Saipem SpA (OTCMKTS:SAPMF) to Post Q1 2020 Earnings of $0.06 Per Share, Jefferies Financial Group Forecasts

Saipem SpA (OTCMKTS:SAPMF) – Stock analysts at Jefferies Financial Group upped their Q1 2020 EPS estimates for Saipem in a report released on Friday, December 6th. Jefferies Financial Group analyst M. Wilson now anticipates that the company will earn $0.06 per share for the quarter, up from their previous estimate of $0.05. Jefferies Financial Group also issued estimates for Saipem’s Q1 2021 earnings at $0.09 EPS.

Several other analysts also recently issued reports on SAPMF. Barclays downgraded shares of Saipem from an “overweight” rating to an “equal weight” rating in a research report on Monday, November 25th. Zacks Investment Research lowered shares of Saipem from a “buy” rating to a “hold” rating in a research note on Wednesday, September 18th.

Saipem stock opened at $4.40 on Monday. Saipem has a one year low of $4.40 and a one year high of $4.95. The stock’s 50 day moving average price is $4.84 and its 200 day moving average price is $4.92.

About Saipem

Saipem S.p.A., together with its subsidiaries, engages in the drilling, engineering, procurement, construction, and installation businesses worldwide. The company operates through five divisions: Offshore E&C, Onshore E&C, Offshore Drilling, Onshore Drilling, and Floaters segments. It provides engineering, procurement, project management, and construction services primarily for the oil and gas, complex civil and marine infrastructure, and environmental markets.

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Earnings History and Estimates for Saipem (OTCMKTS:SAPMF)

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