Tenaris SA (NYSE:TS) declared a dividend on Thursday, November 3rd. Investors of record on Tuesday, November 22nd will be paid a dividend of 0.26 per share on Wednesday, November 23rd. The ex-dividend date of this dividend is Monday, November 21st.

Tenaris SA (NYSE:TS) opened at 30.60 on Friday. Tenaris SA has a 12 month low of $18.53 and a 12 month high of $31.49. The company has a 50 day moving average price of $28.59 and a 200 day moving average price of $27.63. The stock’s market capitalization is $18.06 billion.

Tenaris SA (NYSE:TS) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Tenaris SA had a negative net margin of 0.52% and a negative return on equity of 0.21%. The firm’s quarterly revenue was down 32.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.30) earnings per share. Equities research analysts predict that Tenaris SA will post $0.04 earnings per share for the current year.

Dividend History for Tenaris SA (NYSE:TS)

Institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. raised its stake in Tenaris SA by 16.9% in the third quarter. D.A. Davidson & CO. now owns 12,975 shares of the company’s stock valued at $367,000 after buying an additional 1,879 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in Tenaris SA by 47.9% in the third quarter. D. E. Shaw & Co. Inc. now owns 156,029 shares of the company’s stock valued at $4,431,000 after buying an additional 50,557 shares during the last quarter. Morgan Stanley raised its stake in Tenaris SA by 29.6% in the third quarter. Morgan Stanley now owns 71,428 shares of the company’s stock valued at $2,028,000 after buying an additional 16,327 shares during the last quarter. Northern Trust Corp raised its stake in Tenaris SA by 18.7% in the third quarter. Northern Trust Corp now owns 557,884 shares of the company’s stock valued at $15,844,000 after buying an additional 87,763 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Tenaris SA by 54.0% in the third quarter. Ameriprise Financial Inc. now owns 35,890 shares of the company’s stock valued at $1,019,000 after buying an additional 12,583 shares during the last quarter. Institutional investors and hedge funds own 16.57% of the company’s stock.

TS has been the topic of several recent research reports. Zacks Investment Research lowered shares of Tenaris SA from a “hold” rating to a “sell” rating in a research report on Wednesday, October 12th. Berenberg Bank initiated coverage on shares of Tenaris SA in a research report on Tuesday, October 11th. They set a “hold” rating on the stock. Piper Jaffray Cos. upgraded shares of Tenaris SA from a “neutral” rating to an “overweight” rating and set a $33.00 price objective on the stock in a research report on Tuesday, October 18th. Morgan Stanley upgraded shares of Tenaris SA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 14th. Finally, Simmons upgraded shares of Tenaris SA from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $29.86.

About Tenaris SA

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.

5 Day Chart for NYSE:TS

Receive News & Stock Ratings for Tenaris SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenaris SA and related stocks with our FREE daily email newsletter.