Saipem (OTCMKTS:SAPMF – Get Free Report) is expected to post its resultson Tuesday, October 27th. Analysts expect Saipem to post earnings of ($0.2950) per share and revenue of $4.41 billion for the quarter.
Saipem Stock Performance
OTCMKTS:SAPMF opened at $5.00 on Tuesday. Saipem has a 52 week low of $2.50 and a 52 week high of $5.70. The firm has a 50-day moving average price of $5.04 and a two-hundred day moving average price of $5.00.
About Saipem
Saipem S.p.A. is an Italian engineering and construction company that provides services for the energy and infrastructure industries. Its activities include project management, engineering, procurement, construction, installation and maintenance for complex onshore and offshore developments.
The company operates across the energy value chain, supporting offshore and onshore oil and gas projects, drilling activities, subsea construction and pipeline infrastructure. Saipem also provides services for liquefied natural gas and other energy infrastructure projects, while expanding its capabilities in offshore wind, renewable energy and lower-carbon solutions.
Founded in 1957, Saipem developed from the construction and drilling activities associated with Italy’s energy sector and has grown into an international contractor.
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