Oil prices are climbing again today as tensions in the Middle East raise fears of supply disruptions. U.S. benchmark West Texas Intermediate (WTI) crude jumped more than 12% to about $102 per barrel at the time of writing, marking its first move above the $100 level since July 2022. At the same time, global benchmark Brent crude rose about 13% to around $105 per barrel. The sharp rise in crude prices has once again put energy stocks such as Schlumberger (SLB) and Targa Resources (TRGP) on investors’ radar.
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Schlumberger (SLB)
Schlumberger is one of the world’s largest oilfield services companies. It provides tools and services that help oil and gas companies find and drill wells. When oil prices rise, producers often increase drilling, which can boost demand for Schlumberger’s services.
Turning to the financials, Schlumberger (SLB) reported solid results for the fourth quarter of 2025. The company posted adjusted earnings of $0.78 per share, beating Wall Street estimates of about $0.74, while revenue came in at $9.75 billion. The results reflected steady demand for oilfield services, especially in international markets.
Is Schlumberger a Good Stock to Buy?
Recently, Neil Mehta, a five-star analyst at Goldman Sachs, reiterated his Buy rating on the stock and raised his price target to $60 from $53. The new target suggests nearly 28% upside from the stock’s recent price. The analyst believes SLB is well positioned to benefit from rising oil activity, especially as energy companies increase drilling and production in response to higher crude prices. Strong demand for oilfield services could support the company’s growth in the coming quarters.
More broadly, SLB holds a Strong Buy rating on TipRanks based on 16 Buy ratings, with no Hold or Sell recommendations. The average SLB price target of $54.27 implies about 15.71% upside potential from current levels.
Targa Resources (TRGP)
Targa Resources is a major U.S. midstream energy company. The firm processes and transports natural gas and natural gas liquids across key energy regions in the United States.
Turning to the financials, Targa reported revenue of about $4.1 billion, which came in below Wall Street estimates of roughly $4.73 billion. However, the company posted earnings of $2.53 per share, ahead of the Street’s estimate of about $2.30.
Is TRGP a Buy, Sell, or Hold?
Wall Street analysts remain positive on Targa. Morgan Stanley analyst Robert Kad recently raised his price target on the stock to $298 from $266 and maintained an Overweight rating, noting that tensions in the Middle East could create new opportunities in global oil and gas markets. Meanwhile, RBC Capital lifted its price target to $260 from $218 and kept an Outperform rating, saying the company is well positioned for growth through 2026 as new projects supported by strong customer demand come online.
More broadly, TRGP holds a Strong Buy rating on TipRanks based on 10 Buys and one Hold recommendation. The average TRGP price target of $248.73 implies about 4.86% upside potential from current levels.
