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Zacks Investment Research upgraded SAIPEM NPV(POST CONS) (NASDAQ:SAPMF) to Hold in a report released today.

Zacks Investment Research has upgraded SAIPEM NPV(POST CONS) (NASDAQ:SAPMF) to Hold in a statement released on 6/08/2017.

Having a price of $4.49, SAIPEM NPV(POST CONS) (NASDAQ:SAPMF) traded 15.36% higher on the day. With the last close up 60.36% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same time period. SAPMF has recorded a 50-day moving average of $3.96 and a two hundred day average of $2.67. Volume of trade was down over the average, with 0 shares of SAPMF changing hands under the typical 126

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With a market cap of $0, SAIPEM NPV(POST CONS) has 52 week low of $0.40 and a one year high of $4.49 .


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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