Tenaris SA (ts) To Go Ex-Dividend on November 21st
Tenaris SA (NYSE:ts) announced a dividend on Wednesday, November 9th. Investors of record on Tuesday, November 22nd will be paid a dividend of 0.26 per share on Tuesday, November 22nd. The ex-dividend date of this dividend is Monday, November 21st.
Shares of Tenaris SA (NYSE:TS) opened at 31.94 on Wednesday. The company’s 50 day moving average price is $28.93 and its 200-day moving average price is $27.70. Tenaris SA has a 12 month low of $18.53 and a 12 month high of $31.98. The stock’s market capitalization is $18.85 billion.
Tenaris SA (NYSE:TS) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. Tenaris SA had a negative return on equity of 0.21% and a negative net margin of 0.52%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the business earned ($0.30) EPS. Tenaris SA’s revenue was down 32.8% compared to the same quarter last year. Equities analysts predict that Tenaris SA will post $0.04 earnings per share for the current year.
A number of research firms have weighed in on TS. Morgan Stanley upgraded Tenaris SA from an “equal weight” rating to an “overweight” rating in a report on Monday. Berenberg Bank began coverage on Tenaris SA in a report on Tuesday, October 11th. They set a “hold” rating on the stock. Simmons upgraded Tenaris SA from a “neutral” rating to an “overweight” rating in a report on Tuesday, October 18th. Piper Jaffray Cos. upgraded Tenaris SA from a “neutral” rating to an “overweight” rating and set a $33.00 target price on the stock in a report on Tuesday, October 18th. Finally, Zacks Investment Research downgraded Tenaris SA from a “hold” rating to a “sell” rating in a report on Wednesday, October 12th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. Tenaris SA presently has a consensus rating of “Hold” and a consensus price target of $29.86.
A number of institutional investors have recently added to or reduced their stakes in TS. New York State Common Retirement Fund boosted its position in Tenaris SA by 4.6% in the third quarter. New York State Common Retirement Fund now owns 51,759 shares of the company’s stock valued at $1,470,000 after buying an additional 2,260 shares during the period. Vanguard Group Inc. boosted its position in Tenaris SA by 1.0% in the second quarter. Vanguard Group Inc. now owns 309,865 shares of the company’s stock valued at $8,937,000 after buying an additional 3,182 shares during the last quarter. Advisor Group Inc. purchased a new position in Tenaris SA during the second quarter valued at $117,000. Comerica Bank boosted its position in Tenaris SA by 12.4% in the second quarter. Comerica Bank now owns 38,102 shares of the company’s stock valued at $1,052,000 after buying an additional 4,201 shares during the last quarter. Finally, BOKF NA boosted its position in Tenaris SA by 9,446.0% in the second quarter. BOKF NA now owns 4,773 shares of the company’s stock valued at $138,000 after buying an additional 4,723 shares during the last quarter. 16.57% of the stock is currently owned by institutional investors and hedge funds.
Tenaris SA Company Profile
Tenaris SA is a holding company, which is a supplier of steel pipe products and related services for energy industry and other industrial applications. The Company operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods used in drilling operations, and for other industrial applications with production processes.
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