Analysts Set Tenaris S.A. (NYSE:TS) PT at $60.12

Shares of Tenaris S.A. (NYSE:TS) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $60.1167.

TS has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Tenaris from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 25th. Wall Street Zen lowered Tenaris from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Morgan Stanley reissued an “underweight” rating and issued a $53.00 target price on shares of Tenaris in a research report on Thursday, May 14th. Barclays boosted their target price on Tenaris to $82.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, TD Cowen reiterated a “buy” rating on shares of Tenaris in a research note on Wednesday, March 18th.

Tenaris Trading Up 1.2%

Shares of NYSE:TS traded up $0.66 during midday trading on Tuesday, reaching $55.58. The company had a trading volume of 929,990 shares, compared to its average volume of 1,033,869. The stock has a market cap of $29.79 billion, a P/E ratio of 14.70, a P/E/G ratio of 1.35 and a beta of 0.84. The company’s 50 day moving average price is $59.78 and its 200 day moving average price is $53.79. Tenaris has a 52-week low of $33.65 and a 52-week high of $64.60.

Tenaris (NYSE:TS) last posted its quarterly earnings data on Thursday, May 7th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.20. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $2.99 billion. Tenaris had a net margin of 16.17% and a return on equity of 11.53%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 earnings per share. Research analysts forecast that Tenaris will post 3.67 EPS for the current fiscal year.

Institutional Trading of Tenaris

A number of institutional investors have recently modified their holdings of TS. Hennion & Walsh Asset Management Inc. boosted its stake in Tenaris by 1.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 24,383 shares of the industrial products company’s stock worth $1,353,000 after buying an additional 341 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Tenaris by 24.4% during the second quarter. GAMMA Investing LLC now owns 2,713 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 533 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Tenaris by 6.3% in the 2nd quarter. Versant Capital Management Inc now owns 5,580 shares of the industrial products company’s stock worth $310,000 after acquiring an additional 332 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Tenaris by 35.6% in the 1st quarter. Parallel Advisors LLC now owns 4,971 shares of the industrial products company’s stock valued at $289,000 after purchasing an additional 1,306 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Tenaris by 28.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,100 shares of the industrial products company’s stock valued at $297,000 after purchasing an additional 1,142 shares in the last quarter. 10.45% of the stock is currently owned by hedge funds and other institutional investors.

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.