Aker BP ASA (OTCMKTS:DETNF) Stock Price Crosses Below 50-Day Moving Average of $34.31

Aker BP ASA (OTCMKTS:DETNFGet Rating)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $34.31 and traded as low as $32.14. Aker BP ASA shares last traded at $32.14, with a volume of 21,535 shares changing hands.

Analysts Set New Price Targets

Several research firms recently commented on DETNF. Barclays cut their price target on Aker BP ASA from 510.00 to 460.00 in a report on Friday, July 22nd. Berenberg Bank raised Aker BP ASA from a “sell” rating to a “hold” rating in a report on Monday, June 13th. Finally, The Goldman Sachs Group began coverage on Aker BP ASA in a report on Wednesday, June 22nd. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Aker BP ASA presently has an average rating of “Hold” and a consensus price target of $398.00.

Aker BP ASA Price Performance

The firm has a 50-day moving average of $34.31 and a two-hundred day moving average of $35.88.

Aker BP ASA Company Profile

(Get Rating)

Aker BP ASA engages in the exploration, development, and production of oil and gas on the Norwegian Continental Shelf. The company has working interests in 36 fields/projects. As of December 31, 2021, its total net proven reserves were 599 million barrels of oil equivalents; and estimated total net proven plus probable reserves were 802 million barrels of oil equivalents.

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