Baker Hughes Company (BKR) has been dominating important investment portfolios with various entities globally acquiring, buying, and boosting their stakes. These include renowned entities like the Czech National Bank, Canandaigua National Bank & Trust Co. and Sumitomo Mitsui DS Asset Management Company Ltd. Investors have enjoyed an impressive 306% return over the past five years. BKR has clinched crucial contracts including a multi-year agreement with Petrobras and an agreement to construct a flare gas recovery system in Iraq. Analysts have set a target price of $52.29 for BKR. On the downside, companies like Reinhart Partners LLC and Voya Investment Management LLC liquidated significant shareholdings. However, the energy tech firm has its sights set on innovation, as demonstrated through its statewide deepwater technology projects and signing of a major LNG contract. There are concerns around BKR outperforming its sector and also the company’s valuation after its gas contract wins and global service expansion. The company has also won a key contract to support Sakarya Gas Field Phase 3. While the reasons behind the recent fall in BKR's stock remain ambiguous, the firm continues to forge strategic partnerships & acquisitions.
Baker Hughes Company BKR News Analytics from Sun, 26 Jan 2025 08:00:00 GMT to Sun, 21 Sep 2025 00:56:52 GMT -
