Tenaris SA (TS) Stock Price Down 2.5%
Tenaris SA (NYSE:TS) traded down 2.5% during mid-day trading on Tuesday . The stock traded as low as $25.71 and last traded at $25.74, with a volume of 2,210,144 shares traded. The stock had previously closed at $26.39.
Several equities research analysts have recently issued reports on the stock. Raymond James Financial Inc. reissued a “hold” rating on shares of Tenaris SA in a research note on Thursday, June 23rd. Zacks Investment Research lowered shares of Tenaris SA from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Finally, Goldman Sachs Group Inc. lowered shares of Tenaris SA from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 20th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Tenaris SA currently has a consensus rating of “Hold” and a consensus price target of $29.33.
The firm’s 50-day moving average price is $27.57 and its 200 day moving average price is $26.66. The company’s market cap is $15.05 billion.
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Tenaris SA (NYSE:TS) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. The business’s revenue for the quarter was down 40.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. On average, equities research analysts anticipate that Tenaris SA will post ($0.41) earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new position in Tenaris SA during the first quarter worth approximately $3,083,000. HBK Investments L P acquired a new position in Tenaris SA during the first quarter worth approximately $2,169,000. Wellington Management Group LLP raised its position in Tenaris SA by 7.7% in the first quarter. Wellington Management Group LLP now owns 2,982,282 shares of the company’s stock worth $73,841,000 after buying an additional 213,755 shares in the last quarter. OLD Mission Capital LLC raised its position in Tenaris SA by 8.1% in the first quarter. OLD Mission Capital LLC now owns 380,300 shares of the company’s stock worth $9,416,000 after buying an additional 28,515 shares in the last quarter. Finally, Kiltearn Partners LLP raised its position in Tenaris SA by 17.1% in the first quarter. Kiltearn Partners LLP now owns 4,281,500 shares of the company’s stock worth $106,010,000 after buying an additional 625,600 shares in the last quarter.
Tenaris SA Company Profile
Tenaris SA is a holding company, which is a supplier of steel pipe products and related services for energy industry and other industrial applications. The Company operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods used in drilling operations, and for other industrial applications with production processes.
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