SAIPEM S P A/ADR (SAPMY) Earning Somewhat Positive Press Coverage, Analysis Finds
Press coverage about SAIPEM S P A/ADR (OTCMKTS:SAPMY) has been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by monitoring 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 closest to five being the most favorable. SAIPEM S P A/ADR earned a coverage optimism score of 1.11 on their scale. InfoTrie also gave press 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.
A number of equities research analysts have issued reports on the company. Barclays upgraded SAIPEM S P A/ADR to a “buy” rating in a research note on Tuesday, August 14th. Jefferies Financial Group upgraded shares of SAIPEM S P A/ADR to a “hold” rating in a research note on Thursday, August 16th.
SAIPEM S P A/ADR stock traded up $0.08 during midday trading on Wednesday, hitting $9.65. The company’s stock had a trading volume of 2,714 shares, compared to its average volume of 15,219. SAIPEM S P A/ADR has a 12 month low of $7.56 and a 12 month high of $12.81.
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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