Saipem (OTCMKTS:SAPMF - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $4.6476 and last traded at $4.6476, with a volume of 3184 shares traded. The stock had previously closed at $4.56.
Wall Street Analysts Forecast Growth
Separately, Kepler Capital Markets upgraded shares of Saipem to a "strong-buy" rating in a report on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy".
Check Out Our Latest Report on SAPMF
Saipem Price Performance
The company's fifty day simple moving average is $3.94 and its 200 day simple moving average is $3.20.
About Saipem
(
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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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