Tenaris SA (NYSE:TS) was downgraded by equities research analysts at Macquarie from an “outperform” rating to an “underperform” rating in a report released on Tuesday.

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

Analyst Recommendations for Tenaris SA (NYSE:TS)

Shares of Tenaris SA (NYSE:TS) opened at 31.41 on Tuesday. The stock’s market cap is $18.54 billion. Tenaris SA has a 52-week low of $18.53 and a 52-week high of $31.98. The firm’s 50-day moving average price is $29.50 and its 200-day moving average price is $27.92.

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

The business also recently disclosed a dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Tuesday, November 22nd were issued a dividend of $0.26 per share. The ex-dividend date was Monday, November 21st. Tenaris SA’s dividend payout ratio (DPR) is presently -1,300.00%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TS. JPMorgan Chase & Co. increased its position in Tenaris SA by 105.6% in the third quarter. JPMorgan Chase & Co. now owns 3,831 shares of the company’s stock valued at $109,000 after buying an additional 72,569 shares during the period. Advisor Group Inc. bought a new position in Tenaris SA during the second quarter valued at approximately $117,000. Kernodle & Katon Asset Management Group LLC bought a new position in Tenaris SA during the third quarter valued at approximately $129,000. BOKF NA increased 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 period. Finally, Independent Portfolio Consultants Inc. increased its position in Tenaris SA by 684.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,650 shares of the company’s stock valued at $163,000 after buying an additional 4,930 shares during the period. 16.84% of the stock is owned by institutional investors and hedge funds.

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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.

5 Day Chart for NYSE:TS

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