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Investing.com - Stifel has raised its price target on Baker Hughes (NASDAQ:BKR), a $46.7 billion oilfield services company, to $52.00 from $50.00 while maintaining a Buy rating. According to InvestingPro data, the stock trades at a P/E ratio of 16.3 and offers a 2% dividend yield, with an impressive track record of maintaining dividend payments for 39 consecutive years.
The price target increase follows Baker Hughes’ strong third-quarter 2025 performance, which exceeded analyst expectations, along with robust order flow in its Industrial & Energy Technology (IET) segment and better-than-expected guidance for the fourth quarter.
Despite these positive developments, Baker Hughes shares declined 3.3% on Friday, underperforming the S&P 500 which rose 0.8% on the same day.
Stifel attributes the share price decline to investor expectations for an announcement following Baker Hughes’ October 6 press release, which stated the company was "performing a comprehensive evaluation of capital allocation, business, cost structure and operations to continue delivering shareholder value."
Stifel expressed confidence in Baker Hughes’ management team, noting their "excellent track record over the last 7+ years" and belief that management and the Board will make decisions that benefit shareholders.
In other recent news, Baker Hughes reported its third-quarter 2025 earnings, outperforming analyst expectations. The company achieved an earnings per share (EPS) of $0.68, surpassing the forecasted $0.62. Additionally, Baker Hughes exceeded revenue projections, generating $7 billion compared to the expected $6.82 billion. These results highlight the company’s robust financial performance in the recent quarter. Despite these positive outcomes, the stock experienced a decline in after-hours trading, reflecting investor caution. However, the earnings and revenue figures remain a significant highlight for investors. The company’s ability to surpass expectations may influence future analyst ratings. Analyst firms are likely to take note of these developments in their future assessments.
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