Brokerages Set Tenaris S.A. (NYSE:TS) PT at $50.45

Tenaris S.A. (NYSE:TS) has been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $50.45.

Several research analysts recently commented on TS shares. Weiss Ratings restated a “hold (c)” rating on shares of Tenaris in a report on Friday, March 27th. Piper Sandler reiterated a “neutral” rating on shares of Tenaris in a research note on Thursday, December 18th. Barclays reissued an “overweight” rating and set a $56.00 price target on shares of Tenaris in a research report on Monday, February 23rd. Wall Street Zen upgraded shares of Tenaris from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Stifel Nicolaus lifted their target price on Tenaris from $45.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, February 23rd.

Tenaris Trading Down 0.1%

Shares of Tenaris stock opened at $58.03 on Friday. The stock’s fifty day simple moving average is $52.11 and its 200 day simple moving average is $43.40. The company has a market capitalization of $31.10 billion, a PE ratio of 15.90, a PEG ratio of 2.04 and a beta of 0.81. Tenaris has a 12 month low of $30.06 and a 12 month high of $59.38.

Tenaris (NYSE:TS) last announced its earnings results on Sunday, February 15th. The industrial products company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.95 billion. Tenaris had a net margin of 16.13% and a return on equity of 11.32%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the company posted $0.94 EPS. Analysts predict that Tenaris will post 3.14 EPS for the current fiscal year.

Tenaris Announces Dividend

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

Institutional Trading of Tenaris

A number of institutional investors and hedge funds have recently made changes to their positions in TS. Advisory Services Network LLC bought a new position in shares of Tenaris in the 3rd quarter valued at $47,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Tenaris during the 4th quarter worth $48,000. Raymond James Financial Inc. bought a new stake in shares of Tenaris during the 2nd quarter worth $49,000. Farther Finance Advisors LLC boosted its stake in Tenaris by 100.6% in 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 boosted its stake in Tenaris by 57.7% in the third quarter. CWM LLC now owns 1,560 shares of the industrial products company’s stock valued at $56,000 after buying an additional 571 shares in 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.