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logoMorningstarJanuary 12, 2021

Baker Hughes Company: Energy Stocks Surge on Positive Vaccine News, but Plenty of Upside Remains

Symbols
BKR
Sector(s)
Energy
Rating
Premium
Current Price
$24.37
Fair Value
Premium
Economic Moat
Premium
Stewardship
Premium
Summary

Baker Hughes in its current form originated in 2017 from the merger of Baker Hughes with GE Oil & Gas. Baker Hughes’ history of oilfield innovation stretches back over a century, and with the combination with GE, the company now can offer the full spectrum of services to oil and gas companies, from upstream to downstream.

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Analyst Profile

Preston Caldwell

Equity Analyst
Preston Caldwell is an analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc., serving as a member of the energy sector team as well as the China Economic Committee. For the energy team, he covers oilfield services stocks and participates in crafting Morningstar’s long-term oil price forecasts. As a member of the China Economic Committee, he manages Morningstar’s macroeconomic forecasting for China, including the publishing of quarterly economic update reports.Before joining Morningstar in 2016, Caldwell earned his master’s degree in business administration from Rice University, where he served as chief investment officer of the student equity investment fund. Caldwell also holds a bachelor’s degree in economics from the University of Arkansas.