Saipem (OTCMKTS:SAPMF - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $4.30, but opened at $4.5388. Saipem shares last traded at $4.5388, with a volume of 500 shares.
Analysts Set New Price Targets
Separately, Kepler Capital Markets upgraded shares of Saipem to a "strong-buy" rating in a research report on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".
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Saipem Stock Up 6.0%
The company has a 50 day moving average price of $3.81 and a 200-day moving average price of $3.14.
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.
Further Reading
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