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Goldman Sachs downgraded Saipem SpA (OTC:SAPMD) from Buy to Neutral in a report released today.

Boasting a price of $0.00, Saipem SpA (OTC:SAPMD) traded 0.00% even on the day. The last stock price is down -14.31% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. The company has recorded a 50-day moving average of $7.87 and a 200-day moving average of $8.94. 0 shares of the stock were exchanged, down from an average trading volume of 128

Goldman Sachs has downgraded Saipem SpA (OTC:SAPMD) from Buy to Neutral in a report released on 10/11/2017. They are also indicating a possible upside of 0%.

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Saipem SpA (OTC:SAPMD)

Saipem SpA has a 52 week low of $4.80 and a 52 week high of $85.60 The company’s market cap is currently $0.

General Information About Saipem SpA (OTC:SAPMD)

Saipem S.p.A., together with its subsidiaries, engages in the engineering, construction, procurement, and drilling businesses worldwide. It offers engineering, procurement, project management, construction, and drilling services primarily for the oil and gas, complex civil and marine infrastructure, and environmental markets. The company offers offshore engineering and construction products and services, including platforms, pipelines, subsea field developments, and MMO activities; and designs and constructs hydrocarbon production facilities, hydrocarbon treatment facilities, and large onshore treatment and transportation systems and facilities. It also provides offshore and onshore drilling services in deep water, in frontier, and remote areas and environment for oil and gas industries, national companies, and independent operators; floating facilities, including floating production storage units, floating LNG units, and floating production units; and drilling facilities, such as semi-submersibles, tension leg platforms, and dry tree units. In addition, it engages in the fabrication and integration, offshore hook-up and commissioning, and operation and maintenance of floating units. Further, it offers technologies for the gas monetization and heavy oil exploitation. As of December 31, 2016, the companyÂ’s offshore drilling fleet consisted of 14 vessels, including 7 deep-water units, 2 high specification jack-ups, 4 standard jack-ups, and 1 barge tender rig; and onshore drilling rig fleet comprised 100 units. The company is headquartered in Milan, Italy.

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