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5 stories mentioning SPM.MI

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Equities

AlphaValue/Baader Europe Updates FY26 Estimates for Saipem's EPS, Dividend

AlphaValue/Baader Europe on Wednesday revised its assumptions for Saipem's (SPM.MI) EPS and dividend in 2026."Our upgraded EPS estimates for Saipem are driven by the higher EBITDA assumption (lifted to EUR1.85bn in 2026, closer to management's ~EUR1.9bn guidance) and the lower [capital expenditure] of EUR450m vs 520 (in line with 2026 guidance, excluding the Deep Value Driller drillship acquisition)," analysts said.The estimate for the Italian energy company's EPS in 2026 was lifted by 18.5% to 0.2 euro, while the dividend per share forecast was cut to 0.17 euro from 0.9 euro after management said distribution will be in line with the previous year.The stock is rated add with a price target of 5.23 euros.

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Equities

Next Geosolutions Lands Contract Expansion with Saipem

Italian oilfield services company Saipem (SPM.MI) expanded its 70 million-euro contract covering the Bouri Gas Utilisation project in North Africa with Next Geosolutions (NXT.MI).The marine geoscience and offshore construction services company said Monday the survey and installation support contract was increased by 4 million euros to 6 million euros, and covers the deployment of two specialized vessels for offshore touch down monitoring activities.Further, Rana Subsea's contract for specialized diving and installation services was increased by 25 million euros to 30 million euros, including the exercise of options and a new tender for further activities under the project.

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Research

Barclays Downgrades Saipem to Equalweight, Boosts PT

Barclays on Monday downgraded oilfield services company Saipem (SPM.MI) to equal weight from overweight, while increasing its price target to 5 euros from 4 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Equities

Saipem Bags EUR700 Million Contract with Eni for Biorefinery Project in Italy

Saipem (SPM.MI) secured a contract worth 700 million euros to provide engineering, procurement, and construction services for a new biorefinery project in Sicily, Italy.The Italian energy company's Eni Industrial Evolution subsidiary is commissioning the Priolo biorefinery project, according to a Monday release. The development will feature a new plant that will produce sustainable bio-jet fuel and hydrotreated vegetable oil diesel.The Italian oilfield services company expects to complete works under the contract by the end of 2028.

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Research

Intesa Sanpaolo Downgrades Saipem to Neutral, Boosts PT

Intesa Sanpaolo on Friday downgraded Italian oilfield services company Saipem (SPM.MI) to neutral from buy and increased its price target to 4.30 euros from 3.20 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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