Media stories about Saipem (OTCMKTS:SAPMF) have been trending somewhat positive on Wednesday, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by monitoring 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 nearest to five being the most favorable. Saipem earned a news impact score of 1.11 on their scale. InfoTrie also gave media coverage about the company an news buzz score of 2 out of 10, meaning that recent news coverage is very unlikely to have an impact on the company’s share price in the immediate future.

OTCMKTS SAPMF opened at $5.30 on Wednesday. Saipem has a 1-year low of $3.87 and a 1-year high of $6.20.

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

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Saipem Company Profile

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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