With a market cap of $46.3 billion, Baker Hughes Company (BKR) is one of the world’s largest energy technology and oilfield service providers. Through its two segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET), the company delivers advanced products, services, and digital solutions across the energy and industrial value chain. 

Companies valued more than $10 billion are generally considered “large-cap” stocks, and Baker Hughes fits this criterion perfectly. With expertise spanning oilfield operations, LNG, and clean energy solutions, Baker Hughes plays a key role in helping customers drive efficiency while supporting the global transition to lower-carbon energy.

However, shares of the Houston, Texas-based company have dipped 5.3% from its 52-week high of $49.40. Over the past three months, the stock has soared 21.1%, which outpaced the Energy Select Sector SPDR Fund’s (XLE) rise of 3.4% during the same period.

In the long term, BKR stock is up 14.1% on a YTD basis, outperforming XLE’s 4.5% gain. Moreover, shares of the oilfield services company have surged 40.6% over the past 52 weeks, compared to XLE’s 5.2% increase over the same time frame.

The stock has been trading above its 50-day moving average since early June. Also, it has climbed above its 200-day moving average since late August.

Shares of Baker Hughes climbed 11.6% following its Q2 2025 results on July 22 as the company posted adjusted EPS of $0.63, topping analyst estimates. Revenue came in at $6.9 billion, above Wall Street forecasts, with its Industrial & Energy Technology (IET) segment rising 28% in gas technology orders to $3.3 billion, driven by strong LNG and data center demand. 

Despite a 3% year-over-year revenue decline from weaker drilling activity, investors responded positively to Baker Hughes’ ability to beat profit expectations, capitalize on natural gas growth, and signal confidence in exceeding its $1.5 billion data center equipment order target ahead of schedule.

In comparison, BKR stock has outperformed its rival Halliburton Company (HAL). HAL stock has dropped 19.7% over the past 52 weeks and 17.3% on a YTD basis.

Due to the stock’s strong performance, analysts are bullish about its prospects. BKR stock has a consensus rating of “Strong Buy” from the 23 analysts in coverage, and the mean price target of $50.91 represents a premium of 8.5% to current levels.