Media coverage about Saipem (OTCMKTS:SAPMF) has trended somewhat positive on Sunday, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by monitoring more than 6,000 blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Saipem earned a media sentiment score of 0.83 on their scale. InfoTrie also assigned news coverage about the company an news buzz score of 1 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.
Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Saipem from a “sell” rating to a “hold” rating in a research report on Thursday, August 16th. Citigroup cut shares of Saipem from a “buy” rating to a “neutral” rating in a research report on Thursday, October 4th. Jefferies Financial Group upgraded shares of Saipem from an “underperform” rating to a “hold” rating in a research report on Thursday, August 16th. Barclays upgraded shares of Saipem from an “underweight” rating to an “overweight” rating in a research report on Tuesday, August 14th. Finally, ValuEngine upgraded shares of Saipem from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Saipem currently has a consensus rating of “Hold”.
Saipem stock opened at $4.16 on Friday. Saipem has a 1-year low of $3.87 and a 1-year high of $6.20.
Saipem S.p.A., together with its subsidiaries, engages in the drilling, engineering, procurement, construction, and installation businesses worldwide. The company operates through five divisions: Offshore E&C, Onshore E&C, Offshore Drilling, Onshore Drilling, and Floaters segments. It provides engineering, procurement, project management, and construction services primarily for the oil and gas, complex civil and marine infrastructure, and environmental markets.
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