Somewhat Favorable Media Coverage Unlikely to Impact Saipem (SAPMF) Stock Price
News headlines about Saipem (OTCMKTS:SAPMF) have been trending somewhat positive on Sunday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than 6,000 blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Saipem earned a daily sentiment score of 1.22 on their scale. InfoTrie also assigned news articles about the company an news buzz score of 3 out of 10, indicating that recent press coverage is unlikely to have an effect on the stock’s share price in the next few days.
Shares of SAPMF remained flat at $$5.30 during midday trading on Friday. Saipem has a twelve month low of $3.87 and a twelve month high of $6.20.
Several analysts have issued reports on SAPMF shares. Barclays raised Saipem from an “underweight” rating to an “overweight” rating in a research report on Tuesday, August 14th. Jefferies Financial Group raised Saipem from an “underperform” rating to a “hold” rating in a research report on Thursday, August 16th. ValuEngine raised Saipem from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Zacks Investment Research lowered Saipem from a “hold” rating to a “sell” rating in a report on Wednesday, August 22nd. Finally, Citigroup lowered Saipem from a “buy” rating to a “neutral” rating in a report on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Saipem presently has an average 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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