Baker Hughes jumps as Q1 results highlight record IET orders and a stronger balance sheet after portfolio moves

Baker Hughes Company (BKR) is up 4.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to investor reaction to Baker Hughes’ first-quarter 2026 earnings release and management commentary, which emphasized results above the company’s guidance range and accelerating momentum in its Industrial & Energy Technology (IET) segment. Record IET orders and backlog, alongside multiple recently announced divestitures and cash proceeds that improve liquidity, likely helped sentiment.

Details:

Baker Hughes reported Q1 2026 orders of $8.159 billion and revenue of $6.587 billion, with GAAP net income attributable to the company of $930 million.

IET delivered record quarterly orders of $4.9 billion, an IET book-to-bill of 1.5x, and record IET backlog of $33.1 billion, pointing to improved forward revenue visibility.

The company said it closed a joint venture with a Cactus subsidiary, receiving about $344.5 million in proceeds (before customary adjustments) while retaining a 35% ownership stake.

Baker Hughes also highlighted portfolio actions including the sale of its Precision Sensors & Instrumentation product line (about $1.15 billion of proceeds before customary adjustments) and an announced all-cash sale of Waygate Technologies for about $1.45 billion (before customary adjustments).

Sources:

Baker Hughes, FinancialContent, TipRanks

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$BKR Insider Trading Activity

$BKR insiders have traded $BKR stock on the open market 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.

Here’s a breakdown of recent trading of $BKR stock by insiders over the last 6 months:

LORENZO SIMONELLI (Chairman, President and CEO) has made 0 purchases and 2 sales selling 545,187 shares for an estimated $32,689,411.
MARIA C BORRAS (Chief Growth & Experience Ofcr) has made 0 purchases and 2 sales selling 115,060 shares for an estimated $6,519,891.
JAMES E APOSTOLIDES (Chief Infra & Performance Ofcr) has made 0 purchases and 2 sales selling 25,824 shares for an estimated $1,542,725.
MARIA GEORGIA MAGNO (Chief Legal Officer) has made 0 purchases and 2 sales selling 24,213 shares for an estimated $1,430,876.
AHMED FARHAN MOGHAL (EVP, Chief Financial Officer) sold 18,102 shares for an estimated $1,107,661
WILLIAM G BEATTIE sold 18,023 shares for an estimated $1,032,537
REBECCA L CHARLTON (SVP, Controller & CAO) has made 0 purchases and 3 sales selling 3,106 shares for an estimated $171,419.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$BKR Hedge Fund Activity

We have seen 521 institutional investors add shares of $BKR stock to their portfolio, and 406 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CARDANO RISK MANAGEMENT B.V. removed 45,601,258 shares (-92.4%) from their portfolio in Q1 2026, for an estimated $2,783,956,800
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 26,067,710 shares (-75.4%) from their portfolio in Q4 2025, for an estimated $1,187,123,513
JPMORGAN CHASE & CO removed 16,142,450 shares (-15.7%) from their portfolio in Q4 2025, for an estimated $735,127,173
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN added 11,243,248 shares (+876.7%) to their portfolio in Q4 2025, for an estimated $512,017,513
PRICE T ROWE ASSOCIATES INC /MD/ added 4,278,573 shares (+58.2%) to their portfolio in Q4 2025, for an estimated $194,846,214
BESSEMER GROUP INC added 3,464,637 shares (+12983.5%) to their portfolio in Q4 2025, for an estimated $157,779,568
PACER ADVISORS, INC. removed 3,315,070 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $150,968,287

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$BKR Congressional Stock Trading

Members of Congress have traded $BKR stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $BKR stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 12/19 and 1 sale worth up to $15,000 on 01/09.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$BKR Analyst Ratings

Wall Street analysts have issued reports on $BKR in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Barclays issued a "Overweight" rating on 01/27/2026
Stifel issued a "Buy" rating on 01/21/2026
TD Cowen issued a "Buy" rating on 10/27/2025

To track analyst ratings and price targets for $BKR, check out Quiver Quantitative's $BKR forecast page.

$BKR Price Targets

Multiple analysts have issued price targets for $BKR recently. We have seen 11 analysts offer price targets for $BKR in the last 6 months, with a median target of $65.0.

Here are some recent targets:

Derek Podhaizer from Piper Sandler set a target price of $64.0 on 04/15/2026
Scott Gruber from Citigroup set a target price of $69.0 on 04/07/2026
Charles Minervino from Susquehanna set a target price of $70.0 on 04/07/2026
Josh Silverstein from UBS set a target price of $69.0 on 04/02/2026
James West from Evercore ISI Group set a target price of $68.0 on 02/11/2026
Lloyd Byrne from Jefferies set a target price of $67.0 on 02/02/2026
Stephen Gengaro from Stifel set a target price of $63.0 on 02/02/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.