Trump Iran Threat Drives Oil Surge; Energy Stocks Rally

Brent crude hovered around $110, while West Texas Intermediate (WTI) neared $112. Analysts, including Citi's Scott Gruber, Morgan Stanley's Devin McDermott, and UBS's Josh Silverstein, maintain "Strong Buy" ratings on Schlumberger (SLB), Devon Energy (DVN), and Baker Hughes Company (BKR).

Schlumberger offers the highest upside at nearly 13% with an average price target of $55.72, according to TipRanks Stock Comparison Tool data. Citi's Scott Gruber raised SLB's price target from $56 to $59, implying 20% upside, and DVN's price target from $44 to $60, implying over 21% upside.

Morgan Stanley's Devin McDermott noted record-high oil, LNG, and refining margins. UBS's Josh Silverstein raised BKR's price target from $61 to $69, acknowledging short-term headwinds but affirming a positive long-term outlook driven by rising oil prices and structural shifts in the LNG market.