1756 ET - DUG Technology's share price has fallen around 7% since the conflict in Iran began, despite being favorably exposed to higher crude-oil prices. That's creating an opportunity for savvy investors, says Shaw & Partners. DUG provides seismic study data processing services to clients in the oil and gas industry. "While the linkage is indirect, DUG is favorably exposed to a rising oil price environment (via exploration and production budgets and higher free cash flow generation of its clients)," analyst Jules Cooper says. DUG also has limited direct revenue exposure to the Middle East. That insulates it from current geopolitical disruption. Shaw has a buy call and A$3.00/share price target on DUG, which ended Monday at A$2.02. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
March 16, 2026 17:56 ET (21:56 GMT)
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