- Aker BP’s revenue for the second quarter stands at $3.38 billion, surpassing the estimated $3.31 billion.
- Earnings Before Interest, Taxes, Depreciation, and Amortization (Ebitda) is $2.97 billion, compared to an estimate of $2.92 billion.
- Earnings Before Interest and Taxes (Ebit) amounts to $2.30 billion.
- Pre-tax income reported is $2.28 billion, slightly below the estimated $2.31 billion.
- Net income is $561 million, exceeding the estimate of $529.9 million.
- Earnings Per Share (EPS) is 89 cents, higher than the expected 86 cents.
- Dividend per share declared is 60 cents.
- Exploration expenses are $107.6 million, higher than the estimated $81.3 million.
- Analyst recommendations: 13 buys, 11 holds, and 1 sell.
A look at Aker BP ASA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts predict a positive long-term outlook for Aker BP ASA, an oil and gas exploration company, based on their Smartkarma Smart Scores. With high scores in Dividend and strong scores in Value, Growth, Resilience, and Momentum, Aker BP ASA is positioned well for future success. The company’s focus on exploring and developing petroleum resources in the Norwegian Shelf has contributed to its favorable score, indicating promising prospects ahead.
Aker BP ASA‘s impressive Smart Scores, particularly in Dividend and Growth, highlight the company’s robust financial standing and potential for expansion. With a solid foundation in resilience and a growing momentum, Aker BP ASA is poised to continue its upward trajectory in the oil and gas industry. Investors may find Aker BP ASA to be an attractive long-term investment option based on its positive outlook and consistent performance in the sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
