SLB Upgraded to Outperform, Price Target Raised to $54

SLB N.V. (NYSE:SLB) is included among the 10 High Yield Crude Oil Stocks to Buy After Trump’s Blitz in Venezuela.

SLB N.V. (NYSE:SLB) engages in the provision of technology for the energy industry worldwide.

SLB N.V. (NYSE:SLB) received a lift on January 6 when Evercore ISI upgraded the stock from ‘In Line’ to ‘Outperform’, while also increasing its price target from $38 to $54. The upgrade comes as the analyst believes that SLB’s outlook is clearer than it has been in over two years.

Evercore also highlighted SLB’s $8 billion acquisition of ChampionX last year, in addition to its reduced exposure to APS through the Palliser exit, which the analyst thinks has repositioned the company towards the well head and production and reduced its overall risk profile. As a result, Evercore raised its 2026 and 2027 EPS estimates for SLB N.V. (NYSE:SLB) to $3.00 and $3.40 from $2.97 and $3.30, respectively.

SLB N.V. (NYSE:SLB) has surged by almost 18% since the beginning of 2026, as investors believe that the company could seriously benefit from the United States gaining access to Venezuela’s massive oil reserves. The South American country’s oil infrastructure is in a crumbling state following years of neglect, and rebuilding it will need significant investment and exactly the kind of services that SLB provides. The oilfield services provider’s technology would prove crucial to boosting Venezuelan crude production, potentially giving SLB a strong pipeline of projects and contributing significantly to its revenue.

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