Tenaris S.A. (NYSE:TS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Tenaris S.A. (NYSE:TS) have been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $46.00.

Several equities research analysts recently issued reports on TS shares. Kepler Capital Markets downgraded shares of Tenaris from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Jefferies Financial Group raised shares of Tenaris from a “hold” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $47.00 in a research note on Monday, December 9th. Piper Sandler lifted their price target on shares of Tenaris from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday. Bank of America downgraded shares of Tenaris from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 29th. Finally, StockNews.com raised shares of Tenaris from a “hold” rating to a “buy” rating in a research note on Thursday, February 20th.

Institutional Investors Weigh In On Tenaris

A number of institutional investors have recently modified their holdings of the business. Exencial Wealth Advisors LLC grew its position in shares of Tenaris by 0.5% during the 4th quarter. Exencial Wealth Advisors LLC now owns 50,404 shares of the industrial products company’s stock valued at $1,905,000 after buying an additional 270 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Tenaris by 36.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,420 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 377 shares during the period. Silvercrest Asset Management Group LLC lifted its stake in shares of Tenaris by 0.4% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 97,796 shares of the industrial products company’s stock worth $3,696,000 after acquiring an additional 386 shares during the period. Signaturefd LLC lifted its stake in shares of Tenaris by 2.3% in the 4th quarter. Signaturefd LLC now owns 18,647 shares of the industrial products company’s stock worth $705,000 after acquiring an additional 418 shares during the period. Finally, Covestor Ltd lifted its stake in shares of Tenaris by 37.2% in the 4th quarter. Covestor Ltd now owns 1,729 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 469 shares during the period. Institutional investors own 10.45% of the company’s stock.

Tenaris Trading Up 0.9 %

NYSE:TS opened at $37.88 on Friday. The firm has a market capitalization of $22.02 billion, a price-to-earnings ratio of 10.49 and a beta of 1.44. The firm’s fifty day simple moving average is $38.32 and its 200 day simple moving average is $34.82. Tenaris has a twelve month low of $27.24 and a twelve month high of $40.72.

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

Tenaris Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Tuesday, May 20th will be given a $0.56 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This is an increase from Tenaris’s previous semi-annual dividend of $0.54. Tenaris’s payout ratio is presently 31.02%.

Tenaris Company Profile

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.