Saipem SpA
SPM: XMIL (ITA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€9.80 | Mvwy | Tsyrlwbm |
Saipem's Third-Quarter Results Driven by Accelerating Investment in Offshore Oil and Gas Production
Saipem posted solid results in its third quarter as investment in offshore oil and gas production gains momentum around the world. We’re slightly raising our fair value estimate to EUR 2 per share following the results. Our no-moat rating, stable moat trend rating, and Morningstar Uncertainty Rating of Very High are unchanged.