A number of other research firms have also recently issued reports on TS. Zacks Investment Research upgraded shares of Tenaris SA from a hold rating to a buy rating and set a $32.00 price objective on the stock in a research report on Thursday, June 30th. Raymond James Financial Inc. restated a hold rating on shares of Tenaris SA in a research report on Thursday, June 23rd. Finally, Goldman Sachs Group Inc. cut shares of Tenaris SA from a buy rating to a neutral rating in a research report on Wednesday, July 20th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Tenaris SA currently has a consensus rating of Hold and an average price target of $29.33.
Tenaris SA (NYSE:TS) opened at 29.03 on Tuesday. Tenaris SA has a 12 month low of $18.53 and a 12 month high of $29.89. The company has a 50-day moving average of $27.47 and a 200 day moving average of $27.09. The company’s market cap is $17.14 billion.
Tenaris SA (NYSE:TS) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.04. The business earned $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. Tenaris SA had a negative return on equity of 3.33% and a negative net margin of 7.40%. The business’s revenue for the quarter was down 40.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share. On average, equities analysts forecast that Tenaris SA will post ($0.41) earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of TS. Advisor Group Inc. acquired a new stake in Tenaris SA during the second quarter valued at approximately $117,000. BOKF NA raised its stake in Tenaris SA by 9,446.0% in the second quarter. BOKF NA now owns 4,773 shares of the company’s stock valued at $138,000 after buying an additional 4,723 shares during the last quarter. Independent Portfolio Consultants Inc. raised its stake in Tenaris SA by 684.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,650 shares of the company’s stock valued at $163,000 after buying an additional 4,930 shares during the last quarter. Avalon Advisors LLC acquired a new stake in Tenaris SA during the first quarter valued at approximately $201,000. Finally, First Trust Advisors LP acquired a new stake in Tenaris SA during the second quarter valued at approximately $203,000. 16.38% of the stock is currently owned by institutional investors and hedge funds.
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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