peer multiples imply a price about 10% below where it trades (it looks expensive on this basis); the read is fair, but weakening. Key factors to watch include guidance changes and trends among sector bellwethers like SLB, HAL, and FTI. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 6 valuation methods, at three horizons. Current price $63.14. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $63 BKR trades at 20× p/e, below its 22× p/e peer median. Our $57 fair value sits above the price; medium confidence. Analysts: $62–$80. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 11% near-term growth, in line with our forecast of about 6%. This describes what's priced in, not a forecast of the move.
Only weak execution quality, a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Energy names rated strong grew net income 60% of the time over the next year (vs 56% for the rest of the cohort, n=979).
Over the trailing year it converted 1.16x of net income into operating cash flow. Historically, Energy names rated fragile grew net income 38% of the time over the next year (vs 44% for the rest of the cohort, n=602).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to long-term interest rates, the US dollar, real (inflation-adjusted) rates, Fed net liquidity.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.47 → $0.47 (+0.4% / 30d). 2 raised, 0 cut, 14 covering analysts.
0 upgrades, 0 downgrades / 30d, 1 maintained. 73% of analysts rate Buy.
1 positive, 0 negative / 30d. See F4 management tile for the event list.
Market and fundamentals agree. Analysts are positioned bullishly on a fundamentally strong name.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$129.
How much price usually moves either way.
On a bad day, this stock has moved -$339.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $1,686.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-12
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Revenue growth below 2% YoY would signal weakening demand in a mature sector.
Confirms:Q2 revenue growth reported below 2% year over year.
Disproves:Q2 revenue growth exceeds 3% year over year.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
EU scrutiny may hinder acquisition synergies.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Other Events. As previously reported, on July 28, 2025, Baker Hughes Company, a Delaware corporation (“Baker Hughes”), Tango Merger Sub, Inc., a Delaware corporation and an indirect wholly owned subsidiary of Baker Hughes (“Merger Sub”), and Chart Industries, Inc., a Delaware corporation (“Chart”) entered into an Agreement and Plan of Merger (as it may be amended from time to time, the “Merger Agreement”), pursuant to which Baker Hughes will acquire Chart through a merger of Merger Sub with a…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
$62.00 – $80.00 (median $74.00) · 10 analysts · as of 2026-05-07
Roughly priced in line with peers.
Self-history needs ~20 months of data.
Trailing four: 2021-Q3, 2022-Q1, 2022-Q2, 2022-Q3
A side-by-side read on sector standing, valuation, and risk versus Oil & Gas Equipment & Services.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
BKR Baker Hughes | Above typical Show detailsSector percentile: 77 of 100 | full | moderate |
SLB Schlumberger | Typical Show detailsSector percentile: 60 of 100 | full | moderate |
HAL Halliburton | Above typical Show detailsSector percentile: 79 of 100 | fair | moderate |
FTI TechnipFMC | Above typical Show detailsSector percentile: 78 of 100 | full | moderate |
NOV NOV Inc. | Below typical Show detailsSector percentile: 27 of 100 | inexpensive | moderate |
8 material management or governance events in the past 24 months, led by M&A activity. Historically, Energy names rated volatile grew net income 45% of the time over the next year (vs 48% for the rest of the cohort, n=252).
Not investment advice. As of 2026-06-12.
via XLE
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-12.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Baker Hughes aims to expand Industrial & Energy Technology (IET) margins to 20%.
Baker Hughes aims for double-digit EPS accretion following strategic transactions.
Baker Hughes aims to increase full-year orders across its segments.
Why it matters: Getting double-digit EPS growth would show strong financial health. It would help management's growth goals.
Confirms:Q2 EPS growth reported at 10% or more year over year.
Disproves:Q2 EPS growth reported below 5% year over year.
Why it matters: Increasing orders would show that Baker Hughes is gaining market demand. This supports their goal to grow revenue.
Confirms:Q2 orders reported to increase year over year by more than 10%.
Disproves:Q2 orders reported to decline year over year or stay flat.
Why it matters: EPS guidance above $0.58 shows strong earnings potential. This is true even with market issues.
Confirms:Management reaffirms EPS guidance above $0.58 for the year.
Disproves:Management cuts EPS guidance to below $0.58.
Why it matters: If IET orders exceed $5 billion, it shows strong demand and supports margin growth.
Confirms:IET orders reported above $5 billion in Q2 2026.
Disproves:IET orders fall below $4.5 billion in Q2 2026.
Results of Operations and Financial Condition. On April 23, 2026, Baker Hughes Company (the "Company") issued a news release announcing its financial results for the quarter ended March 31, 2026, a copy of which is furnished with this Form 8-K as Exhibit 99.1 and incorporated herein by reference. In accordance with General Instructions B.2. of Form 8-K, the information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"…
Entry Into a Material Definitive Agreement On March 5, 2026, Baker Hughes Holdings LLC, an indirect, 100% owned subsidiary and the primary operating company of Baker Hughes Company (“BHH LLC”) and Baker Hughes Co-Obligor, Inc., a 100% owned finance subsidiary of BHH LLC (the “Co-Obligor,” and together with BHH LLC, the “Issuers”) entered into an underwriting agreement (the “EUR Underwriting Agreement”) by and among the Issuers, Baker Hughes Company (“BHC”) and Goldman Sachs & Co. LLC, Morgan…
The excerpt is incomplete and does not provide specific details about the event.
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information contained in