Baker Hughes signs Venezuela deals. BofA cuts target for Baker Hughes stock to USD 73.

Published on 10/07/2026 at 14:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 6.74 billion, up 2.40 percent year over year. Baker Hughes stock costs EUR 51.11 after EUR 50.91 on October 7, 2026.

Fotorealistisches Bild einer Aluminiumdosen-Fabrik mit Förderbändern und Arbeitern — Ball Corp. produziert täglich Millionen Aluminiumdosen in großen US-Werken, ISIN US05722G1004 an der NYSE notiert, Illustration mit AI erstellt.

Baker Hughes Company (ISIN US05722G1004) was trading at EUR 51.11 at Lang & Schwarz on October 7, 2026, at 2:39 p.m. CEST, plus 0.39 percent versus the EUR 50.91 prior close. On October 5, Baker Hughes announced two Venezuela agreements, while BofA cut its price target from USD 74.00 to USD 73.00 on October 2 and kept a Buy rating.

Venezuela agreements build a framework

According to Baker Hughes on October 5, 2026, the first agreement creates an alliance with PDVSA, Lindsayca and Fulcrum LNG to develop Venezuela's natural gas infrastructure. A separate memorandum with New Stratus Energy covers future oil and gas prospects.

The framework spans upstream development, midstream infrastructure, gas monetization and potential LNG commercialization. Specific projects require definitive agreements, internal approvals and compliance with US sanctions and export controls, including authorizations from the Treasury Department's Office of Foreign Assets Control.

Revenue beat expectations in the second quarter

MarketBeat reported that Baker Hughes posted USD 6.74 billion of revenue in the second quarter of 2026, up 2.40 percent from the same period a year earlier. Earnings per share were USD 0.64, ahead of the USD 0.51 consensus, a USD 0.13 comparison advantage.

The figures give the Venezuela framework a financial backdrop, but the agreements themselves add no project revenue to the second-quarter result. For investors, the next test is whether the cooperation framework develops into separately approved projects with measurable backlog or revenue.

Analyst target moves to USD 73

According to Markets Insider on October 2, 2026, BofA lowered its Baker Hughes target to USD 73.00 from USD 74.00 and retained a Buy rating ahead of third-quarter reporting. The target change places analyst attention on execution as the company integrates its broader industrial technology portfolio.

Baker Hughes set the third-quarter results release for October 27, 2026, at 5:00 p.m. Eastern Time, followed by a webcast on October 28 at 9:30 a.m. Eastern Time. The report will show whether second-quarter revenue growth continued before the Venezuela initiatives move beyond their cooperation stage.

EUR 51.11 in trading

At Lang & Schwarz, Baker Hughes stock was trading at EUR 51.11 on October 7, 2026, at 2:39 p.m. CEST, up 0.39 percent versus the prior close of EUR 50.91. The primary listing is on Nasdaq in US dollars; the latest structured quote showed a USD 56.7 billion market capitalization and a USD 43.92 to USD 70.41 52-week range as of October 6, 2026.

The further course of trading is shown by the continuously updated real-time quote of Baker Hughes stock.