-- 外交努力の決裂を受け、米国とイラン間の緊張が高まる中、原油価格は木曜日に4営業日連続で上昇した。 ブレント原油先物価格は0.8%上昇し、1バレル102.67ドルとなった。WTI原油先物価格は1.2%上昇し、1バレル94.07ドルとなった。 サクソバンクのアナリストは、「イランと米国がホルムズ海峡の封鎖を試み、主要な複数の商品の世界的な供給を深刻に混乱させている戦争の終結が見えない中、原油価格は4日連続で上昇し、ブレント原油は103ドル前後で推移している」と述べた。 「トランプ大統領は、ワシントンが修正和平案を待つ間、停戦は無期限に維持されると述べたが、イランは近いうちに協議を行う予定はないと示唆している」とアナリストは付け加えた。 専門家らは、イランがホルムズ海峡でタンカー2隻を拿捕し、国防総省が海峡の機雷除去に6ヶ月かかる可能性があるとの見通しを示したことを受け、市場は長期化する供給危機を見越して価格を急激に調整していると指摘している。 海上での対立は、木曜日に米軍がインド洋で制裁対象の石油タンカー「マジェスティックX」を拿捕したことで、最高潮に達した。 これに先立ち、イラン船籍の船舶3隻が阻止されたとの報道があり、国防総省はホルムズ海峡の機雷除去に最大6ヶ月かかる可能性があるとの見通しを示した。 事態は大きくエスカレートし、トランプ大統領はソーシャルメディアを通じて米海軍に対し、海峡に機雷を敷設している小型船舶を「射殺せよ」と直接命令した。 「ためらう余地はない」と大統領は述べ、イラン海軍は159隻が「海底に沈んだ」ことで壊滅状態にあると付け加えた。
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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.
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