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

Shares of Tenaris S.A. (NYSE:TS) have been given an average rating of “Hold” by the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $46.00.

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

Tenaris Stock Performance

TS stock opened at $37.49 on Friday. Tenaris has a one year low of $27.24 and a one year high of $40.72. The firm’s fifty day moving average is $38.29 and its 200 day moving average is $34.73. The firm has a market cap of $21.80 billion, a PE ratio of 10.39 and a beta of 1.44.

Tenaris (NYSE:TS) last announced its earnings results on Wednesday, February 19th. The industrial products company reported $0.94 earnings per share for the quarter, topping 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 business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.71 billion. Research analysts predict that Tenaris will post 3.14 earnings per share for the current fiscal year.

Tenaris Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Tuesday, May 20th will be issued a $0.56 dividend. This is a boost 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 presently 31.02%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TS. Versant Capital Management Inc purchased a new stake in shares of Tenaris in the fourth quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Tenaris in the 3rd quarter valued at about $33,000. GAMMA Investing LLC grew its stake in shares of Tenaris by 140.2% in the 4th quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company’s stock valued at $35,000 after buying an additional 548 shares during the period. Covestor Ltd acquired a new stake in shares of Tenaris during the 3rd quarter worth approximately $40,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Tenaris by 78.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company’s stock worth $41,000 after buying an additional 478 shares during the last quarter. Hedge funds and other institutional investors own 10.45% of the company’s stock.

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.