11:42 AM EST, 11/03/2026 (MT Newswires) -- Berenberg reduced its price target for Aker BP (AKRBP.OL) to 345 Norwegian kroner from 350 kroner amid a model update following the oil and gas exploration and production company's third-quarter results. "Overall, guidance for the year is broadly unchanged, other than slightly higher expectations for unit costs, and we make relatively minor changes to our forecasts," analysts wrote in a note published Tuesday. "AkerBP remains on track to deliver strong production growth over the next couple of years as its large development projects are brought online, and should deliver at least 5% DPS growth into 2027 given the commodity price backdrop. Further out, we remain cautious about the sustainability of the dividend based on the current portfolio, but note that the balance sheet provides the company with good flexibility for organic or inorganic growth." The research firm's forecast adjustments included a 3.8% increase in its adjusted EPS estimate for 2026, while those for 2027 and 2028 were nudged lower. The hold rating on the stock was maintained, with analysts expecting Aker BP to give more detail on its medium-term outlook when it releases its full-year 2026 earnings report in February 2027.

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