Saipem (SAPMF) Expected to Post Quarterly Earnings on Monday

Saipem (OTCMKTS:SAPMF) is expected to post its resultson Monday, July 27th. Analysts expect the company to announce earnings of ($0.2950) per share and revenue of $3.9845 billion for the quarter.

Saipem Price Performance

SAPMF stock opened at $4.81 on Monday. Saipem has a 12-month low of $2.50 and a 12-month high of $5.70. The stock’s 50 day simple moving average is $5.07 and its 200 day simple moving average is $4.37.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Saipem to a “hold” rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Saipem Company Profile

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.