Aker BP (Buy, TP: NOK292.00) - A bright future lies ahead
Aker BP’s report contained no surprises with EBITDA of USD480m, in line with our forecast and 2% above consensus. With strong production growth and solid exploration results in 2019e we believe the outlook for Aker BP is bright and that the investor perception will improve in the coming quarters, on the back of strong 2019 exploration results and 2020e production growth. We reiterate our BUY and NOK292 target price.Aker BP ASA engages in the exploration, development, and production of petroleum resources on the Norwegian Shelf. In addition, Co. has a separate Johan Sverdrup business unit to manage its interest.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.