Tenaris S.A. (NYSE:TS) Given Average Rating of “Hold” by Analysts

Shares of Tenaris S.A. (NYSE:TS) have been given a consensus rating of “Hold” by the five research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $38.67.

Several equities research analysts recently weighed in on TS shares. Stifel Nicolaus decreased their price objective on Tenaris from $37.00 to $36.00 and set a “buy” rating for the company in a report on Friday, October 11th. StockNews.com cut shares of Tenaris from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Piper Sandler reduced their price objective on shares of Tenaris from $43.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, July 15th.

Institutional Trading of Tenaris

Several institutional investors and hedge funds have recently bought and sold shares of the company. Janiczek Wealth Management LLC boosted its position in shares of Tenaris by 14.8% during the 1st quarter. Janiczek Wealth Management LLC now owns 2,692 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 347 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position 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 valued at $45,000 after purchasing an additional 377 shares during the last quarter. Evergreen Capital Management LLC grew its stake in Tenaris by 3.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 19,932 shares of the industrial products company’s stock worth $608,000 after buying an additional 710 shares in the last quarter. Signaturefd LLC increased its holdings 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 worth $499,000 after buying an additional 732 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in shares of Tenaris by 10.3% during the 1st quarter. Ballentine Partners LLC now owns 8,923 shares of the industrial products company’s stock valued at $350,000 after buying an additional 834 shares in the last quarter. 10.45% of the stock is currently owned by hedge funds and other institutional investors.

Tenaris Stock Up 2.5 %

TS opened at $32.16 on Friday. Tenaris has a twelve month low of $27.24 and a twelve month high of $40.72. The company’s 50-day moving average price is $30.20 and its two-hundred day moving average price is $31.77. The stock has a market cap of $18.70 billion, a price-to-earnings ratio of 6.86 and a beta of 1.43.

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