SLB·Schlumberger Limited

Recent developments indicate a bullish sentiment towards SLB. Amy Raskin of Chevy Chase Trust announced on CNBC that she purchased more SLB shares, reflecting a positive outlook from a key investor. This follows a series of contract wins for SLB, most notably multiple offshore drilling services contracts for the Tangkulo gas project in Indonesia, with first gas expected by the end of 2028. These contracts highlight SLB's competitive positioning and support Indonesia's energy security objectives. Johnson Rice also raised its price target for SLB, maintaining an Accumulate rating, suggesting potential for further stock appreciation. However, SLB's stock underperformed its peers on Wednesday, despite intraday gains, which may signal potential headwinds. Furthermore, SLB is also focusing on the Middle East due to slowing U.S. drilling activity. Investors should watch for further developments in the Indonesian gas project and monitor the company's performance relative to its competitors.