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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Aker Solutions    AKSO   NO0010716582

AKER SOLUTIONS

(AKSO)
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Aker Solutions Gets 3-Year Contract Extension from ConocoPhillips

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09/11/2020 | 03:21am EDT

By Dominic Chopping

Norwegian oil-and-gas industry service providers Aker Solutions ASA said Friday it has secured a three-year contract extension to an existing framework agreement for work at North Sea fields operated by ConocoPhillips.

The company said it will continue as ConocoPhillips's main supplier of maintenance and modifications work offshore Norway, with the agreement running from January 2021 until the end of 2023.

The contract value will be determined by future call-offs for maintenance and modifications work and could range between 300 million Norwegian kroner and 700 million Norwegian kroner ($33.2 million-$77.5 million) a year, Aker said.

The contract will be booked as order intake in the third quarter of 2020.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
AKER ASA -3.39% 399.4 Delayed Quote.-23.94%
AKER SOLUTIONS -5.03% 8.785 Delayed Quote.-62.58%
CONOCOPHILLIPS 2.07% 33.6 Delayed Quote.-49.38%
LONDON BRENT OIL 0.58% 41.73 Delayed Quote.-36.73%
WTI 2.32% 40.294 Delayed Quote.-35.93%
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Financials
Sales 2020 22 262 M 2 347 M 2 347 M
Net income 2020 -1 114 M -117 M -117 M
Net Debt 2020 4 585 M 483 M 483 M
P/E ratio 2020 -2,25x
Yield 2020 -
Capitalization 2 515 M 267 M 265 M
EV / Sales 2020 0,32x
EV / Sales 2021 0,27x
Nbr of Employees 13 000
Free-Float 53,0%
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Technical analysis trends AKER SOLUTIONS
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 13
Average target price 13,78 NOK
Last Close Price 9,25 NOK
Spread / Highest target 278%
Spread / Average Target 49,0%
Spread / Lowest Target -61,5%
EPS Revisions
Managers
NameTitle
Kjetel Digre Chief Executive Officer
Øyvind Eriksen Chairman
Dean Watson COO & Executive VP-Subsea Lifecycle Services
Idar Eikrem Chief Financial Officer
Hervé Valla Chief Technology Officer
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