Media stories about Saipem (OTCMKTS:SAPMF) have been trending somewhat positive recently, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Saipem earned a media sentiment score of 1.13 on their scale. InfoTrie also assigned news articles about the company an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the next few days.
Shares of SAPMF stock opened at $4.16 on Thursday. Saipem has a one year low of $3.87 and a one year high of $6.20.
SAPMF has been the topic of several recent research reports. ValuEngine upgraded shares of Saipem from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Barclays upgraded shares of Saipem from an “underweight” rating to an “overweight” rating in a research report on Tuesday, August 14th. Zacks Investment Research downgraded shares of Saipem from a “hold” rating to a “sell” rating in a research report on Wednesday, August 22nd. Jefferies Financial Group upgraded shares of Saipem from an “underperform” rating to a “hold” rating in a research report on Thursday, August 16th. Finally, Citigroup downgraded shares of Saipem from a “buy” rating to a “neutral” rating in a research report on Thursday, October 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold”.
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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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