Aker BP la this morning presented its report for 3. quarter, and be rewarded with an increase of 2.8 per cent to 133,60 money.
the Board of directors of the company propose in the report a dividend of 125 million dollars, distributed between December 2016 and march 2017.
Furthermore, the company will maintain a dividend level of at least 250 million dollars in the year ahead.
- Lower realized oil prices than expected, means that both turnover and EBITDA (operating profit before depreciation and amortisation) came in 2-5 per cent below our estimates and below consensus. But at the same time consolidated net debt of 2.4 billion, around 15 per cent lower than the estimates, write DNB Markets in today’s aksjerapport.
The proposed kvartalsutbyttet on 0,185 dollars per share, well above both the DNBs expectations and consensus, respectively. To 0.15 and $ 0.11 per share.
the investment firm has a kjøpsanbefaling at Aker BP with a price target of 146 million, and therefore an upside of around 11 per cent from current levels.
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