Stifel raises PTs for oilfield services companies on Venezuela opportunity

Liberty Energy

21/01/2026 13:37

** Brokerage Stifel raises PTs on oilfield services companies

** Says SLB SLB.N and Halliburton HAL.N appear best positioned to benefit from investment in Venezuela

** Adds: "We believe U.S. drilling and completion modestly exceeded expectations in 4Q25, but we don't expect much change to 2026 forecasts"

** Changes PT on following companies:

Companies
Old PT
New PT
Upside to stock's last close
Baker Hughes BKR.O
$52
$57
11.1%
Halliburton HAL.N
$32
$35
9.1%
Liberty Energy LBRT.N
$19
$23
14.2%
SLB SLB.N
$48
$52
11.9%

(Reporting by Pranav Mathur in Bengaluru)

((Pranav.Mathur@thomsonreuters.com;))