Saipem (SAPMF) to Release Earnings on Tuesday

Key Points

• Saipem will report quarterly results on Tuesday, April 21, with analysts forecasting EPS of ($0.2941) and revenue of $4.1506 billion.
• The stock is trading lower (down about 1.4%) after opening at $4.80, with a 52-week range of $2.11–$5.00 and 50-/200-day moving averages of $4.06 and $3.27, respectively.
• Analyst coverage is positive after Kepler Capital Markets upgraded Saipem to a "strong-buy"; the consensus rating is "Buy" (two Strong Buy ratings and one Hold).

Saipem (OTCMKTS:SAPMF - Get Free Report) is projected to release its resultson Tuesday, April 21st. Analysts expect Saipem to post earnings of ($0.2941) per share and revenue of $4.1506 billion for the quarter.

Saipem Trading Down 1.4%

Shares of OTCMKTS:SAPMF opened at $4.80 on Tuesday. Saipem has a 1 year low of $2.11 and a 1 year high of $5.00. The business has a fifty day simple moving average of $4.06 and a 200 day simple moving average of $3.27.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded Saipem to a "strong-buy" rating in a report on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy".

About Saipem

Saipem is a leading global engineering and construction company specializing in upstream, midstream and downstream projects for the oil and gas industry. The company offers a full suite of services including engineering, procurement, construction and installation (EPCI) for onshore and offshore facilities, as well as specialized drilling services. Its expertise spans the development of floating production units, subsea pipelines, and complex petrochemical plants, catering to major energy producers and national oil companies around the world.

In addition to its core oil and gas portfolio, Saipem has expanded into renewable energy and infrastructure markets, leveraging its engineering capabilities in areas such as offshore wind, hydrogen, and carbon capture and storage.

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