Aker Solutions ASA (AKRTF) Projected to Post Quarterly Earnings on Thursday

Aker Solutions ASA (OTCMKTS:AKRTF) will likely be announcing its resultson Thursday, April 30th. Analysts expect the company to announce earnings of $0.1250 per share and revenue of $1.4282 billion for the quarter.

Aker Solutions ASA Price Performance

Aker Solutions ASA stock opened at $4.16 on Thursday. Aker Solutions ASA has a twelve month low of $2.65 and a twelve month high of $5.15. The company’s 50-day moving average price is $4.33 and its two-hundred day moving average price is $3.46.

Wall Street Analyst Weigh In

Several research firms have weighed in on AKRTF. Barclays cut shares of Aker Solutions ASA from an “equal weight” rating to an “underweight” rating in a report on Monday. Danske cut shares of Aker Solutions ASA from a “hold” rating to a “sell” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

About Aker Solutions ASA

Aker Solutions ASA is a Norway‐based engineering and technology company primarily serving the oil and gas industry. The firm specializes in the design, engineering, procurement, construction and commissioning of offshore platforms, topside modules and subsea systems. Its product portfolio includes subsea production systems, umbilicals, risers and flowlines, as well as maintenance and modification services for offshore installations.

In addition to its core oilfield services, Aker Solutions has expanded into energy transition markets.