-- 月曜午後、エネルギー関連株は上昇し、ニューヨーク証券取引所エネルギーセクター指数は0.4%、ステート・ストリート・エネルギー・セレクト・セクターSPDR ETF(XLE)は0.3%それぞれ上昇した。 フィラデルフィア石油サービスセクター指数は1.4%上昇、ダウ・ジョーンズ米国公益事業指数は1.2%下落した。 セクターニュースでは、イラン港湾周辺の海上交通に対する米国の封鎖開始期限が過ぎたことを受け、原油価格が上昇した。米国中央軍(CENTCOM)が日曜に発表した声明によると、イラン港湾への出入りを禁じる海上交通の封鎖は月曜午前10時(米国東部時間)に開始される予定だった。 期近のWTI原油先物価格は3.2%上昇し1バレル99.72ドル、国際指標であるブレント原油先物価格は5%上昇し1バレル99.93ドルとなった。ヘンリーハブ天然ガス先物価格は0.6%下落し、100万BTUあたり2.63ドルとなった。 企業ニュースでは、ロイター通信によると、シェブロン(CVX)とシェル(SHEL)がベネズエラの石油・ガス田開発に関する協定を締結する予定だ。シェブロン株は1%上昇、シェル株は0.5%上昇した。
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Research Alert: CFRA Keeps Strong Buy Opinion On Shares Of Baker Hughes
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by $14 to $82, reflecting a combination of our sum-of-the-parts (SOTP) and DCF models. For our SOTP model, we presume the oilfield services business (about 50% of BKR's franchise) to be valued at about 10x projected 2027 EBITDA (in line with major peers) and its industrial energy technology business (the other 50%) valued at 14x projected 2027 EBITDA (in line with the peer median). This blended approach, yielding a 12x multiple, implies a value of $73 per share. Meanwhile, our DCF model, using medium-term free cash flow growth of 5% per year, terminal growth of 2.5%, discounted at a WACC of 6.3%, yields intrinsic value of $91 per share. We cut our 2026 EPS estimate by $0.47 to $2.48, but we raise 2027's by $0.07 to $3.24. We acknowledge that the oilfield services business is likely to struggle in 2026 owing to the U.S.-Iran conflict, but the IET business appears quite robust and likely to be a source of both accelerating revenue growth and margins.
Research Alert: CFRA Maintains Hold Opinion In Shares Of Wab
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target to $285 from $275 following WAB's Q1 earnings print, valuing shares at 24.2x our 2027 EPS outlook of $11.76 (revised from $11.46; 2026 EPS estimate up to $10.57 from $10.50), a slight premium to WAB's long-term historical multiple average given structural improvements in earnings quality. While we are cautious on signs of overcapacity in the freight market, an elevated order backlog (12-month sits at over $9 billion), internal initiatives to shore up margins, and potential synergies from M&A activity positions WAB to continue growing earnings at double-digit rates in 2026-2027, in our view. Despite tariff-related cost pressures, WAB has done a commendable job of defending margins via a mix of pricing, lean manufacturing, and pruning of lower-profit operations. Q1 results were mixed but overall positive, in our view. We maintain our Hold recommendation on shares.