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

Tenaris S.A. (NYSE:TS) has been assigned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $42.32.

Several equities research analysts recently commented on TS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tenaris in a research report on Monday, December 29th. Morgan Stanley set a $36.00 price target on Tenaris in a research note on Monday, December 15th. The Goldman Sachs Group initiated coverage on Tenaris in a research report on Monday, December 15th. They set a “neutral” rating and a $43.60 price objective for the company. Wall Street Zen lowered Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, BNP Paribas Exane restated a “neutral” rating on shares of Tenaris in a research note on Friday, October 10th.

Tenaris Stock Performance

Shares of TS opened at $40.42 on Tuesday. The stock has a 50 day simple moving average of $39.88 and a 200 day simple moving average of $37.59. Tenaris has a 52-week low of $30.06 and a 52-week high of $41.76. The firm has a market capitalization of $23.50 billion, a PE ratio of 10.87 and a beta of 0.96.

Tenaris (NYSE:TS) last announced its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.10. The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.85 billion. Tenaris had a net margin of 16.91% and a return on equity of 11.72%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Equities research analysts predict that Tenaris will post 3.14 EPS for the current fiscal year.

Tenaris Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC bought a new stake in Tenaris during the 2nd quarter worth about $28,000. Blue Trust Inc. increased its position in shares of Tenaris by 48.8% in the second quarter. Blue Trust Inc. now owns 1,088 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 357 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Tenaris in the third quarter valued at about $47,000. Raymond James Financial Inc. bought a new stake in Tenaris during the second quarter worth about $49,000. Finally, Farther Finance Advisors LLC boosted its position in Tenaris by 100.6% during the third quarter. Farther Finance Advisors LLC now owns 1,446 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 725 shares during the last quarter. Institutional investors 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.