Tenaris S.A. (NYSE:TS) Receives Consensus Recommendation of “Hold” from Analysts

Tenaris S.A. (NYSE:TS) has been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $50.45.

TS has been the topic of several recent analyst reports. TD Cowen reiterated a “buy” rating on shares of Tenaris in a research report on Wednesday, March 18th. Stifel Nicolaus raised their price target on Tenaris from $45.00 to $57.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Tenaris in a research note on Friday, March 27th. Morgan Stanley upped their price objective on Tenaris from $38.00 to $40.00 and gave the stock an “underweight” rating in a report on Monday, February 23rd. Finally, Barclays reiterated an “overweight” rating and issued a $56.00 price objective on shares of Tenaris in a research report on Monday, February 23rd.

Tenaris Stock Up 0.2%

Shares of NYSE:TS opened at $58.03 on Friday. Tenaris has a fifty-two week low of $30.06 and a fifty-two week high of $59.38. The firm’s 50-day simple moving average is $51.84 and its 200-day simple moving average is $43.19. The company has a market cap of $31.10 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 2.03 and a beta of 0.81.

Tenaris (NYSE:TS) last posted its quarterly earnings results on Sunday, February 15th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Tenaris had a net margin of 16.13% and a return on equity of 11.32%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. On average, research analysts forecast that Tenaris will post 3.14 EPS for the current year.

Tenaris Dividend Announcement

The business 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. This represents a dividend yield of 450.0%. The ex-dividend date is Tuesday, May 19th. Tenaris’s dividend payout ratio (DPR) is currently 31.78%.

Institutional Trading of Tenaris

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Tenaris during the fourth quarter worth about $48,000. Raymond James Financial Inc. purchased a new position in Tenaris in the second quarter valued at about $49,000. Advisory Services Network LLC acquired a new stake in shares of Tenaris during the 3rd quarter valued at approximately $47,000. Farther Finance Advisors LLC boosted its stake in shares of Tenaris by 100.6% during the 3rd 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. Finally, Global Retirement Partners LLC boosted its stake in shares of Tenaris by 1,066.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,505 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 1,376 shares in the last quarter. Institutional investors and hedge funds own 10.45% of the company’s stock.

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.