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

Shares of Tenaris S.A. (NYSE:TS) have been assigned an average recommendation of “Hold” from the twelve analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $42.32.

A number of brokerages have issued reports on TS. Piper Sandler reiterated a “neutral” rating on shares of Tenaris in a research report on Thursday, December 18th. BNP Paribas Exane restated a “neutral” rating on shares of Tenaris in a research note on Friday, October 10th. Morgan Stanley set a $36.00 target price on shares of Tenaris in a research report on Monday, December 15th. The Goldman Sachs Group initiated coverage on shares of Tenaris in a research note on Monday, December 15th. They set a “neutral” rating and a $43.60 target price on the stock. Finally, Wall Street Zen downgraded shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th.

Hedge Funds Weigh In On Tenaris

Hedge funds have recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new stake in Tenaris in the second quarter valued at approximately $28,000. Blue Trust Inc. grew its holdings in shares of Tenaris by 48.8% in the 2nd quarter. Blue Trust Inc. now owns 1,088 shares of the industrial products company’s stock valued at $41,000 after buying an additional 357 shares during the period. Advisory Services Network LLC bought a new stake in shares of Tenaris in the 3rd quarter valued at $47,000. Raymond James Financial Inc. acquired a new stake in Tenaris during the 2nd quarter worth $49,000. Finally, Farther Finance Advisors LLC lifted its holdings in Tenaris by 100.6% during the third quarter. Farther Finance Advisors LLC now owns 1,446 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 725 shares in the last quarter. 10.45% of the stock is currently owned by institutional investors and hedge funds.

Tenaris Trading Up 1.2%

NYSE TS opened at $40.42 on Tuesday. The company has a 50-day moving average price of $39.88 and a two-hundred day moving average price of $37.59. Tenaris has a 52 week low of $30.06 and a 52 week high of $41.76. The stock has a market cap of $23.50 billion, a price-to-earnings ratio of 10.87 and a beta of 0.96.

Tenaris (NYSE:TS) last issued its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.10. Tenaris had a return on equity of 11.72% and a net margin of 16.91%.The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts expect that Tenaris will post 3.14 earnings per share for the current fiscal year.

Tenaris Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 25th were given a $0.58 dividend. This represents a yield of 291.0%. The ex-dividend date was Tuesday, November 25th. Tenaris’s dividend payout ratio is 31.18%.

About Tenaris

Tenaris SA is a global manufacturer and supplier of steel tubular products and related services, primarily serving the oil and gas industry as well as other energy and industrial markets. Its product portfolio centers on seamless and welded steel pipes used for casing, tubing and line pipe applications, alongside a range of specialty and mechanical steel tubes. The company also provides value‑added technical solutions, including premium connections, heat treatment and surface protection, to support drilling, completion and production activities.

Tenaris operates an integrated industrial and commercial network that combines manufacturing, distribution and field services.