Tenaris (NYSE:TS) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Tenaris S.A. (NYSE:TS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $37.31 and traded as high as $38.54. Tenaris shares last traded at $38.3340, with a volume of 448,446 shares trading hands.

Analyst Ratings Changes

TS has been the subject of several recent research reports. Stifel Nicolaus lifted their target price on shares of Tenaris from $37.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. The Goldman Sachs Group began coverage on Tenaris in a research report on Monday, December 15th. They issued a “neutral” rating and a $43.60 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Tenaris in a research note on Monday. BNP Paribas Exane reiterated a “neutral” rating on shares of Tenaris in a research report on Friday, October 10th. Finally, Piper Sandler reiterated a “neutral” rating on shares of Tenaris in a research note on Thursday, December 18th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.32.

Tenaris Stock Up 0.0%

The business has a 50 day moving average price of $39.40 and a 200 day moving average price of $37.31. The stock has a market cap of $22.29 billion, a P/E ratio of 10.30 and a beta of 0.95.

Tenaris (NYSE:TS) last issued its earnings results on Thursday, October 30th. The industrial products company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.10. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.85 billion. Tenaris had a net margin of 16.91% and a return on equity of 11.72%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 EPS. On average, research analysts expect that Tenaris S.A. will post 3.14 earnings per share for the current fiscal year.

Tenaris Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 25th were paid a $0.58 dividend. This represents a yield of 291.0%. The ex-dividend date was Tuesday, November 25th. Tenaris’s payout ratio is 31.18%.

Institutional Investors Weigh In On Tenaris

Several institutional investors have recently added to or reduced their stakes in the business. MGO One Seven LLC raised its position in shares of Tenaris by 5.4% in the 2nd quarter. MGO One Seven LLC now owns 5,940 shares of the industrial products company’s stock valued at $222,000 after purchasing an additional 302 shares during the last quarter. Rhumbline Advisers increased its stake in Tenaris by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 8,387 shares of the industrial products company’s stock valued at $314,000 after purchasing an additional 338 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Tenaris by 10.6% in the first quarter. Russell Investments Group Ltd. now owns 3,636 shares of the industrial products company’s stock worth $142,000 after buying an additional 347 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Tenaris by 2.1% during the third quarter. JPMorgan Chase & Co. now owns 17,229 shares of the industrial products company’s stock worth $616,000 after buying an additional 352 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Tenaris by 48.8% during the second quarter. Blue Trust Inc. now owns 1,088 shares of the industrial products company’s stock valued at $41,000 after buying an additional 357 shares during the last quarter. Institutional investors and hedge funds own 10.45% of the company’s stock.

Tenaris Company Profile

Tenaris SA is a global manufacturer and supplier of steel tubular products and related services, primarily serving the oil and gas industry as well as other energy and industrial markets. Its product portfolio centers on seamless and welded steel pipes used for casing, tubing and line pipe applications, alongside a range of specialty and mechanical steel tubes. The company also provides value‑added technical solutions, including premium connections, heat treatment and surface protection, to support drilling, completion and production activities.

Tenaris operates an integrated industrial and commercial network that combines manufacturing, distribution and field services.