SLB Wins $1.5 Billion Kuwait Oil Contract, Jefferies and UBS Lift PT

Group 1: Company Overview - SLB N.V. (NYSE:SLB) is a global oilfield services company headquartered in Houston, Texas, with operations in over 100 countries, providing technology, information solutions, and integrated project management services to optimize reservoir performance [4]. Group 2: Recent Contracts and Developments - SLB N.V. has secured a $1.5 billion contract from Kuwait Oil Company to develop the Mutriba field over five years, which includes responsibilities for design, development, and production management [1]. - In December, SLB N.V. also obtained a five-year contract to provide services to Saudi Arabian Oil Company for its unconventional gas fields, indicating a trend of increased exploration and drilling activity in the region [2]. Group 3: Analyst Ratings and Price Targets - Jefferies raised its price target on SLB N.V. from $51 to $58 while maintaining a Buy rating, citing that the company's valuation is "not challenging" [3]. - UBS also increased its price target on SLB N.V. from $50 to $61, reaffirming a Buy rating on the stock [3].