In the Sweet Spot · November 11, 2026 · Baker Hughes (BKR) · Energy

Baker Hughes: a high-quality energy name near its 52-week low

Baker Hughes sits in the sweet spot with a PAR of 16.0%, quality of 89.8 and a core score of 231, trading 7.9% above its 52-week low.

Baker Hughes (BKR) was Manifest Investing's In the Sweet Spot daily stock pick for November 11, 2026. At the time of the pick, Baker Hughes carried a quality percentile of 90 and a projected annual return (PAR) of 16.0% against a MIPAR of 9.3%, placing it inside the sweet spot of 14.3% to 19.3%.

Key metrics at the time of the pick

Quality percentile

90

Projected annual return (PAR)

16.0%

MIPAR (median PAR of coverage)

9.3%

PROVE

13.2%

Core score (of 300)

231

Financial strength (of 100)

85

EPS stability (of 100)

56.4

Sales growth forecast

5.5%

P/E ratio

18.5

Price at pick

$47.77

52-week low

$44.26

52-week high

$70.41

Above 52-week low

7.9%

Below 52-week high

32.2%

Dividend yield

1.9%

Projected yield

1.2%

In the sweet spot

Yes

Triple play

No

Educational research only. No position is taken and no shares are bought on anyone’s behalf.

Why Baker Hughes, why today

Where it sits in our framework

• PAR (projected annual return, our five-year estimate of price appreciation plus yield): 16.0%. MIPAR, the median PAR across all stocks we follow, is 9.3%. The sweet spot runs from MIPAR + 5 to MIPAR + 10 points, or 14.3% to 19.3%. Baker Hughes is inside that band, with room on both sides.
• Quality: 89.8. This is a percentile against all covered stocks. It is built from financial strength, EPS stability, relative sales growth and relative profitability. Above 80 is what we call excellent.
• Financial strength of 85 out of 100 and EPS stability of 56.4 out of 100. The balance sheet is a clear plus. Earnings are moderately predictable, which fits an oilfield-equipment business tied to the energy cycle.
• Core score of 231 out of 300. That is quality percentile plus financial strength plus EPS stability. A total of 225 or more marks a core-holding candidate.
• Growth forecast of 5.5% for sales. This is a steady expectation, and the PAR does not depend on heroic growth. Projected yield is 1.2%, against a current yield of 1.88%.

The price setup

At $47.77, the stock is 32.2% below its 52-week high of $70.41 and only 7.9% above its 52-week low of $44.26. PAR moves inversely to price. A lower price with unchanged projections is what lifts the projected return into the sweet spot. The question for a student of the stock is whether the pullback reflects a change in fundamentals or just sentiment. The analyst inputs were last revised October 23, before the pullback to current levels.

Mixed signals to weigh

Our aggregator lists a Wall Street consensus 12-month price target of $72.50. That is a short-horizon outside data point and is not comparable to our five-year PAR.

The next earnings report is expected January 25, 2027, after the third-quarter report on October 27. We will be watching how the company deploys the Waygate proceeds and whether the order flow keeps supporting its outlook.

Quality and returns can both be right at once, but projections are not guarantees. Energy cycles can turn quickly, and the actual return may differ materially from PAR.

Sources

• TPAO, Baker Hughes sign Turkish geothermal cooperation deal
• Baker Hughes Sharpens Portfolio Focus With $1.45B Waygate Sale
• Baker Hughes Closes Sale of Waygate Technologies to Hexagon

About In the Sweet Spot

Manifest Investing's daily stock pick: one high-quality company whose projected annual return (PAR) sits in the sweet spot above the market median (MIPAR). Each pick pairs Manifest Investing's quality percentile with its projected annual return (PAR); the sweet spot runs from MIPAR + 5 to MIPAR + 10 percentage points. Browse every pick in the archive.

In the Sweet Spot is educational and is not investment advice or a recommendation to buy or sell any security. Figures reflect Manifest Investing's methodology as of the pick date.