Flat on the Oslo Stock Exchange – SAS up more than 16 percent – E24

The main index finished up 0.06 percent to 889.95 points.

The price of oil has also had a turbulent evolution, and is around 16.30 up to 0.56 percent. A barrel of North Sea oil (burned) is trading at $ 44.26.

Equinor was the most traded, falling 1.57 percent. Soon after, Mowi fell 1.86 percent.

SAS after the Norwegian report

On Thursday, major bank HSBC lowered Norwegian’s price target to 10 øre and now values ​​the company at NOK 370 million in a recent analysis. In May, the company was valued at more than NOK 14 billion.

Earlier this week, the government refused to provide the company with additional support in the event of a crisis.

The share fell 2.66 percent to 51 øre.

HSBC also noted that SAS will benefit from the problems in Norwegian and set SAS’s price target at NOK 1.75.

SAS rose 16.48 percent to NOK 1.24.

Salmar will pay dividends after a good quarter

During the morning hours, several companies released new quarterly figures, including Subsea7, Fjordkraft, Veidekke and Salmar.

The latter performed well above expectations in the third quarter, increasing from the start. The stock was up 2.73 percent and became one of the most traded today.

The fish farming company reported an operating profit of NOK 647 million, which was previously expected to be NOK 490 million.

At the same time, a dividend of NOK 13 per share is proposed for fiscal year 2019, a total of NOK 1.47 billion.

With his 52 percent stake in the company, CEO Gustav Witzøe will receive a dividend of NOK 772 million.

Veidekke stood up abruptly

Veidekke also delivered results ahead of the stock market opening. It showed a turnover above expectations and better results for the company.

Participation increased ten percent after the quarterly report was submitted.

Subsea 7 reported a sharp drop in earnings in the third quarter on Thursday morning.

Stable revenues, but higher operating costs contributed to the oil supplier’s loss.

The stock fell 1.66 percent.