Saras S.p.A.

Equities

SRS

IT0000433307

Oil & Gas Refining and Marketing

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-06-21 EDT			5-day change	1st Jan Change
1.62 ^EUR	-0.18%		-0.25%	+0.25%

06-20	Futures bullish; PPI Germany in deflation	AN
06-19	Indices weak without New York; banks still up	AN

Crude oil from Kurdistan case, Saras managers acquitted

June 11, 2024 at 12:36 pm

(Alliance News) - In connection with the court case concerning the purchase of crude oil from Kurdistan in 2015-2016, Saras Spa announced Tuesday that the Cagliari Court of Appeals upheld the ruling of the Preliminary Hearing Judge.

The Preliminary Hearing Judge had declared that there was no need to proceed, because the fact did not exist, against the company's managers Franco Balsamo, Marco Schiavetti and Luca Cozzolino and former CEO Dario Scaffardi.

Saras shares closed Tuesday down 0.8 percent at EUR1.63 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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Latest news about Saras S.p.A.

Futures bullish; PPI Germany in deflation	06-20	AN
Indices weak without New York; banks still up	06-19	AN
Vitol Completes Acquisition of Moratti Family’s Stake in Saras Group	06-18	MT
Vitol launches takeover bid for Saras at EUR1.60 per share	06-18	AN
Saras, Vitol takes over Moratti family stakes; board renewed	06-18	AN
Vitol Group completed the acquisition of 35.019% stake in Saras S.p.A. (BIT : SRS) from Angel Capital Management S.p.a., Massimo Moratti Societa In Accomandita Per Azionidi Massimo Moratti and Stella Holding Spa.	06-17	CI
Futures up; retail sales increase in China	06-17	AN
More selling in Europe; down banks and industrials	06-14	AN
Vitol closer to taking over 35 percent of Saras, then will launch takeover bid	06-13	AN
Crude oil from Kurdistan case, Saras managers acquitted	06-11	AN
Indices down; Leonardo and Tenaris save themselves on the Mib.	06-10	AN
Futures down after European elections	06-10	AN
Indices down; Leonardo tops the Mib	06-07	AN
European Commission Approves Vitol's Saras Acquisition	06-07	MT
Mib brakes; good Intercos on mid-cap	06-07	AN
Mib slightly down; Tenaris is best performer	06-07	AN
Vitol Obtains European Commission Clearance for Saras Stake Purchase	06-07	MT
Vitol, EC green light to acquire controlling stake in Saras	06-07	AN
EU might crown Qatar LNG over the US under the recently-enacted methane regulation	05-29
SARAS : Q1: Margin revival sets the stage for a refining profit upturn ahead	05-16
Transcript : Saras S.p.A., Q1 2024 Earnings Call, May 14, 2024	05-14
Saras, profit plummets in first quarter; production stable	05-14	AN
Saras S.p.A. Reports Earnings Results for the First Quarter Ended March 31, 2024	05-13	CI
Stock markets expected in green ahead of GDP and inflation	04-30	AN
Stock markets mixed, eyes on Middle East and Fed	04-29	AN

Chart Saras S.p.A.

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Company Profile

Saras SpA is an Italy-based company active in the energy sector. The Company operates refineries in Europe. The Company's activities are divided into five segments. The Refining segment refines crude oil into petroleum products at Sarroch refinery. The Marketing segmentâs activities focus on the wholesale of oil products aimed at smaller-sized customers, off-network customers and oil companies, as well as third-party operators and the Company-owned service stations, supermarkets and resellers. The Power Generation segment, through Sarlux Srl, focuses on the sale of electricity located within industrial complex in Sarroch. The Wind segment, through Sardeolica Srl, encompasses the production of electricity from renewable sources at the Ulassai wind farm. The Other segment includes environmental protection, measurement system, industrial efficiency and energy saving services.

Sector

Oil & Gas Refining and Marketing

Calendar

2024-07-30 - Q2 2024 Earnings Call

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Income Statement Evolution

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Analysis / Opinion

SARAS : Q1: Margin revival sets the stage for a refining profit upturn ahead

May 16, 2024 at 12:04 pm

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Ratings for Saras S.p.A.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

1.62 EUR

Average target price

1.7 EUR

Spread / Average Target

+4.94%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Petroleum Refining

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Petroleum Refining