SPM.MI - Saipem S.p.A.

Milan - Milan Delayed Price. Currency in EUR
4.634
+0.172 (+3.85%)
At close: 5:36PM CEST
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Previous Close4.462
Open4.542
Bid4.605 x 0
Ask4.640 x 0
Day's Range4.541 - 4.664
52 Week Range2.942 - 4.664
Volume21,964,211
Avg. Volume11,263,469
Market Cap4.652B
Beta1.20
PE Ratio (TTM)N/A
EPS (TTM)-0.379
Earnings DateOct 24, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2013-05-20
1y Target Est4.52
  • Reuters14 days ago

    Saipem says contract to transport gas to Serbia was awarded by Gazprom

    MILAN (Reuters) - Italian oil contractor Saipem (SPMI.MI) said it had been awarded a contract to lay pipes to transport gas to Serbia by Gazprom (GAZP.MM) unit Gastrans."For Saipem it is an important ...

  • Thomson Reuters StreetEvents18 days ago

    Edited Transcript of SPM.MI earnings conference call or presentation 25-Jul-18 7:00am GMT

    Q2 2018 Saipem SpA Earnings Call

  • Reuters21 days ago

    Saipem eyeing engineering acquisitions in shift away from drilling

    Italian oil services company Saipem (SPMI.MI) said it is considering acquisitions in engineering and construction as it shifts its business away from drilling activity, which has dragged on earnings. The company said it may make "targeted investments" in the engineering and construction sector to maintain its leadership, while at the same time considering "strategic options" for its drilling business. The shift in strategy came as the company reported a net loss of 321 million euros (£284.72 million) in the second quarter after booking costs of 316 million euros relating to writedowns, reorganisation costs and a tax settlement of 202 million euros.

  • Rigzone.com21 days ago

    Saudi Aramco Taps Saipem for Pipeline System Contract

    Saipem has won onshore contracts in Asia, Europe, North America and Africa totaling approximately $800 million.

  • Rigzone.comlast month

    Saipem-led JV Wins Contract for LNG Project in Nigeria

    Nigeria LNG is a venture including Nigerian National Petroleum Corporation and oil majors Royal Dutch Shell, Total and Eni.

  • Rigzone.com2 months ago

    Saipem Secures 'Pipeline Project' Work Worth $1.3B

    Saipem secures a 'pipeline project' in the Middle East offshore engineering and construction sector worth approximately $1.3 billion.

  • Thomson Reuters StreetEvents3 months ago

    Edited Transcript of SPM.MI earnings conference call or presentation 24-Apr-18 7:00am GMT

    Q1 2018 Saipem SpA Earnings Call

  • Moody's3 months ago

    Saipem Finance International B.V. -- Moody's affirms Saipem's Ba1 rating with stable outlook

    Moody's Investors Service, ("Moody's") has today affirmed the Ba1 corporate family rating (CFR), the Ba1-PD probability of default rating (PDR), and (P)Ba1 senior unsecured MTN program rating of Saipem S.p.A. (Saipem) and the Ba1/(P)Ba1 senior unsecured notes and program ratings of Saipem Finance International B.V. The outlook on all ratings remains stable. The rating action reflects Moody's expectation that adjusted leverage will remain below 4.0x and FFO/debt at around 20% for the next 12 - 18 months despite the company's guidance of further falling EBITDA in 2018. The offshore drilling market has been very weak for a number of years, which has impacted Saipem's operating performance materially.

  • Reuters4 months ago

    Subsea 7 says could change offer if McDermott cooperates

    Norwegian offshore oil services firm Subsea 7 is open to potentially sweetening its $2 billion offer for McDermott if the U.S. company would work with it to identify additional benefits of a deal, Subsea said on Wednesday. "Subsea 7 is open to considering amending its proposal if it can discover additional value through discussions with the McDermott management team," Subsea, one fifth owned by Norwegian billionaire Kristian Siem, said in a statement.

  • Reuters4 months ago

    Saipem scouting around as Subsea 7 bid makes waves

    Italian oil services group Saipem (SPMI.MI) is looking round for growth opportunities after a bid by rival Subsea 7 (SUBC.OL) for U.S. contractor McDermott (MDR.N) sent waves through the sector. "The bid is a sign of consolidation in the sector that needs to be monitored closely," Saipem CEO Stefano Cao said on Tuesday in a conference call after first quarter results. Subsea 7 made an unsolicited offer worth about $2 billion for McDermott on Monday, a deal that could make the Oslo-listed contractor a market leader for subsea equipment.

  • Reuters4 months ago

    Saipem scouting around as Subsea 7 bid makes waves

    Italian oil services group Saipem is looking round for growth opportunities after a bid by rival Subsea 7 for U.S. contractor McDermott sent waves through the sector. "The bid is a sign of consolidation in the sector that needs to be monitored closely," Saipem CEO Stefano Cao said on Tuesday in a conference call after first quarter results. Subsea 7 made an unsolicited offer worth about $2 billion for McDermott on Monday, a deal that could make the Oslo-listed contractor a market leader for subsea equipment.

