Saipem S.p.A. (SPM.MI)
| Previous close | 2.1430 |
| Open | 2.1680 |
| Bid | 2.1830 x 0 |
| Ask | 2.1920 x 0 |
| Day's range | 2.1490 - 2.2130 |
| 52-week range | 1.1410 - 2.4710 |
| Volume | |
| Avg. volume | 57,305,393 |
| Market cap | 4.314B |
| Beta (5Y monthly) | 1.98 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.2500 |
| Earnings date | 24 Jul 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 18 May 2020 |
| 1y target est | 2.70 |
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Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like SAPMF, HP and PDS.
ReutersSaipem expects low impact from Saudi Aramco's contracts suspension
Italy's Saipem said on Tuesday that a temporary suspension of oil drilling contracts by Saudi Aramco would have a low impact, leaving its 2024 targets within reach. Saudi Arabia's government in January ordered Aramco to halt its oil expansion plan and to target a maximum sustained production capacity of 12 million barrels per day (bpd), one million bpd below a goal announced in 2020. As a result more than 20 jack-ups, or shallow water drilling rigs, were expected to be suspended in the coming months, said Oslo-based firm Esgian which tracks drilling rigs.
ReutersItaly's Saipem says first-quarter core earnings jump 40%
Italian energy contractor Saipem said on Monday its first-quarter adjusted core earnings rose 40% on the same period of last year, driven by growth at its offshore engineering and construction business. Adjusted core earnings increased to 268 million euros ($285 million) from 191 million euros in the same period of last year.
