Saipem (OTCMKTS:SAPMF – Get Free Report) shares were up 6.6% on Thursday . The company traded as high as $5.50 and last traded at $5.50. Approximately 1,765 shares were traded during trading, a decline of 72% from the average daily volume of 6,324 shares. The stock had previously closed at $5.16.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Saipem to a “hold” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.
Check Out Our Latest Research Report on Saipem
Saipem Stock Performance
About Saipem
Saipem is a leading global engineering and construction company specializing in upstream, midstream and downstream projects for the oil and gas industry. The company offers a full suite of services including engineering, procurement, construction and installation (EPCI) for onshore and offshore facilities, as well as specialized drilling services. Its expertise spans the development of floating production units, subsea pipelines, and complex petrochemical plants, catering to major energy producers and national oil companies around the world.
In addition to its core oil and gas portfolio, Saipem has expanded into renewable energy and infrastructure markets, leveraging its engineering capabilities in areas such as offshore wind, hydrogen, and carbon capture and storage.
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