Saipem S.p.A.·Energy

TechnipFMC demonstrates strong margin improvement through disciplined project bidding and integrated delivery, nearing its medium-term margin targets. FTI's backlog growth is robust, particularly in subsea, with later-stage projects expected to further support margin expansion as legacy contracts roll off. But relative valuation favors Saipem, which trades at a significant discount to FTI and stands to benefit from margin recovery, backlog digestion, and Subsea 7 merger synergies.

Saipem (SAPMF) remains independent pre-merger with Subsea 7, but its valuation appears less compelling than peers like JGC Holdings despite its discount to Subsea 7. Margin expansion is notable, yet legacy poor-margin contracts still weigh on profitability, with some completing by mid-2026. So there's more boost to come to margins. Execution risks are now present, especially as 38% of backlog is Middle East–exposed and regional conflicts may delay contract signings and revenue.

Saipem (OTCMKTS:SAPMF - Get Free Report) shares reached a new 52-week high during trading on Friday. The company traded as high as $4.20 and last traded at $4.20, with a volume of 1000 shares traded. The stock had previously closed at $3.9050. Wall Street Analyst Weigh In Separately, Kepler Capital Markets upgraded Saipem to

Italian energy servicer Saipem said on Wednesday it would not be able to complete the planned acquisition of the Deep Value Driller AS' drilling unit after the seller chose another buyer.

Saipem SpA (SAPMY) Q4 2025 Earnings Call Transcript

Italian oil contractor Saipem is ready to resume activities in Venezuela after the easing of U.S. sanctions as it expects demand emerging from oil majors later this year, Chief Executive Alessandro Puliti said on Wednesday.
Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through five divisions: Offshore Engineering & Construction (E&C), Onshore Engineering & Construction, Offshore Drilling, Onshore Drilling, and XSIGHT. It offers engineering, construction, installation of platforms, pipelines, subsea fields, maintenance, modification, operation, and decommissioning activities, as well as develops marine wind farms and energy integration projects. The company also designs onshore project in the LNG and regasification, refining, petrochemical, fertilizers, pipelines, gas, oil processing stations, floaters, renewables, biotechnologies, CO2 capture, transportation, storage, and hydrogen production and transportation. In addition, the company provides procurement, project management, construction, and engineering integrated services for the energy industry markets and public infrastructures, as well as offshore and onshore drilling services on all types of rigs and in all geographical areas. As of December 31, 2021, its offshore drilling fleet consisted of twelve vessels, including six ultra-deep-water units, five high specification jack-ups, and one standard jack-ups. The company also operates 9 fabrication yards and a sea fleet of 41 vessels; and onshore drilling fleet comprised 84 units. Saipem S.p.A. is headquartered in Milan, Italy.
Energy
Oil & Gas Equipment & Services
30,000
2011-04-21
1.51