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Saipem SpA (SPM.MI)

Milan - Milan Delayed Price. Currency in EUR
1.3880-0.0170 (-1.21%)
As of 04:57PM CET. Market open.
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Neutralpattern detected
Previous Close1.4050
Bid1.3865 x 0
Ask1.3885 x 0
Day's Range1.3840 - 1.4280
52 Week Range0.5700 - 65.4762
Avg. Volume43,362,684
Market Cap2.769B
Beta (5Y Monthly)1.99
PE Ratio (TTM)N/A
EPS (TTM)-117.7150
Earnings DateFeb 27, 2023
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMay 18, 2020
1y Target Est1.50
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    • Reuters

      Saipem wins two offshore contracts in Egypt, Guyana for overall $1.2 bln

      Italian energy contractor Saipem has won two new contracts in Guyana and Egypt for an overall value of around $1.2 billion, it said in a statement on Thursday. The first contract has been awarded by ExxonMobil Guyana for the UARU oil field development project, located in the Stabroek block offshore Guyana at a water depth of around 2,000 meters. The second deal, in Egypt, was signed with Petrobel for the transportation, installation and pre-commissioning of 170 km of umbilical cables for the Zohr Field, with the offshore campaign is expected to start in the third quarter of 2023.

    • Reuters

      Saipem shares fall below issue price as banks prepare for stake sale

      MILAN (Reuters) -Shares in Saipem on Friday tumbled below the issue price for new stock in a hyper-dilutive cash call that fell short of the 2 billion euro ($2.01 billion) target the Italian energy services firm sought from investors to shore up its finances. By 1000 GMT Milan-listed shares were down 26.5% at 0.86 euros, while Saipem sold its new shares at 1.013 euros each. The company said on Friday that underwriting banks had completed the purchase of new shares, worth almost 600 million euros, left unsold after it raised just 70.4% of the targeted amount in the capital increase.

    • Reuters

      UPDATE 2-Italy's Saipem sells onshore drilling business to KCA Deutag

      Italian energy services group Saipem has agreed to sell its onshore drilling business to Britain's KCA Deutag (KCAD) for $550 million, as it strives to bolster its finances and focus on offshore drilling. Asset sales and a 2 billion euros ($2 billion) new share issue are part of Saipem's efforts to fund a turnaround plan after it downgraded earnings by 1 billion euros in January. The surprise profit warning, linked to a sharp margin deterioration on some contracts, came just three months after Saipem had presented a new business plan.