Saipem traded at 4.34 this Friday April 24th, increasing 0.12 or 2.72 percent since the previous trading session. Looking back, over the last four weeks, Saipem gained 20.34 percent. Over the last 12 months, its price rose by 115.66 percent. Looking ahead, we forecast Saipem to be priced at 4.22 by the end of this quarter and at 3.90 in one year, according to Trading Economics global macro models projections and analysts expectations.
Saipem SpA is an Italy-based company active as contractor in the oil and gas industry in remote areas and deepwater. It supplies engineering, procurement, project management and construction services with the design and the execution of offshore and onshore projects. In addition, the Company also offers technologies for the gas monetization and heavy oil exploitation. It is organized into five business units: Onshore Engineering & Construction, Offshore Engineering & Construction, Onshore Drilling, Offshore Drilling, and XSIGHT. The Engineering & Construction business unit operates both onshore and offshore. The offshore activities include platforms, marine terminals, pipelines and the development of deepwater fields. The onshore activities focus on the laying of pipelines and installation of plant, equipment and the floaters. The Drilling business unit carries out drilling programs in the onshore and offshore environments globally.