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

Shares of Tenaris S.A. (NYSE:TS) have earned a consensus rating of “Hold” from the six research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $44.50.

A number of equities analysts have weighed in on the stock. Bank of America cut shares of Tenaris from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 29th. Piper Sandler assumed coverage on shares of Tenaris in a research note on Thursday, December 19th. They issued an “overweight” rating and a $48.00 price target on the stock. Kepler Capital Markets cut Tenaris from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Stifel Nicolaus raised their target price on Tenaris from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Friday. Finally, Jefferies Financial Group raised 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.

Tenaris Stock Performance

Shares of Tenaris stock opened at $37.72 on Friday. The firm has a 50-day simple moving average of $38.33 and a two-hundred day simple moving average of $34.41. Tenaris has a fifty-two week low of $27.24 and a fifty-two week high of $40.72. The company has a market cap of $21.93 billion, a P/E ratio of 10.45 and a beta of 1.44.

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

Tenaris Increases Dividend

The business also recently declared 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 is Tuesday, May 20th. This is a positive change from Tenaris’s previous semi-annual dividend of $0.54. Tenaris’s dividend payout ratio is 29.92%.

Hedge Funds Weigh In On Tenaris

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc purchased a new position in shares of Tenaris during the 4th quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Tenaris during the third quarter worth about $33,000. GAMMA Investing LLC raised its stake in Tenaris by 140.2% during the fourth quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 548 shares during the period. Covestor Ltd acquired a new position in Tenaris in the 3rd quarter valued at about $40,000. Finally, EverSource Wealth Advisors LLC grew 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 buying an additional 478 shares during the period. Institutional investors and hedge funds 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.