Tenaris S.A. (NYSE:TS) Receives $38.67 Consensus PT from Brokerages

Shares of Tenaris S.A. (NYSE:TS) have been given a consensus recommendation of “Hold” by the five brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $38.67.

A number of analysts have recently issued reports on the company. StockNews.com raised Tenaris from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Stifel Nicolaus lowered their price objective on Tenaris from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Finally, Piper Sandler reduced their target price on Tenaris from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, July 15th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TS. Allspring Global Investments Holdings LLC bought a new position in shares of Tenaris in the 2nd quarter worth about $32,000. Headlands Technologies LLC increased its holdings in Tenaris by 1,486.0% during the 1st quarter. Headlands Technologies LLC now owns 1,586 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 1,486 shares in the last quarter. Janiczek Wealth Management LLC increased its holdings in Tenaris by 14.8% during the 1st quarter. Janiczek Wealth Management LLC now owns 2,692 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 347 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Tenaris by 79.0% in the 2nd quarter. Blue Trust Inc. now owns 3,588 shares of the industrial products company’s stock worth $110,000 after buying an additional 1,583 shares during the last quarter. Finally, Naples Global Advisors LLC purchased a new position in shares of Tenaris in the 2nd quarter worth approximately $233,000. 10.45% of the stock is owned by institutional investors and hedge funds.

Tenaris Stock Performance

Shares of NYSE TS opened at $32.30 on Friday. The stock has a 50 day moving average price of $29.99 and a 200 day moving average price of $31.83. Tenaris has a 52 week low of $27.24 and a 52 week high of $40.72. The stock has a market capitalization of $18.78 billion, a PE ratio of 6.89 and a beta of 1.43.

Tenaris (NYSE:TS) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.38). Tenaris had a net margin of 20.41% and a return on equity of 16.12%. The business had revenue of $3.32 billion during the quarter, compared to analyst estimates of $170.13 million. During the same period in the previous year, the business earned $1.90 earnings per share. The business’s quarterly revenue was down 18.5% on a year-over-year basis. As a group, research analysts forecast that Tenaris will post 3.25 EPS for the current year.

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.