Saipem (SAPMF) Getting Somewhat Positive Media Coverage, Analysis Shows

Headlines about Saipem (OTCMKTS:SAPMF) have been trending somewhat positive this week, according to InfoTrie. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Saipem earned a news sentiment score of 0.83 on their scale. InfoTrie also gave media headlines about the company an news buzz score of 1 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company’s share price in the next few days.

Shares of SAPMF stock opened at $4.16 on Friday. Saipem has a twelve month low of $3.87 and a twelve month high of $6.20.

Several equities research analysts have issued reports on SAPMF shares. Citigroup downgraded shares of Saipem from a “buy” rating to a “neutral” rating in a research note on Thursday, October 4th. ValuEngine upgraded shares of Saipem from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Zacks Investment Research downgraded shares of Saipem from a “hold” rating to a “sell” rating in a research note on Wednesday, August 22nd. Jefferies Financial Group upgraded shares of Saipem from an “underperform” rating to a “hold” rating in a research note on Thursday, August 16th. Finally, Barclays upgraded shares of Saipem from an “underweight” rating to an “overweight” rating in a research note on Tuesday, August 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Saipem presently has a consensus rating of “Hold”.

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About Saipem

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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