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Petrobras Contracts And Flexible Vessels Will Secure Offshore Potential

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DOFG
AnalystConsensusTarget
Not Invested
Published 12 Feb 2025

Update shared on26 Sep 2025

Fair value Increased 4.60%
Previous
AnalystConsensusTarget's Fair Value
NOK 125.00
20.2% undervalued intrinsic discount
26 Sep
NOK 99.80
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1Y
13.9%
7D
5.3%

The consensus analyst price target for DOF Group has increased to NOK125.00, driven by sharply higher estimates for both future P/E and revenue growth.


What's in the News


  • DOF Group ASA secured a three-year contract extension for Skandi Patagonia with TotalEnergies in Argentina, effective from January 2026, including two additional one-year extension options.
  • DOF Group ASA has been added to the Oslo OBX Total Return Index.
  • DOF Group ASA won a limited-value contract (up to USD 15 million) for moorings hook-up services in the APAC region utilizing Skandi Hercules, with execution scheduled for first quarter 2026.
  • Equinor Energy AS exercised a one-year extension for Skandi Flora and Skandi Mongstad, starting October 2025, with a further extension option from October 2026.
  • DOF Group ASA secured a substantial APAC subsea services contract (USD 25–50 million range) for Skandi Inventor, commencing January 2026 with extension options.

Valuation Changes


Summary of Valuation Changes for DOF Group

  • The Consensus Analyst Price Target has risen slightly from NOK119.50 to NOK125.00.
  • The Future P/E for DOF Group has significantly risen from 9.76x to 94.80x.
  • The Consensus Revenue Growth forecasts for DOF Group has significantly risen from 8.9% per annum to 10.0% per annum.

Disclaimer

AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.