Snam is engaged in the construction and integrated management of natural gas infrastructure. It manages the gas systems, develops infrastructure and provides integrated services for the market. Co. is also engaged in natural gas transportation, storage, regasification and urban distribution. Co. manages a national transportation network, including eight storage facilities, one regasification plant and a local distribution network.
  • TickerSRG
  • ISINIT0003153415
  • SectorOil Equipment, Services & Distribution
  • CountryItaly

Analysts

Expert Corporate Governance Service (ECGS)

Snam, April 02nd, 2019

In item 8, the AGM is called to appoint the Board of Directors on slates of nominees  submitted by shareholders holding, even jointly, at least 1.0% of Snam's share capital.  Two slates of nominees have been submitted, by CDP Reti (30.4%) and a group of institutional investors (2.1%). One of the institutional investors that submitted the slate of nominees is Generali  Investments, which is a client of ECGS partners Proxinvest and Frontis Governance. It is important to note that these partners do not provide consulting services to Generali.  Voting advice is provided primarily as a source of i...

Snam – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Emanuele Oggioni

SNAM - Sound FY18 as expected thanks to good cost control

Emanuele Oggioni

SNAM - Sound results expected, due to good cost control

SNAM SPA sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of SNAM SPA (IT), a company active in the Gas Distribution industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 29, 2019, the closing price was EUR 4.19 and its potential was estimated at EUR 4.40.

Moody's assigns Prime-2 short-term rating to SNAM's ECP programme

Moody's Investors Service ("Moody's") has today assigned a Prime-2 (P-2) short term rating to the new E1 billion Euro Commercial Paper Programme (ECP Programme) of SNAM S.p.A. ("SNAM"). The P-2 rating is consistent with SNAM's existing Baa2 long-term issuer and senior un...

SNAM S.p.A.: Update following downgrade and outlook change to stable

A detailed rationale for the key drivers of SNAM's credit profile following the downgrade to Baa2 with stable outlook.

SNAM S.p.A.: Update following review for downgrade

A detailed rationale for the key drivers of SNAM's credit profile following the ongoing review for downgrade.

SNAM S.p.A., Enagas S.A.: Acquisition of DESFA stake aligned with SNAM's and Enagas's strategies; limited leverage impact

SNAM and Enagas add stake in Greek TSO to portfolio of non-core holdings.

SNAM S.p.A.: Semi-annual update

INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 22 September 2017 Update RATINGS SNAM S.p.A. Domicile Italy Long Term Rating Baa1 Type LT Issuer Rating - Dom Curr Outlook Negative Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Niel Bisset 44-20-7772-5344

Emanuele Oggioni

SNAM - Sound FY18 as expected thanks to good cost control

Emanuele Oggioni

SNAM - Sound results expected, due to good cost control

Snam S.p.A.

Snam S.p.A.

Snam S.p.A.

SNAM SPA sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of SNAM SPA (IT), a company active in the Gas Distribution industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 29, 2019, the closing price was EUR 4.19 and its potential was estimated at EUR 4.40.

Snam S.p.A.

Snam S.p.A.

Snam S.p.A.

Snam S.p.A.

Snam S.p.A. (SRG) - Oil & Gas - Deals and Alliances Profile

Summary Snam S.p.A. (Snam) is an integrated midstream energy company. The company, through its subsidiaries, carries out the regasification, transportation, storage and supply of natural gas. Snam Rete Gas, its subsidiary, transports natural gas; GNL Italia conducts regasification; and Stogit stores natural gas. It procures natural gas through import, and injects it into the national gas network through entry points in pipelines used for import from Russia, Northern Europe and North Africa. Snam operates through associate companies in Austria, France, and the UK. Snam is headquartered in San ...

Expert Corporate Governance Service (ECGS)

Snam, April 02nd, 2019

In item 8, the AGM is called to appoint the Board of Directors on slates of nominees  submitted by shareholders holding, even jointly, at least 1.0% of Snam's share capital.  Two slates of nominees have been submitted, by CDP Reti (30.4%) and a group of institutional investors (2.1%). One of the institutional investors that submitted the slate of nominees is Generali  Investments, which is a client of ECGS partners Proxinvest and Frontis Governance. It is important to note that these partners do not provide consulting services to Generali.  Voting advice is provided primarily as a source of i...

Snam – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jérôme VINERIER

Analyse court terme - SNAM RETE GAS : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 3,869 €. La rupture du support à 3,340 € invaliderait cette tendance.

Jérôme VINERIER

Short term view - SNAM RETE GAS : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €3.869. Breaking below the support at €3.340 would invalidate the trend.

Jérôme VINERIER

Analyse court terme - SNAM RETE GAS : Les cours progressent encore.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 3,869 €. La rupture du support à 3,340 € invaliderait cette tendance.

Jérôme VINERIER

Short term view - SNAM RETE GAS : Prices are still making progress

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €3.869. Breaking below the support at €3.340 would invalidate the trend.

Jérôme VINERIER

Short term view - SNAM RETE GAS : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress. The following targets are at €3.869 and €4.077. The trend would be invalidated below the support at €3.340.

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