|Bid||4.030 x 0|
|Ask||4.074 x 0|
|Day's Range||4.0310 - 4.0810|
|52 Week Range||3.4000 - 4.2140|
|Beta (3Y Monthly)||0.29|
|PE Ratio (TTM)||15.04|
|Earnings Date||Mar 12, 2019 - Mar 18, 2019|
|Forward Dividend & Yield||0.31 (7.79%)|
|1y Target Est||4.08|
Italian gas group Snam (SRG.MI) has a deal with Seat, a unit of German car maker Volkswagen (VOWD_p.DE), to boost the use of natural gas to power cars, the two companies said on Monday. Snam and Seat will explore ways to develop fuel station networks and create new products.
As Snam SpA (BIT:SRG) released its earnings announcement on 30 September 2018, the consensus outlook from analysts appear fairly confident, as a 10% increase in profits is expected in the Read More...
Moody's Investors Service ("Moody's") has today assigned a Prime-2 (P-2) short term rating to the new E1 billion Euro Commercial Paper Programme (ECP Programme) of SNAM S.p.A. ("SNAM"). The P-2 rating is consistent with SNAM's existing Baa2 long-term issuer and senior unsecured ratings. SNAM's Baa2/P-2 ratings reflect the low business risk profile of its monopoly-like gas transport and storage activities, carried out under an established and supportive regulatory framework.
Prime Minister Giuseppe Conte on Friday gave Italy's final approval to the Trans Adriatic Pipeline (TAP), a gas transport project which had been strongly contested by the 5-Star Movement, one of the two parties in the ruling coalition. "It's no longer possible to intervene in this project, which was planned by previous governments and carries contractual constraints," Conte said in a statement. TAP, the last leg of the $40 billion Southern Gas Corridor that will bring Azeri gas to Italy, is due to start pumping gas in 2020 but local opposition to the project has raised concern that work at the Italian end may not be completed in time.
Moody's Investors Service ("Moody's") has today confirmed CDP RETI S.p.A.'s ("CDP RETI") long-term issuer rating and the rating on CDP RETI's EUR750 million senior unsecured notes at Baa3. Concurrently, Moody's has downgraded the long-term issuer rating of Compagnia Valdostana delle Acque S.p.A. ("CVA") to Baa2 from Baa1. The rating actions were prompted by the rating agency's downgrade of the Government of Italy's bond rating to Baa3 with stable outlook from Baa2 under review for downgrade.
Moody's Investors Service ("Moody's") has today downgraded the long-term ratings of the following four Italian utilities: Hera S.p.A. ("Hera"), Italgas S.p.A. ("Italgas"), SNAM S.p.A. ("SNAM") and Terna - Rete Elettrica Nazionale S.p.A. ("Terna"). Concurrently, Moody's has affirmed Terna's short-term P-2/(P)P-2 ratings. The rating actions were prompted by the rating agency's downgrade of the Government of Italy's bond rating to Baa3 with stable outlook from Baa2 under review for downgrade.
A look at the shareholders of Snam SpA (BIT:SRG) can tell us which group is most powerful. Insiders often own a large chunk of younger, smaller, companies while huge companies Read More...
This article is intended for those of you who are at the beginning of your investing journey and want to begin learning the link between company’s fundamentals and stock marketRead More...
I am writing today to help inform people who are new to the stock market and want to better understand how you can grow your money by investing in SnamRead More...
Assessing Snam Sp.A.’s (BIT:SRG) past track record of performance is an insightful exercise for investors. It allows us to reflect on whether or not the company has met or exceedRead More...
Marco Alvera, chief executive officer at Snam SpA, discusses turning Italy into a gas trading hub, the impact of sanctions on Iran and outlook for energy in Europe overall. He speaks with Nejra Cehic and ...
Greece has accepted a 535 million euro (466.31 million pounds) offer from a consortium led by Italy's Snam (SRG.MI) for a majority stake in gas grid operator DESFA, naming it the "preferred investor", its privatisation agency said on Thursday. It also has a liquefied gas terminal facility on an islet off Athens. Strategically-placed, Greece could represent an important crossroads for the diversification of supplies and new natural gas routes in Europe, the consortium said.
Greece's privatisation agency on Monday asked a consortium led by Italy's Snam (SRG.MI), which made the highest bid for a 66 percent stake in gas grid operator DESFA, to further improve its offer. Greece relaunched the sale last year as part of its latest 86 billion euro international bailout, and after a previous 400 million euro (345.6 million pounds) deal with Azerbaijan's SOCAR fell through in 2016. Athens received two binding bids last month, one from Italy's Snam (SRG.MI), Spain's Enagas Internacional (ENAG.MC) and Belgium's Fluxys (FLUX.BR), and the other from a consortium of Spain's Regasificadora del Noroeste, Romania's Transgaz and the European Bank for Reconstruction and Development (EBRD).
MILAN (Reuters) - Italy's Snam (SRG.MI) and Belgium's Fluxys (FLUX.BR) said on Friday they would become the only shareholders in the Interconnector UK pipeline. The two gas infrastructure groups in the ...
Italian gas grid company Snam (SRG.MI) has launched a 33 million euro (£29.35 million) tender to convert its car fleet to natural gas in a sign of its commitment to develop gas fuelling stations in the country. The move comes as utilities across Europe race to embrace the fast-growing business of rolling out charging stations to meet carmaker pledges to move fleets to electric drives. Snam, controlled by state lender CDP, said in a tender it had set a Feb. 16 deadline for bids from European companies to convert its 1,500 vehicle fleet to natural gas.
Italian gas grid company Snam has launched a 33 million euro ($40 million) tender to convert its car fleet to natural gas in a sign of its commitment to develop gas fuelling stations in the country. The move comes as utilities across Europe race to embrace the fast-growing business of rolling out charging stations to meet carmaker pledges to move fleets to electric drives. Snam, controlled by state lender CDP, said in a tender it had set a Feb. 16 deadline for bids from European companies to convert its 1,500 vehicle fleet to natural gas.