Tenaris S.A. (NYSE:TS) Receives $46.00 Average PT from Analysts

Shares of Tenaris S.A. (NYSE:TS) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $46.00.

TS has been the subject of several recent analyst reports. Kepler Capital Markets cut Tenaris from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Jefferies Financial Group raised Tenaris from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $35.00 to $47.00 in a report on Monday, December 9th. Bank of America lowered Tenaris from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 29th. Piper Sandler lifted their price objective on Tenaris from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Finally, Stifel Nicolaus lifted their price objective on Tenaris from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, February 21st.

Institutional Trading of Tenaris

Several hedge funds have recently bought and sold shares of the stock. Exencial Wealth Advisors LLC lifted its position in shares of Tenaris by 0.5% in the fourth quarter. Exencial Wealth Advisors LLC now owns 50,404 shares of the industrial products company’s stock valued at $1,905,000 after acquiring an additional 270 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its position in shares of Tenaris by 0.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 97,796 shares of the industrial products company’s stock valued at $3,696,000 after acquiring an additional 386 shares in the last quarter. Signaturefd LLC lifted its position in shares of Tenaris by 2.3% in the fourth quarter. Signaturefd LLC now owns 18,647 shares of the industrial products company’s stock valued at $705,000 after acquiring an additional 418 shares in the last quarter. Covestor Ltd lifted its position in shares of Tenaris by 37.2% in the fourth quarter. Covestor Ltd now owns 1,729 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 469 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Tenaris by 78.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 478 shares in the last quarter. Institutional investors own 10.45% of the company’s stock.

Tenaris Price Performance

TS stock opened at $39.36 on Wednesday. Tenaris has a 1-year low of $27.24 and a 1-year high of $40.73. The business has a fifty day moving average price of $38.27 and a 200-day moving average price of $35.80. The stock has a market capitalization of $22.88 billion, a P/E ratio of 10.90 and a beta of 1.43.

Tenaris (NYSE:TS) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.31. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.71 billion. As a group, analysts anticipate that Tenaris will post 3.14 earnings per share for the current year.

Tenaris Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.56 per share. The ex-dividend date is Tuesday, May 20th. This is a positive change from Tenaris’s previous semi-annual dividend of $0.54. Tenaris’s payout ratio is currently 31.02%.

Tenaris Company Profile

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.