Tenaris (NYSE:TS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Tenaris (NYSE:TS) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Other research analysts also recently issued research reports about the stock. Barclays lifted their price objective on shares of Tenaris to $82.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Zacks Research upgraded shares of Tenaris from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Morgan Stanley upgraded Tenaris from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $53.00 to $65.00 in a report on Wednesday, July 15th. Piper Sandler boosted their price target on Tenaris from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Finally, Weiss Ratings lowered Tenaris from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Tenaris presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.12.

Tenaris Stock Down 1.8%

TS stock opened at $56.14 on Friday. The company has a market cap of $30.09 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 1.39 and a beta of 0.84. Tenaris has a twelve month low of $33.65 and a twelve month high of $64.60. The business has a 50 day moving average price of $59.13 and a two-hundred day moving average price of $54.66.

Tenaris (NYSE:TS) last announced its quarterly earnings data on Thursday, May 7th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.20. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Tenaris had a return on equity of 11.53% and a net margin of 16.17%.The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.94 EPS. On average, equities research analysts anticipate that Tenaris will post 3.66 EPS for the current fiscal year.

Institutional Trading of Tenaris

Several institutional investors have recently added to or reduced their stakes in the company. BSW Wealth Partners boosted its position in shares of Tenaris by 3.0% during the 4th quarter. BSW Wealth Partners now owns 7,924 shares of the industrial products company’s stock valued at $305,000 after purchasing an additional 232 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Tenaris by 2.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,469 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 241 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Tenaris by 0.5% in the first quarter. Lazard Asset Management LLC now owns 58,252 shares of the industrial products company’s stock worth $3,389,000 after purchasing an additional 284 shares in the last quarter. Versant Capital Management Inc lifted its stake in Tenaris by 6.3% in the second quarter. Versant Capital Management Inc now owns 5,580 shares of the industrial products company’s stock valued at $310,000 after buying an additional 332 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Tenaris by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 8,387 shares of the industrial products company’s stock worth $314,000 after buying an additional 338 shares in the last quarter. 10.45% of the stock is currently owned by institutional investors.

Tenaris Company Profile

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.