  • Rigzone.com4 months ago

    Saipem Scouting Around as Subsea 7 Bid Makes Waves

    Italian oil services group Saipem is looking round for growth opportunities.

  • Reuters4 months ago

    Saipem republishes accounts to meet watchdog ruling but says will appeal

    Italian oil services company Saipem (SPMI.MI) said on Monday it had republished its 2015 and 2016 results to comply with a ruling by market regulator Consob, but it added that it would appeal the decision. Saipem, controlled by oil major Eni (ENI.MI) and state lender Cassa Depositi e Prestiti, said the adjustments had been requested by Consob to reflect the booking of impairment costs. On the basis of the requests it said its 2015 pro forma net loss would be 2.6 billion euros (2.2 billion pounds) from a reported loss of 789 million euros while its pro forma net loss in 2016 would be 368 million euros from a reported 2.1 billion euros.

  • Reuters4 months ago

    Saipem main investors to ask shareholders to reappoint Stefano Cao CEO

    The main investors in Italy's Saipem (SPMI.MI) said on Thursday they would ask shareholders to reappoint Stefano Cao as chief executive of the oil service company. CDP Equity, owned by state lender Cassa Depositi e Prestiti (CDP), and oil major Eni (ENI.MI) included Cao's name in a slate of directors they will propose at a Saipem shareholder meeting in May. "Stefano Cao is the candidate who possesses the required professional skills to be confirmed as CEO of the company," they said in a joint statement.

  • Rigzone.com4 months ago

    Saipem Main Investors to Ask Shareholders to Reappoint Stefano Cao CEO

    The main investors in Italy's Saipem said they would ask shareholders to reappoint Stefano Cao as chief executive of the oil service company.

  • Thomson Reuters StreetEvents5 months ago

    Edited Transcript of SPM.MI earnings conference call or presentation 6-Mar-18 9:30am GMT

    Full Year 2017 Saipem SpA Earnings & Strategy Update Call

  • Reuters5 months ago

    Saipem sees tough year ahead as oil majors keep purse strings tight

    Italian oil services company Saipem (SPMI.MI) expects its revenues to fall this year as energy majors keep a tight grip on purse strings and pressure oil contractors' order books. Saipem, controlled by oil major Eni (ENI.MI) and state lender CDP, said it expected sales to be around 8 billion euros (7.14 billion pounds)this year, a billion euros less than in 2017. The recent uptick in oil prices has not yet prompted oil service company clients to speed up investments despite a few timid signs of recovery in some segments, it said.

  • Rigzone.com5 months ago

    Saipem Sees Tough Year Ahead After 2017 Guidance Miss

    Italian oil services group Saipem expects a difficult year ahead after sales and profit last year fell short of its guidance due to weak order books.

  • Reuters6 months ago

    Italy prosecutor seeks jail sentences for Eni manager, ex-CEO in Algeria case

    An Italian prosecutor has asked for jail sentences for a top manager and a former chief executive of oil and gas group Eni (ENI.MI) who are standing trial in an Algerian corruption case. Milan prosecutor Isidoro Palma asked on Monday for Eni's Chief Upstream Officer Antonio Vella and former CEO Paolo Scaroni to be given sentences of five years and four months and six years and four months, respectively, in the case which is still ongoing. Under Italy's legal process, prosecutors can ask for a jail sentence in a case even though no verdict has been delivered.

  • Turkish blockade of ship off Cyprus is out of Eni's control - CEO
    Reuters6 months ago

    Turkish blockade of ship off Cyprus is out of Eni's control - CEO

    A Turkish blockade of a ship hired by Eni (ENI.MI) to drill for gas off the Cyprus coast is a diplomatic issue that is out of the Italian oil company's hands, Eni's CEO said on Friday. Last week, the Saipem 12000 drill ship heading from a location southwest of Cyprus towards an area southeast of the island was stopped by Turkish military ships and told not to continue because of military activities in the destination area. The ship is still halted, a Saipem (SPMI.MI) spokesman said.

  • Rigzone.com6 months ago

    Executives: Algeria's Sonatrach, Italy's Saipem Agree To End Disputes

    Sonatrach and Saipem sign an agreement to end their legal disputes over four gas projects.

  • Saipem SpA breached its 50 day moving average in a Bullish Manner : SPM-IT : December 20, 2017
    Capital Cube8 months ago

    Saipem SpA breached its 50 day moving average in a Bullish Manner : SPM-IT : December 20, 2017

    Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Saipem SpA. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average Bullish 50 ... Read more (Read more...)

  • Rigzone.com8 months ago

    Saipem Secures More Work in Saudi Arabia, West Africa

    Saipem is awarded a new services contract by Saudi Aramco for Engineering, Procurement, Construction (EPC) activities in Saudi Arabia.