Tenaris S.A. (NYSE:TS) Receives Average Recommendation of “Hold” from Analysts

Tenaris S.A. (NYSE:TS) has been given an average rating of “Hold” by the seven analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $46.00.

Several equities research analysts have recently weighed in on the company. Piper Sandler upped their price objective on Tenaris from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Barclays upped their price objective on Tenaris from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Jefferies Financial Group upgraded Tenaris from a “hold” rating to a “buy” rating and increased their price target for the stock from $35.00 to $47.00 in a research report on Monday, December 9th. Stifel Nicolaus increased their price target on Tenaris from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Bank of America lowered Tenaris from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 29th.

Tenaris Trading Up 1.1 %

TS stock opened at $39.19 on Wednesday. Tenaris has a 1-year low of $27.24 and a 1-year high of $40.73. The firm has a market cap of $22.79 billion, a P/E ratio of 10.86 and a beta of 1.43. The business’s 50 day moving average is $38.21 and its 200-day moving average is $35.67.

Tenaris (NYSE:TS) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.31. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.71 billion. Sell-side analysts forecast that Tenaris will post 3.14 EPS for the current year.

Tenaris Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.56 per share. This is an increase from Tenaris’s previous semi-annual dividend of $0.54. The ex-dividend date of this dividend is Tuesday, May 20th. Tenaris’s dividend payout ratio is currently 31.02%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in Tenaris during the 4th quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Tenaris during the 3rd quarter worth $33,000. GAMMA Investing LLC lifted its holdings in Tenaris by 140.2% during the 4th quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company’s stock worth $35,000 after buying an additional 548 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Tenaris by 78.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 478 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of Tenaris in the 4th quarter valued at $42,000. Institutional investors and hedge funds own 10.45% of the company’s stock.

About Tenaris

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.