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

Tenaris S.A. (NYSE:TS) has been assigned a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $50.45.

Several analysts have weighed in on TS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tenaris in a research note on Monday, December 29th. Oddo Bhf raised Tenaris to an “outperform” rating in a report on Thursday, February 5th. Piper Sandler restated a “neutral” rating on shares of Tenaris in a research note on Thursday, December 18th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $49.70 target price on shares of Tenaris in a research report on Monday, February 23rd. Finally, Wall Street Zen cut shares of Tenaris from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th.

Institutional Investors Weigh In On Tenaris

A number of institutional investors have recently added to or reduced their stakes in TS. Advisory Services Network LLC bought a new position in Tenaris during the 3rd quarter valued at $47,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Tenaris in the fourth quarter valued at $48,000. Raymond James Financial Inc. bought a new position in Tenaris during the second quarter valued at about $49,000. Farther Finance Advisors LLC boosted its stake 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 buying an additional 725 shares in the last quarter. Finally, CWM LLC grew its holdings in Tenaris by 57.7% during the third quarter. CWM LLC now owns 1,560 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 571 shares during the period. 10.45% of the stock is currently owned by institutional investors and hedge funds.

Tenaris Stock Down 3.0%

Tenaris stock opened at $52.96 on Wednesday. Tenaris has a 52-week low of $30.06 and a 52-week high of $55.02. The firm has a market capitalization of $30.79 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.94 and a beta of 0.87. The firm has a 50-day moving average price of $45.17 and a two-hundred day moving average price of $40.23.

Tenaris (NYSE:TS) last released its quarterly earnings results on Thursday, February 19th. The industrial products company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Tenaris had a return on equity of 11.32% and a net margin of 16.13%.The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. Research analysts expect that Tenaris will post 3.14 earnings per share for the current year.

Tenaris Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, May 20th. Investors of record on Tuesday, May 19th will be paid a dividend of $1.20 per share. This represents a dividend yield of 450.0%. The ex-dividend date is Tuesday, May 19th. Tenaris’s dividend payout ratio (DPR) is currently 31.78%.

About Tenaris

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.