Shares in Italy's Saipem resume trading after suspension, down 4.8%

Shares in Italy's Saipem resumed trading on June 16, 2026, with the stock down 4.8% following a brief suspension. The decline comes amid ongoing market volatility and sector-specific pressures affecting energy services firms. Over the past year, Saipem has delivered a 30.8% return, but the stock has faced a 14.5% drop since the beginning of 2026, reflecting broader industry challenges and shifting investor sentiment.

The company has undergone two reverse stock splits in 2022 to address capital structure issues stemming from operating losses and to align with shareholder resolutions. The first, on May 23, 2022, consolidated shares at a ratio of 21 new shares for every 100 existing shares, while a second on June 13, 2022, further reduced the number of outstanding shares at a 1-to-10 ratio. These actions were designed to stabilize the share price and simplify future capital management without altering the company’s overall market value.

Analysts using a discounted cash flow model estimate Saipem’s intrinsic value at €4.61 per share, suggesting the stock is currently trading at a 50.6% discount to its fair value. Despite recent declines, the company remains a subject of interest for investors evaluating its long-term potential in the energy services sector.