Banca Akros (ESN) on Wednesday downgraded oilfield services company Saipem (SPM.MI) to accumulate from buy and lowered the price target to 4.40 euros from 4.80 euros.
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Gaztransport & Technigaz (GTT.PA), d/b/a GTT, said Tuesday it maintained its financial targets for full-year 2026.For the 12 months ending Dec. 31, the French liquefied gas transport and storage group expects consolidated revenue between 740 million euros and 780 million euros. In the second half of the year, it expects to generate 300 million euros of revenue.The company also affirmed expectations for revenue of 655 million euros in 2027, 603 million euros in 2028, and 295 million euros in 2029 and beyond.
Nabors Industries (NBR) reported a Q2 net loss late Tuesday of $2.04 per diluted share, compared with the loss of $2.71 a year earlier.Analysts polled by FactSet expected a loss of $1.30.Operating revenue in the three months ended June 30 fell to $814.8 million from $832.8 million a year earlier.Analysts expected $809.3 million.