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Saipem SpA

SPMI.MI

Latest Trade

4.30EUR

Change

-0.13(-2.96%)

Volume

5,474,611

Today's Range

4.27

 - 

4.39

52 Week Range

3.09

 - 

5.05

As of on the Italian SE (Mercato Continuo Italia) ∙ Minimum 15 minute delay

Pricing

Previous Close
4.43
Open
4.39
Volume
5,474,611
3M AVG Volume
174.33
Today's High
4.39
Today's Low
4.27
52 Week High
5.05
52 Week Low
3.09
Shares Out (MIL)
996.22
Market Cap (MIL)
4,453.78
Forward P/E
33.17
Dividend (Yield %)
--

Next Event

Q1 2020 Saipem SpA Earnings Release

Latest Developments

More

Saipem CEO says conditions exist for return to dividend

Saipem CEO says partner for drilling business could be industrial or "willing investor"

Saipem CEO still sees 2019 as a year of transition

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About Saipem SpA

Saipem SpA is an Italy-based company active as contractor in the oil and gas industry in remote areas and deepwater. It supplies engineering, procurement, project management and construction services with the design and the execution of offshore and onshore projects. In addition, the Company also offers technologies for the gas monetization and heavy oil exploitation. It is organized into five business units: Onshore Engineering & Construction, Offshore Engineering & Construction, Onshore Drilling, Offshore Drilling, and XSIGHT. The Engineering & Construction business unit operates both onshore and offshore. The offshore activities include platforms, marine terminals, pipelines and the development of deepwater fields. The onshore activities focus on the laying of pipelines and installation of plant, equipment and the floaters. The Drilling business unit carries out drilling programs in the onshore and offshore environments globally.

Industry

Oil Well Services & Equipment

Contact Info

Via Martiri di Cefalonia, 67

+39.02.5201

http://www.saipem.com

Executive Leadership

Francesco Caio

Non-Executive Chairman of the Board

Stefano Cao

Chief Executive Officer, Executive Director

Stefano Cavacini

Chief Financial Officer

Mario Colombo

General Counsel, Company Affairs and Governance

Dario Gallinari

Director Human Resources, Organisation and Services.

Key Stats

2.05 mean rating - 22 analysts
Sell
Hold
Buy
Revenue (MM, EUR)

2016

10.0K

2017

9.0K

2018

8.5K

2019(E)

9.0K
EPS (EUR)

2016

0.220

2017

0.050

2018

0.025

2019(E)

0.133
Price To Earnings (TTM)
--
Price To Sales (TTM)
0.48
Price To Book (MRQ)
--
Price To Cash Flow (TTM)
7.49
Total Debt To Equity (MRQ)
--
LT Debt To Equity (MRQ)
--
Return on Investment (TTM)
--
Return on Equity (TTM)
--

Latest News

Latest News

Saipem wins $100 million Equatorial Guinea pipeline contract

Italy's Saipem has been awarded a contract in Equatorial Guinea worth $90-$100 million to build a 70 km subsea pipeline linking the Alen platform with the Punta Europa petrochemical hub, the oil ministry said on Thursday.

Equatorial Guinea awards $100 mln pipeline contract to Saipem

Equatorial Guinea has awarded a $90-$100 million contract to build a 70 km subsea pipeline linking the Noble Energy operated Alen Unit to the country's Punta Europa petrochemical hub to Italian firm Saipem , the oil ministry said on Thursday.

Saipem chasing drilling partner to focus on offshore construction

Italian oil service group Saipem <SPMI.MI> is pressing ahead with plans to find a partner for its drilling unit to focus on its core business of building offshore installations and pipelines, the company's chief said on Thursday.

Saipem draws up short list of partners for drilling business

Italian oil services group Saipem <SPMI.MI> has drawn up a short list of potential partners for its drilling business as it casts around for joint venture deals to help revive growth.

UPDATE 1-Saipem CEO says Saudi contracts part of natural gas shift

Two contracts signed in Saudi Arabia for $3.5 billion by Italy's oil contractor Saipem are part of a shift in the company's strategy to focus more on natural gas, Chief Executive Stefano Cao said on Wednesday.

Italy's Saipem steps up drilling partner search with manager change - source

Italian oil contractor Saipem is stepping up efforts to find a partner for its drilling business by moving a top manager to head the business, a source with knowledge of the matter said on Tuesday.

UPDATE 2-Italy's Saipem looking for partners in drilling business -CEO

Italian oil services group Saipem is looking for partners for its drilling business, while it has ruled out a trade sale, the company's chief executive said on Thursday.

Saipem joint venture push with U.S. drillers draws a blank: sources

Italian oil services company Saipem is trying to lure big U.S. rivals into joint ventures but has so far failed to secure deals for stakes in drilling operations valued at up to 1.5 billion euros ($1.7 billion), six sources told Reuters.

Italy court upholds fine on Petrofac CEO for alleged insider trading on Saipem shares

A Rome court has upheld a fine imposed on Petrofac CEO Ayman Asfari by Italian market watchdog Consob for alleged insider trading in Saipem shares, a spokesman for the British oil services company said on Wednesday.

Saipem and former managers face trial in profit warning case

An Italian judge has ordered oil contractor Saipem and former executives to stand trial on charges of market manipulation and false accounting, the company said on Friday, confirming an earlier report.

Saipem sees higher sales this year after beating 2018 guidance

Italian oil services group Saipem said on Thursday it expected higher sales this year after beating 2018 forecasts and said it was looking for market opportunities.

Italy prosecutors probe Saipem over market irregularities

Milan prosecutors have launched a probe into alleged market irregularities involving Saipem and some of its managers including its CEO, the oil service group said on Tuesday.

Italian judges say Saipem knew about, aided bribes in Algeria

Italian oil service group Saipem knew about and abetted in bribes paid to win contracts in Algeria worth 8 billion euros ($9 billion), judges at a Milan court said in a detailed ruling filed on Tuesday.

Italy's Saipem to sign deal this week for Russian LNG work - sources

Italian energy contractor Saipem plans to sign a deal this week with Novatek to build offshore platforms for the Russian firm's liquefied natural gas project, Arctic LNG 2, two sources close to talks told Reuters.

Saipem revenues will not be impacted by cyber attack

A cyber attack on Italian oil service contractor Saipem will have no impact on the group's revenues, a spokesman said on Thursday.

Saipem says Shamoon variant crippled hundreds of computers

A hack on Italian oil services firm Saipem <SPMI.MI> that crippled more than 300 of the company's computers used a variant of the notorious Shamoon virus, Saipem said, a development that links the case to a massive attack in 2012 on Saudi Aramco.

Shamoon computer virus variant is lead suspect in hack on oil firm Saipem

A hack on Italian oil services firm Saipem that crippled more than 300 computers was likely caused by a variant of a notorious destructive virus known as Shamoon, the company and two cybersecurity firms said.

Saipem servers suffer cyber attack in Middle East

Italian oil services company Saipem <SPMI.MI> said it had identified a cyber attack out of India on Monday that had primarily affected its servers in the Middle East.

Oil service recovery forecasts lift Europe's Saipem and Aker

Major European oil service groups Saipem <SPMI.MI> and Aker Solutions <AKSOL.OL> gave investors in the struggling sector a rare ray of hope on Wednesday by signaling signs of recovery.

Saipem says Saudi Arabia remains a 'very, very important' market

Italian oil services company Saipem is committed to Saudi Arabia and plans to take part in a series of tenders in the country, its chief executive said on Wednesday.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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