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Enter Symbol:
 
Saipem SpA(ADR) (SAPMY) [hlAlert]

Rating:
Outperform
SAPMY
3 Months Gains
down 35.65 %

Saipem SpA(ADR) (SAPMY) rated Outperform by Raymond James

Posted on: Friday,  May 8, 2015  10:25 AM ET by Raymond James

Saipem SpA(ADR) (OTCBB:
SAPMY) rated Outperform by Raymond James.

Saipem SpA is an Italy-based company active as contractor in the oil and gas industry in remote areas and deepwater. It supplies engineering, procurement, project management and construction services with the design and the execution of large-scale offshore and onshore projects. The Company is organized into two business units: engineering & construction and drilling. The Company provides Engineering Procurement and Consulting/ Engineering Procurement and Consulting Installation EPC/EPCI services to the oil industry both onshore and offshore. Saipem is a global contractor, with presence in emerging areas, such as West Africa, North Africa, Central Asia, Middle East, and South East Asia. Among its direct and indirect subsidiaries there are: Servizi Energia Italia SpA, Andromeda Consultoria Tecnica e Rapresentacoes Ltda, BOS Investment Ltd, Construction Saipem Canada Inc and Ersai Caspian Contractor Llc.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/8/2015 10:25 AM Buy
None
6.90
as of 8/27/2015
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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