Baker Hughes signed Venezuela deals: Goldman targets Baker Hughes stock at USD 71.00

Published on 10/13/2026 at 12:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs maintained a Buy rating and USD 71.00 target on October 9, 2026. Baker Hughes stock costs EUR 50.40 on October 13, 2026.

Baker Hughes had signed two Venezuela energy agreements on October 5, 2026.
Goldman Sachs set a USD 71.00 target and maintained a Buy rating on October 9, 2026.
Second-quarter revenue was USD 6.742 billion, down 2.4 percent year over year.
Baker Hughes stock was EUR 50.40 at Lang & Schwarz on October 13, 2026.

Editorial-Foto des NYSE-Handelsraums mit Verpackungssektor-Charts und beschäftigten Händlern — Ball Corp. NYSE-Handelssaal ISIN US05722G1004 mit Packaging-Sektor-Charts und aktiven Börsenhändlern am Bildschirm, Illustration mit AI erstellt.

Baker Hughes Co. (ISIN US05722G1004) had signed two Venezuela energy agreements, while Goldman Sachs maintained a Buy rating and set a USD 71.00 target on October 9, 2026. The stock was EUR 50.40 at Lang & Schwarz on October 13, 2026 at 12:07 p.m. CEST.

Venezuela agreements stay preliminary

According to GlobeNewswire on October 5, 2026, Baker Hughes signed a strategic alliance with PDVSA, Lindsayca and Fulcrum LNG to develop Venezuelan natural gas infrastructure. The company also signed a memorandum of understanding with New Stratus Energy for future oil and gas projects.

The release describes a cooperation framework covering field development, gas processing, transportation, LNG commercialization and domestic power supply. Specific projects remain subject to separate agreements, internal approvals and US sanctions and export-control requirements.

Second-quarter revenue sets the baseline

MarketWatch identifies Baker Hughes Company as a Nasdaq-listed issuer and reports second-quarter 2026 revenue of USD 6.7 billion. The company filing gives the precise figure as USD 6.742 billion, versus USD 6.910 billion in the second quarter of 2025, a 2.4 percent year-over-year decline.

The same filing reports second-quarter 2026 net income attributable to Baker Hughes of USD 681 million and diluted earnings per share of USD 0.68. The contrast matters: revenue declined, but the company still produced positive earnings in the latest reported quarter.

What comes next for Baker Hughes?

Baker Hughes scheduled its third-quarter 2026 results for October 27, 2026 at 5:00 p.m. ET, followed by a webcast on October 28, 2026 at 9:30 a.m. ET. That report will show whether the Venezuela framework has translated into measurable commercial progress.

Goldman Sachs set the USD 71.00 target after highlighting potential synergies from the Chart Industries consolidation and higher Industrial and Energy Technologies margins, according to Futunn on October 9, 2026.

Stock price and market value

Baker Hughes stock was EUR 50.40 at Lang & Schwarz on October 13, 2026 at 12:07 p.m. CEST. The primary Nasdaq listing had a USD 55.8 billion market capitalization and a USD 43.92 to USD 70.41 52-week range as of October 12, 2026.

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