12:45 AM EDT, 03/13/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our 12-month target price of $51 (down by $4), reflects a combination of our relative valuation and DCF models. On a relative basis, we apply an 8.0x multiple of enterprise value to projected 2027 EBITDA, a discount to SLB's historical forward average. This approach yields a value of $44 per share. We think a discount is now reasonable given a high degree of uncertainty over the length of the war in Iran, and see it stifling customer activity across the Middle East. As a result, SLB, which has high exposure to the region, is likely to face poor near-term utilization of its assets in this region and a resulting adverse impact on margins. Meanwhile, our DCF model, using free cash flow growth of 6% and terminal growth of 2.5%, discounted at a WACC of 8.2%, suggests an intrinsic value of $58 per share. We cut our 2026 EPS estimate by $0.21 to $2.79, and 2027's by $0.16 to $3.00. Shares yield 2.4%.