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

Tenaris S.A. (NYSE:TS) has received a consensus rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research 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 analysts that have issued ratings on the stock in the last year is $46.00.

A number of equities analysts have recently weighed in on TS shares. Barclays boosted their price objective on shares of Tenaris from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Stifel Nicolaus raised their price objective on Tenaris from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Bank of America downgraded Tenaris from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 29th. Piper Sandler raised their price target on Tenaris from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, StockNews.com raised shares of Tenaris from a “hold” rating to a “buy” rating in a research note on Thursday, February 20th.

Tenaris Stock Performance

Tenaris stock opened at $37.88 on Friday. Tenaris has a fifty-two week low of $27.24 and a fifty-two week high of $40.72. The stock has a fifty day moving average of $38.32 and a two-hundred day moving average of $34.82. The company has a market capitalization of $22.02 billion, a price-to-earnings ratio of 10.49 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, beating the consensus estimate of $0.63 by $0.31. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.71 billion. Tenaris had a net margin of 16.26% and a return on equity of 11.76%. On average, analysts forecast that Tenaris will post 3.14 EPS for the current fiscal year.

Tenaris Increases Dividend

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

Institutional Trading of Tenaris

A number of institutional investors have recently modified their holdings of TS. Versant Capital Management Inc acquired a new position in Tenaris during the fourth quarter valued at approximately $28,000. GAMMA Investing LLC lifted its holdings in shares of Tenaris by 140.2% during the 4th quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 548 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Tenaris during the 3rd quarter valued at $33,000. EverSource Wealth Advisors LLC lifted 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 valued at $41,000 after acquiring an additional 478 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Tenaris during the 4th quarter valued at $42,000. 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.