Shares of Tenaris S.A. (NYSE:TS – Get Free Report) have received a consensus rating of “Hold” from the five research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $39.00.
TS has been the topic of a number of recent research reports. StockNews.com cut Tenaris from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Piper Sandler decreased their target price on shares of Tenaris from $43.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, July 15th. Stifel Nicolaus dropped their target price on shares of Tenaris from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Finally, Morgan Stanley lowered shares of Tenaris from an “overweight” rating to an “underweight” rating and set a $40.00 price objective for the company. in a report on Thursday, April 18th.
Read Our Latest Stock Report on TS
Institutional Inflows and Outflows
Tenaris Price Performance
Shares of Tenaris stock opened at $28.08 on Tuesday. Tenaris has a 1 year low of $27.24 and a 1 year high of $40.72. The company has a 50-day moving average of $30.77 and a 200 day moving average of $33.95. The firm has a market cap of $16.33 billion, a price-to-earnings ratio of 4.68 and a beta of 1.46.
Tenaris (NYSE:TS – Get Free Report) last announced its earnings results on Wednesday, July 31st. The industrial products company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.38). Tenaris had a net margin of 20.41% and a return on equity of 16.12%. The business had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $170.13 million. During the same period in the prior year, the business posted $1.90 EPS. Tenaris’s revenue for the quarter was down 18.5% on a year-over-year basis. On average, equities analysts anticipate that Tenaris will post 3.52 EPS for the current year.
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.
Featured Stories
- Five stocks we like better than Tenaris
- What is Put Option Volume?
- How to Invest in Silver: A Beginner’s Guide
- How to Most Effectively Use the MarketBeat Earnings Screener
- Monday.com’s Stock Results Will Brighten Any Investor’s Week
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- 3 Must-Watch Stocks After a Bullish Goldman Sachs Recommendation
Receive News & Ratings for Tenaris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenaris and related companies with MarketBeat.com's FREE daily email newsletter.