Carnegie cuts Aker BP to 'hold', warns of possible post-Q4 share decline

Aker BP ASA

27/01/2026 09:17

** DNB Carnegie cuts Norwegian oil exploration and development company Aker BP AKRBP.OL to "hold" from "buy", citing the stock's tendency to trade down post Q4 results

** The company's shares have traded about 3% lower intraday after its Q4 report in seven out of the past eight years, and were down in the following week in all eight, Carnegie says

** The broker adds market consensus could sit at the high end of the 2026 production guidance, despite Aker BP often guiding conservatively and beating expectations

** Therefore, "the guidance could be seen as a disappointment by investors", it says

** Carnegie says the 2026 production guidance will be in focus when the results are published on February 11, with its mid-point "likely to disappoint"

** Out of the 23 analysts covering the stock, seven rate it "strong buy"/"buy", nine "hold" and seven "sell"/"strong sell" - LSEG data

(Reporting by Vera Dvorakova)

((vera.dvorakova@thomsonreuters.com))