Oil Surges Past $110 as Trump Threatens ‘Hell’ for Iran — Which Energy Stocks Could Catch the Rally?
Crude oil prices have surged past $110 a barrel amid rising tensions in the Middle East. Over the weekend, President Donald Trump warned that etfs“>Iran it could face attacks on bridges and power plants if the vital Strait of Hormuz is not reopened. As a result, Brent crude (CM:BZ) hovered just around $110, while West Texas Intermediate (WTI) (CM:CL) neared $112. Here are three energy stocks — Schlumberger (SLB), Devon Energy (DVN), and Baker Hughes Company (BKR) — that analysts say have upside potential.
Using the TipRanks Stock Comparison Tool, we analyzed these three energy stocks across multiple parameters. All three have a Strong Buy rating from analysts with Positive and Very Positive sentiment among investors. Among them, SLB stock offers the highest upside, at nearly 13% with an average price target of $55.72, while BKR stock shows the lowest upside potential at 5%.
Let’s take a closer look at these three stocks.
Schlumberger is the world’s largest oilfield services provider and stands to benefit from rising oil prices and increased drilling amid geopolitical tensions. Its global reach and long-term projects make it less susceptible to short-term price fluctuations, while strong free cash flow and digital solutions support dividend payments and growth.
Last week, Citi’s five-star-rated analyst Scott Gruber raised his price target for SLB stock from $56 to $59, implying roughly 20% upside. Gruber’s update reflects his 2027 estimates, which he views as a “cleaner” year for SLB’s performance.
Devon Energy is a U.S.-based oil and gas producer poised to benefit from rising crude prices and geopolitical supply risks. Higher crude prices can directly boost revenues for this U.S.-focused oil and gas producer. For investors, DVN offers exposure to oil price upside along with the potential for attractive dividends and share buybacks during periods of elevated energy prices.
Guber also raises his price target on DVN stock from $44 to $60, implying over 21% upside. Meanwhile, Morgan Stanley’s five-star-rated analyst Devin McDermott lifted his price target from $59 from $46 and maintained a Buy rating. He noted record-high oil, LNG, and refining margins and believes that even with signs of de‑escalation in Iran, it’s becoming unlikely that these markets will return to their previous conditions anytime soon.
As a global oilfield services and equipment provider, BKR stands to gain from increased exploration, production, and infrastructure spending. Its diversified operations, strong service contracts, and exposure to international markets offer investors a way to play elevated energy prices while mitigating some of the volatility faced by pure producers.
Last week, UBS’ five-star-rated analyst Josh Silverstein raised his price target from $61 to $69 for BKR stock. He noted near-term headwinds in the Middle East could weigh on BKR earnings in the short term. However, the long-term outlook remains positive. He stated that rising oil prices should spur spending in oilfield services, while structural shifts in the LNG market and the company’s differentiated power offerings support growth and potential order expansion in 2027 and beyond.