02:55 PM EDT, 04/24/2026 (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 $58, raised $7, reflects a combination of relative valuation and DCF models. On a relative basis, we apply a 9x multiple of enterprise value to projected 2027 EBITDA, about in line with SLB's historical forward average. This approach yields a value of $52 per share. Our DCF model, using medium-term free cash flow growth of 6% per year, 2.5% thereafter, discounted at a WACC of 7.3%, yields a value of $64 per share. The ongoing war in the Middle East is a source of near-term headwinds for SLB, including a projected $0.06 per-share impact in Q2 (our forecast: management cited a range of $0.06-$0.08 per share). In the longer term, we expect demand for oilfield services in the Middle East to bounce back, and SLB remains the preeminent oil services name in the region. We cut our 2026 EPS estimate by $0.58 to $2.21 but lift 2027's by $0.05 to $3.05. SLB also noted rising interest in deepwater activity, which bodes well for 2027 onward we think.