Nordea lifts target for Aker BP stock to NOK 420.00

Published on 10/20/2026 at 18:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 production was 374.30 versus 383.60 mboepd in Q2. Aker BP stock costs EUR 36.00 on October 20, 2026, 2.04 percent above Tradegate close.

Analyst target and reporting date

Nordea raised its Aker BP target from NOK 380.00 to NOK 420.00 on October 19, 2026.
Third-quarter production was 374.30 mboepd versus 383.60 mboepd in the second quarter of 2026.
Aker BP stock costs EUR 36.00 at Lang & Schwarz on October 20, 2026 at 6:45 p.m. CEST, 2.04 percent above the Tradegate close of October 16, 2026.
Aker BP will publish its third-quarter report on October 29, 2026 at 6:00 a.m. CET.

Aker BP, NO0010345853, Illustration mit AI erstellt.

On October 19, 2026, Nordea raised its target for Aker BP from NOK 380.00 to NOK 420.00 and reiterated Buy, as reported by MarketScreener. The new target is 11.35 percent above the NOK 377.20 Oslo price on October 20, 2026 at 4:29 p.m. CEST. After the Xetra close, Aker BP stock was trading at EUR 36.00 at Lang & Schwarz on October 20, 2026 at 6:45 p.m. CEST, 2.04 percent above the Tradegate close of October 16, 2026 at EUR 35.28.

Production sets the second marker

Aker BP's third-quarter trading update dated October 14, 2026 put equity production at 374.30 thousand barrels of oil equivalent per day, down from 383.60 mboepd in the second quarter. The same release reported net volume sold of 395.70 mboepd, up from 375.70 mboepd, as overlift increased the sales figure. The figures come from Aker BP.

What does the target imply?

Nordea's NOK 420.00 target stands 11.35 percent above the NOK 377.20 Oslo price. That spread is the clearest numerical difference between the latest analyst view and the market quotation. Aker BP's next report will provide a fuller test of the preliminary production figures.

Price position and reporting dates

The company's third-quarter report is scheduled for October 29, 2026 at 6:00 a.m. CET, followed by a management webcast at 8:30 a.m. CET, according to Aker BP. The timing makes the production comparison the key numerical reference before the full quarterly report. On October 7, 2026, Reuters reported that estimated costs for the Yggdrasil project had risen to NOK 195.00 billion from NOK 177.60 billion, while Valhall-Fenris costs reached NOK 93.40 billion from NOK 75.90 billion.

Comparison with peers

Aker BP: up 0.40 percent in Oslo, P/E 17.83, market capitalization NOK 238.3 billion.

Equinor: down 1.77 percent in Oslo, P/E 12.38, market capitalization NOK 1.0 trillion.

Vår Energi: down 0.64 percent in Oslo, P/E 11.33, market capitalization NOK 140.3 billion.

Investor view from the figures

Aker BP combines a NOK 420.00 analyst target with lower preliminary production and higher net sales in the third quarter. The October 29 report will replace those preliminary figures with the company's full quarterly disclosure.

Aker BP stock was trading at EUR 36.00 at Lang & Schwarz on October 20, 2026 at 6:45 p.m. CEST, 2.04 percent above the Tradegate close of October 16, 2026 at EUR 35.28. The further course of trading is shown by the continuously updated real-time quote of Aker BP stock.