Tenaris SA (TS) Receives $28.80 Consensus Price Target from Analysts
Tenaris SA (NYSE:TS) has received an average recommendation of “Hold” from the fifteen analysts that are covering the firm. Three research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $28.80.
Several brokerages have weighed in on TS. Macquarie lowered shares of Tenaris SA from an “outperform” rating to an “underperform” rating in a research note on Tuesday, November 22nd. Zacks Investment Research raised shares of Tenaris SA from a “sell” rating to a “hold” rating in a research note on Thursday, November 17th. Piper Jaffray Cos. raised shares of 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. Morgan Stanley raised shares of Tenaris SA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 14th. Finally, Berenberg Bank began coverage on shares of Tenaris SA in a research note on Tuesday, October 11th. They issued a “hold” rating for the company.
Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in Tenaris SA by 105.6% in the third quarter. JPMorgan Chase & Co. now owns 3,831 shares of the company’s stock worth $109,000 after buying an additional 72,569 shares during the last quarter. Advisor Group Inc. bought a new stake in Tenaris SA during the second quarter worth $117,000. Kernodle & Katon Asset Management Group LLC bought a new stake in Tenaris SA during the third quarter worth $129,000. BOKF NA boosted its stake in Tenaris SA by 9,446.0% in the second quarter. BOKF NA now owns 4,773 shares of the company’s stock worth $138,000 after buying an additional 4,723 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its stake in Tenaris SA by 684.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,650 shares of the company’s stock worth $163,000 after buying an additional 4,930 shares during the last quarter. 16.10% of the stock is currently owned by institutional investors.
Shares of Tenaris SA (NYSE:TS) opened at 32.21 on Monday. The firm’s 50-day moving average is $29.63 and its 200 day moving average is $28.06. The stock’s market cap is $19.01 billion. Tenaris SA has a 52-week low of $18.53 and a 52-week high of $32.44.
Tenaris SA (NYSE:TS) last announced its earnings results on Thursday, November 3rd. The company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The company earned $1.05 billion during 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%. Tenaris SA’s revenue was down 32.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.30) earnings per share. Analysts forecast that Tenaris SA will post $0.04 earnings per share for the current fiscal 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 of this dividend was Monday, November 21st. Tenaris SA’s payout ratio is currently -1,300.00%.
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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.
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