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

Shares of Tenaris S.A. (NYSE:TS) have received a consensus rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $46.00.

A number of equities analysts recently issued reports on TS shares. Bank of America downgraded Tenaris from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 29th. StockNews.com downgraded shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday. Kepler Capital Markets cut shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Piper Sandler upped their target price on Tenaris from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Finally, Barclays increased their price objective on Tenaris from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, February 24th.

Institutional Investors Weigh In On Tenaris

Institutional investors have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. boosted its stake in shares of Tenaris by 61.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 35,111 shares of the industrial products company’s stock valued at $1,327,000 after buying an additional 13,374 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Tenaris by 140.2% during the 4th quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 548 shares in the last quarter. ABC Arbitrage SA acquired a new position in shares of Tenaris during the 4th quarter worth $31,581,000. Proficio Capital Partners LLC acquired a new stake in shares of Tenaris in the fourth quarter valued at about $968,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Tenaris by 291.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,725 shares of the industrial products company’s stock worth $65,000 after buying an additional 1,284 shares in the last quarter. Hedge funds and other institutional investors own 10.45% of the company’s stock.

Tenaris Trading Up 1.5 %

Shares of NYSE:TS opened at $40.22 on Wednesday. Tenaris has a 52 week low of $27.24 and a 52 week high of $40.73. The company’s 50 day moving average is $38.31 and its two-hundred day moving average is $36.05. The company has a market cap of $23.38 billion, a PE ratio of 11.14 and a beta of 1.43.

Tenaris (NYSE:TS) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.31. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. As a group, equities research analysts expect that Tenaris will post 3.14 EPS for the current year.

Tenaris Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.56 per share. This is a positive change from Tenaris’s previous semi-annual dividend of $0.54. The ex-dividend date of this dividend is Tuesday, May 20th. Tenaris’s payout ratio is 31.02%.

Tenaris Company Profile

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.