Revised Investment Plan: Petrobras is set to unveil a revised five-year investment plan, reducing its capital expenditure for 2025-2029 from $111 billion to $109 billion due to declining oil prices and a challenging economic environment.
Focus on Production and Refining: The company aims to enhance production capacity and modernize its refineries, leveraging successful projects like the Almirante Tamandare floating production unit to improve efficiency and meet both domestic and international energy demands.
Financial Discipline: Petrobras is committed to maintaining its dividend policy and avoiding excessive debt while reassessing investments to align with economic realities, ensuring long-term sustainability and continued contributions to Brazil's economy.
Market Adaptation: The revised plan reflects Petrobras' strategy to navigate the fluctuating global energy market by maximizing output from existing assets and making strategic investments, positioning itself as a resilient player in the energy sector.
Wall Street analysts forecast OII stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for OII is 25.50 USD with a low forecast of 23.00 USD and a high forecast of 28.00 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
Wall Street analysts forecast OII stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for OII is 25.50 USD with a low forecast of 23.00 USD and a high forecast of 28.00 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.
0 Buy
2 Hold
0 Sell
Hold
Current: 28.440
Low
23.00
Averages
25.50
High
28.00
Current: 28.440
Low
23.00
Averages
25.50
High
28.00
TD Cowen
Hold
maintain
$27 -> $28
2026-01-07
Reason
TD Cowen
Price Target
$27 -> $28
AI Analysis
2026-01-07
maintain
Hold
Reason
TD Cowen raised the firm's price target on Oceaneering to $28 from $27 and keeps a Hold rating on the shares. The firm adjusted targets in the oilfield services group as part of a Q4 preview. Many oilfield stocks have responded positively to the capture of Nicolas Maduro, anticipating increased oilfield investment in Venezuela, the analyst tells investors in a research note. However, TD thinks it will take a long time and require a lot of guarantees from the U.S. government for U.S. companies to commit capital. It says the stock rallies on the news may be overdone. However, many names in the group remain "cheap," the firm adds.
TD Cowen
Marc Bianchi
Hold
maintain
$25 -> $27
2025-11-03
Reason
TD Cowen
Marc Bianchi
Price Target
$25 -> $27
2025-11-03
maintain
Hold
Reason
TD Cowen analyst Marc Bianchi raised the firm's price target on Oceaneering to $27 from $25 and keeps a Hold rating on the shares. The firm said its Q3 beat was driven by ADTech and Offshore Projects, while management guided to a return of typical 4Q and 1Q seasonality across SSR and OPG that was absent last year.
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Barclays
Eddie Kim
Equal Weight
maintain
$22 -> $23
2025-10-28
Reason
Barclays
Eddie Kim
Price Target
$22 -> $23
2025-10-28
maintain
Equal Weight
Reason
Barclays analyst Eddie Kim raised the firm's price target on Oceaneering to $23 from $22 and keeps an Equal Weight rating on the shares. Despite a solid Q3 beat, the stock underperformed given the company's "somewhat muted" preliminary fiscal 2026 guidance, the analyst tells investors in a research note.
Citi
Scott Gruber
Neutral
maintain
$20 -> $26
2025-09-09
Reason
Citi
Scott Gruber
Price Target
$20 -> $26
2025-09-09
maintain
Neutral
Reason
Citi analyst Scott Gruber raised the firm's price target on Oceaneering to $26 from $20 and keeps a Neutral rating on the shares. The firm updated models in the oil and gas equipment and services group post the Q2 reports.
About OII
Oceaneering International, Inc. is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. Its Subsea Robotics segment includes remotely operated vehicles (ROVs), survey services and ROV tooling businesses. The Manufactured Products segment provides distribution systems, such as production control umbilicals and connection systems made up of specialty subsea hardware, along with clamp connectors and subsea and topside control valves. The Offshore Projects Group segment provides a portfolio of integrated subsea project capabilities and solutions. The Integrity Management & Digital Solutions segment provides asset integrity management, corrosion management, inspection and nondestructive testing services. The Aerospace and Defense Technologies segment provides services and products, including engineering and related manufacturing in defense and space exploration activities.
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.
