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

Tenaris S.A. (NYSE:TS) has received a consensus recommendation of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $50.45.

A number of equities analysts have commented on the stock. Barclays reiterated an “overweight” rating and issued a $56.00 price objective on shares of Tenaris in a report on Monday, February 23rd. Stifel Nicolaus boosted their target price on shares of Tenaris from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. TD Cowen upped their price objective on Tenaris from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Wall Street Zen downgraded Tenaris from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $49.70 price objective on shares of Tenaris in a research note on Monday, February 23rd.

Hedge Funds Weigh In On Tenaris

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sourcerock Group LLC grew its holdings in shares of Tenaris by 25.9% during the second quarter. Sourcerock Group LLC now owns 3,086,075 shares of the industrial products company’s stock valued at $115,419,000 after purchasing an additional 635,817 shares during the last quarter. Wellington Management Group LLP grew its stake in Tenaris by 25.6% during the 4th quarter. Wellington Management Group LLP now owns 2,682,137 shares of the industrial products company’s stock worth $103,128,000 after buying an additional 546,144 shares during the last quarter. Van ECK Associates Corp increased its position in Tenaris by 25.4% in the fourth quarter. Van ECK Associates Corp now owns 2,019,185 shares of the industrial products company’s stock worth $77,638,000 after buying an additional 408,592 shares during the period. Balyasny Asset Management L.P. increased its position in Tenaris by 3.1% in the second quarter. Balyasny Asset Management L.P. now owns 1,767,924 shares of the industrial products company’s stock worth $66,120,000 after buying an additional 53,155 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Tenaris by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,234,828 shares of the industrial products company’s stock valued at $47,481,000 after buying an additional 100,568 shares during the last quarter. 10.45% of the stock is currently owned by institutional investors and hedge funds.

Tenaris Price Performance

Shares of TS opened at $52.96 on Wednesday. Tenaris has a 12 month low of $30.06 and a 12 month high of $55.02. The stock has a market cap of $30.79 billion, a PE ratio of 14.51, a P/E/G ratio of 1.94 and a beta of 0.87. The stock’s 50-day moving average is $45.17 and its two-hundred day moving average is $40.23.

Tenaris (NYSE:TS) last released its quarterly earnings results on Thursday, February 19th. The industrial products company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. Tenaris had a return on equity of 11.32% and a net margin of 16.13%.The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period in the previous year, the company posted $0.94 EPS. Tenaris’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, research analysts anticipate that Tenaris will post 3.14 earnings per share for the current year.

Tenaris Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Tuesday, May 19th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a dividend yield of 450.0%. Tenaris’s payout ratio is 31.78%.

Tenaris Company Profile

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.