Tenaris SA (TS) Receives $28.80 Consensus Price Target from Analysts
Tenaris SA (NYSE:TS) has been given an average recommendation of “Hold” by the fifteen brokerages that are presently covering the firm. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $28.80.
A number of brokerages have recently commented on TS. Macquarie lowered Tenaris SA from an “outperform” rating to an “underperform” rating in a report on Tuesday, November 22nd. Zacks Investment Research raised Tenaris SA from a “sell” rating to a “hold” rating in a report on Thursday, November 17th. Morgan Stanley raised Tenaris SA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 14th. Simmons raised Tenaris SA from a “neutral” rating to an “overweight” rating in a report on Tuesday, October 18th. Finally, Piper Jaffray Cos. raised Tenaris SA from a “neutral” rating to an “overweight” rating and set a $33.00 price target on the stock in a report on Tuesday, October 18th.
Several institutional investors have recently added to or reduced their stakes in TS. JPMorgan Chase & Co. raised its position in Tenaris SA by 105.6% in the third quarter. JPMorgan Chase & Co. now owns 3,831 shares of the company’s stock worth $109,000 after buying an additional 72,569 shares during the period. Advisor Group Inc. bought a new position in Tenaris SA during the second quarter worth $117,000. Kernodle & Katon Asset Management Group LLC bought a new position in Tenaris SA during the third quarter worth $129,000. BOKF NA raised its position in Tenaris SA by 9,446.0% in the second quarter. BOKF NA now owns 4,773 shares of the company’s stock worth $138,000 after buying an additional 4,723 shares during the period. Finally, Independent Portfolio Consultants Inc. raised its position in Tenaris SA by 684.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,650 shares of the company’s stock worth $163,000 after buying an additional 4,930 shares during the period. Institutional investors and hedge funds own 16.10% of the company’s stock.
Tenaris SA (NYSE:TS) opened at 32.21 on Monday. The firm’s market cap is $19.01 billion. The company has a 50-day moving average of $29.63 and a 200 day moving average of $28.06. Tenaris SA has a 52 week low of $18.53 and a 52 week high of $32.44.
Tenaris SA (NYSE:TS) last issued its earnings results on Thursday, November 3rd. The company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. Tenaris SA had a negative return on equity of 0.21% and a negative net margin of 0.52%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company earned ($0.30) earnings per share. The firm’s revenue for the quarter was down 32.8% on a year-over-year basis. On average, equities analysts predict that Tenaris SA will post $0.04 earnings per share for the current year.
The business also recently declared a dividend, which was paid on Wednesday, November 23rd. Investors of record on Tuesday, November 22nd were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, November 21st. Tenaris SA’s dividend payout ratio (DPR) is -1,300.00%.
Tenaris SA Company Profile
Tenaris SA is a holding company, which is a supplier of steel pipe products and related services for energy industry and other industrial applications. The Company operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods used in drilling operations, and for other industrial applications with production processes.
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