Tenaris S.A. (NYSE:TS) Given Average Rating of “Moderate Buy” by Brokerages

Tenaris S.A. (NYSE:TS) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $63.6167.

Several analysts recently weighed in on TS shares. Zacks Research upgraded Tenaris from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Weiss Ratings downgraded Tenaris from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Barclays upped their price target on Tenaris to $82.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Piper Sandler increased their price objective on Tenaris from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Tenaris from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th.

Institutional Trading of Tenaris

A number of hedge funds have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. grew its position in Tenaris by 1.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 24,383 shares of the industrial products company’s stock worth $1,353,000 after purchasing an additional 341 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Tenaris by 24.4% in the second quarter. GAMMA Investing LLC now owns 2,713 shares of the industrial products company’s stock valued at $151,000 after buying an additional 533 shares during the period. Versant Capital Management Inc lifted its stake in shares of Tenaris by 6.3% in the second quarter. Versant Capital Management Inc now owns 5,580 shares of the industrial products company’s stock valued at $310,000 after buying an additional 332 shares during the period. Parallel Advisors LLC grew its position in Tenaris by 35.6% during the first quarter. Parallel Advisors LLC now owns 4,971 shares of the industrial products company’s stock worth $289,000 after buying an additional 1,306 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Tenaris by 28.9% during the first quarter. EverSource Wealth Advisors LLC now owns 5,100 shares of the industrial products company’s stock worth $297,000 after buying an additional 1,142 shares in the last quarter. 10.45% of the stock is owned by institutional investors.

Tenaris Price Performance

Shares of TS opened at $52.96 on Friday. The company has a market capitalization of $28.38 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 1.27 and a beta of 0.85. Tenaris has a one year low of $33.65 and a one year high of $64.60. The company’s fifty day moving average price is $57.67 and its 200 day moving average price is $56.14.

Tenaris (NYSE:TS) last released its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.16. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Tenaris had a net margin of 15.88% and a return on equity of 11.15%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 earnings per share. Analysts anticipate that Tenaris will post 3.75 earnings per share for the current year.

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.