Weiss Ratings reiterated their hold (c+) rating on shares of Tenaris (NYSE:TS – Free Report) in a research report sent to investors on Tuesday morning,Weiss Ratings reports.
A number of other equities analysts have also recently weighed in on TS. BNP Paribas Exane reissued a “neutral” rating on shares of Tenaris in a research note on Friday, October 10th. Barclays dropped their price target on Tenaris from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. Wall Street Zen cut Tenaris from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. Piper Sandler cut Tenaris from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $48.00 to $41.00 in a research note on Wednesday, September 17th. Finally, BNP Paribas cut Tenaris from an “outperform” rating to a “hold” rating in a research note on Friday. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $41.80.
Read Our Latest Analysis on Tenaris
Tenaris Trading Up 0.5%
Tenaris (NYSE:TS – Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.11. The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3 billion. Tenaris had a return on equity of 11.71% and a net margin of 17.02%.Tenaris’s revenue was down 7.1% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. On average, research analysts predict that Tenaris will post 3.14 earnings per share for the current year.
Institutional Trading of Tenaris
A number of large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its position in Tenaris by 100.6% in the third quarter. Farther Finance Advisors LLC now owns 1,446 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 725 shares during the period. Corient Private Wealth LLC grew its position in Tenaris by 5.8% in the second quarter. Corient Private Wealth LLC now owns 11,539 shares of the industrial products company’s stock valued at $432,000 after acquiring an additional 631 shares during the period. Osaic Holdings Inc. grew its position in Tenaris by 1,994.8% in the second quarter. Osaic Holdings Inc. now owns 36,722 shares of the industrial products company’s stock valued at $1,434,000 after acquiring an additional 34,969 shares during the period. Squarepoint Ops LLC grew its position in Tenaris by 178.7% in the second quarter. Squarepoint Ops LLC now owns 17,092 shares of the industrial products company’s stock valued at $639,000 after acquiring an additional 10,959 shares during the period. Finally, Headlands Technologies LLC grew its position in Tenaris by 819.6% in the second quarter. Headlands Technologies LLC now owns 4,984 shares of the industrial products company’s stock valued at $186,000 after acquiring an additional 4,442 shares during the period. 10.45% of the stock is currently owned by institutional investors.
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.
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