Saipem (OTCMKTS:SAPMF) Rating Increased to Strong-Buy at Kepler Capital Markets

Saipem (OTCMKTS:SAPMF) was upgraded by research analysts at Kepler Capital Markets to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Separately, Citigroup upgraded shares of Saipem to a “strong-buy” rating in a research note on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy”.

Saipem Trading Down 3.2%

Shares of OTCMKTS SAPMF opened at $2.89 on Monday. Saipem has a 52-week low of $1.81 and a 52-week high of $3.02. The stock has a 50 day moving average price of $2.69 and a 200 day moving average price of $2.74.

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.