Tenaris S.A. (NYSE:TS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Tenaris S.A. (NYSE:TS) have earned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $38.67.

TS has been the topic of several research reports. StockNews.com raised Tenaris from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Stifel Nicolaus decreased their target price on Tenaris from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, October 11th.

Institutional Investors Weigh In On Tenaris

Institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its stake in Tenaris by 36.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,420 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 377 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in shares of Tenaris by 3.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 19,932 shares of the industrial products company’s stock valued at $608,000 after acquiring an additional 710 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Tenaris by 4.7% in the 2nd quarter. Signaturefd LLC now owns 16,338 shares of the industrial products company’s stock valued at $499,000 after acquiring an additional 732 shares during the last quarter. Covestor Ltd bought a new position in shares of Tenaris in the 3rd quarter valued at $40,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Tenaris by 9.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 14,918 shares of the industrial products company’s stock valued at $455,000 after acquiring an additional 1,271 shares during the last quarter. 10.45% of the stock is currently owned by institutional investors.

Tenaris Stock Up 0.8 %

Shares of NYSE TS opened at $36.80 on Thursday. The business’s 50 day moving average price is $31.65 and its two-hundred day moving average price is $31.40. The company has a market cap of $21.39 billion, a PE ratio of 8.02 and a beta of 1.43. Tenaris has a twelve month low of $27.24 and a twelve month high of $40.72.

Tenaris Cuts Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 20th. Investors of record on Tuesday, November 19th will be paid a $0.54 dividend. This represents a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, November 19th. Tenaris’s dividend payout ratio (DPR) is currently 34.86%.

About Tenaris

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.