Yara hits the stock market | Finansavisen

On the list of winners we also note Aker Solutions, which rises over 9 per cent to NOK 42.92 in the wake of Thursday’s strong quarterly report. JP Morgan has reacted by upgrading the share from underweight to neutral and raising the price target from NOK 40 to NOK 46.

Pareto and Fearnley Securities have raised their price targets by a couple of kroner, and reiterated their buy recommendations.

Autostore rises 10 per cent to NOK 16.88 after Pareto and Norne Securities have upgraded the share to buy in the wake of the first quarter report earlier this week. Both have kept their price targets unchanged at NOK 18 and NOK 21 respectively. Furthermore, Arctic Securities has raised its price target from NOK 21 to NOK 23, while ABG Sundal has lowered its price target from NOK 24 to NOK 23.

Cracked in shipping

In shipping, we notice that Frontline adds close to 3 percent to NOK 258.50. Clarksons claimed to Finansavisen earlier this week that the share is still attractive, even after rising 27-28 percent so far this year. The perception is that the ship values ​​used by the analysts to calculate the NAV in Frontline are conservative.

Belships bounces up 5-6 percent after a dry bulk update from Petter Haugen in ABG Sundal Collier. He maintains his buy recommendations but raises price targets on 2020 Bulkers, Belships, Golden Ocean, Himalaya Shipping and Klaveness Combination Carriers, with an average upside of 50 percent.

We also include MPC Container Ships, which rose over 4 percent. Earlier this week, Finansavisen wrote that investor Harald Moræus-Hanssen has bought into the company, while at the same time realizing gains in container ships outside the stock exchange.

Speaks the oil up

Oil prices are markedly up from closing time on Thursday, following statements by US Treasury Secretary Janet Yellen that the US economy is stronger than yesterday’s GDP figures gave the impression.

– What I focus on most is the strength in private consumption and investments. These two elements of final demand came in line with last year’s growth rate, so this is the US economy showing sustained, robust growth. The headline numbers were a bit “off”, but for reasons that are special and don’t really indicate underlying strength, she said in an interview with Reuters.

The June contract for Brent oil stands at $89.22 per barrel. barrels, up 0.2 percent (24 cents) since midnight and up from $87.49 when Oslo Børs closed on Thursday. WTI oil stands at $83.87 per barrel. barrels, up 0.6 percent so far in today’s trade.

Equinor falls 0.4 per cent, while Aker BP is up 0.6 per cent. Carnegie has raised the price target from NOK 300 to NOK 315 following the quarterly report earlier this week.

Looking red at emissions

Aqua Bio Technology topped the winners’ list for a long time with a 15 percent increase after Thursday’s update, which shows gross revenues of NOK 35 million and positive EBITDA on a consolidated basis in the first quarter.

Now the excitement has subsided, and shares are barely up.

Pryme announced after closing time yesterday that the company has this week completed two consecutive production periods where over 25 tonnes of plastic waste was converted into 20 tonnes of pyrolysis oil which is now ready for shipping. The share rises 8 percent.

On the negative side, we note Lifecare, which falls over 11 per cent to NOK 3.01 after the board has proposed a partially guaranteed rights issue with gross proceeds of NOK 75-90 million.