10 Best LNG and LNG Shipping Stocks to Buy According to Analysts

6. Baker Hughes Company (NASDAQ:BKR)

Average Upside Potential: 13.40%

Number of Hedge Fund Holders: 58

Baker Hughes Company (NASDAQ:BKR), an energy technology company, provides solutions for energy and industrial consumers around the world. The company has been in the liquefied natural gas (LNG) sector for over four decades, as it continues to expand its operations.

Baker Hughes Company (NASDAQ:BKR) recently secured a deal with Venture Global to source technology and equipment for the U.S. LNG projects. On the other hand, the company controls a portion of LNG production facilities in Qatar and Australia. Also, in order to support its global LNG strategy, the company has also signed a long-term capacity deal with the Zeebrugge LNG terminal. Thus, the strategic gameplay of the company has allowed it to expand and become a leading player in the LNG sector.

Due to growing demand for LNG and increased order flow, Baker Hughes Company (NASDAQ:BKR) reported $7.36 billion in revenue for the year ended December 31, 2024, which was up by 7.74% year-on-year. Free cash flow climbed up to $894 million, which resulted in a $1.3 billion return to shareholders through dividends and share repurchases. Baker Hughes Company (NASDAQ:BKR) enhanced operational optimization and sustained energy infrastructure investments, resulting in an increased earning and liquidity of $6.4 billion by year-end.

At the end of the year 2024, Baker Hughes Company (NASDAQ:BKR) recorded its second-highest annual order volume, with a total order worth $13 billion, signaling thriving demand for LNG equipment and energy solutions. Fueled by major contract wins, including two liquefaction compression trains with an 11 MTPA capacity for the LNG project for Woodside energy in Louisiana and the others, LNG orders secured $2.1 billion.

To fund its long-term growth in LNG infrastructure, Baker Hughes Company anticipates 100 MTPA of final investment decisions in between 2024 and 2026. Therefore, Baker Hughes remains strategically placed for long-term growth due to a strong order backlog, diversifying energy transition investments and unwavering demand for natural gas infrastructure.