Tenaris (NYSE:TS) Reaches New 52-Week High – What’s Next?

Shares of Tenaris S.A. (NYSE:TS) hit a new 52-week high during trading on Tuesday . The company traded as high as $49.30 and last traded at $48.58, with a volume of 124804 shares. The stock had previously closed at $48.59.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Piper Sandler reissued a “neutral” rating on shares of Tenaris in a research report on Thursday, December 18th. Wall Street Zen cut shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley set a $38.00 price target on shares of Tenaris and gave the stock an “underweight” rating in a research note on Wednesday, January 21st. Stifel Nicolaus lifted their price objective on Tenaris from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Finally, The Goldman Sachs Group started coverage on Tenaris in a report on Monday, December 15th. They set a “neutral” rating and a $43.60 target price on the stock. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tenaris presently has a consensus rating of “Hold” and a consensus price target of $42.72.

Tenaris Price Performance

The firm has a market cap of $28.46 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 12.87 and a beta of 0.95. The firm’s 50 day moving average is $42.19 and its 200 day moving average is $38.87.

Institutional Investors Weigh In On Tenaris

Several hedge funds have recently added to or reduced their stakes in TS. Russell Investments Group Ltd. increased its holdings in shares of Tenaris by 20.3% during the fourth quarter. Russell Investments Group Ltd. now owns 10,835 shares of the industrial products company’s stock valued at $417,000 after acquiring an additional 1,830 shares in the last quarter. Mariner LLC grew its position in Tenaris by 4.8% during the 4th quarter. Mariner LLC now owns 31,225 shares of the industrial products company’s stock valued at $1,202,000 after purchasing an additional 1,432 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Tenaris during the 4th quarter valued at about $67,000. Smartleaf Asset Management LLC raised its holdings in Tenaris by 26.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the industrial products company’s stock worth $66,000 after buying an additional 353 shares during the last quarter. Finally, Bridgefront Capital LLC purchased a new position in Tenaris in the fourth quarter worth about $812,000. 10.45% of the stock is owned by institutional investors.

About Tenaris

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.