Petrobras Collaborates with DOF for Significant $390M Subsea Inspection Project
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Petrobras and DOF Group Partnership: Petrobras has awarded DOF Group a $390 million contract package for subsea inspection services, marking a significant collaboration aimed at enhancing the integrity of Brazil's offshore oil and gas infrastructure.
Innovative Inspection Model: The contracts utilize a performance-based inspection model rather than a traditional day-rate format, allowing for greater operational efficiency and flexibility, with over 4,000 planned inspections across key offshore regions set to begin in 2026.
Analyst Views on PBR
Wall Street analysts forecast PBR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PBR is 15.15 USD with a low forecast of 13.30 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 13.770
Low
13.30
Averages
15.15
High
17.00
Current: 13.770
Low
13.30
Averages
15.15
High
17.00
About PBR
Petroleo Brasileiro SA Petrobras is a Brazil-based company. The Company specializes in the oil, natural gas and energy industry. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks. Its segments include Exploration and Production (exploration, development, and production of crude oil, natural gas liquids, and natural gas); Refining, Transportation, and Marketing (refining, logistics, transport, trading of oil products, ethanol export, shale processing); Gas and Power (transportation and trading of natural and imported gas); Biofuels (production of biodiesel and ethanol); Distribution (fuel distribution); and Corporate (administrative and support functions).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
