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Baker Hughes Incorporated

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Baker Hughes has a leading position in the North American oilfield services market with strong portfolio of products and services. This should help it post better-than-average results over the long term in North America and enable it to expand further in international markets. Year-to-date, the company’s robust performance is reflected in the price chart. During the aforesaid period, Baker Hughes stock outperformed the Zacks-categorized oil and gas field services market. Moreover, with the recent OPEC deal of production cut amid the supply glut, oil price has somewhat recovered. This will call for more contracts for oilfield services players like Baker Hughes. Moreover, the recent deal of Baker Hughes and General Electric is a huge positive. This is because the complementary products of the companies are anticipated to provide more integrated solutions to customers.

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