Analysts Set Tenaris S.A. (NYSE:TS) Price Target at $42.60

Tenaris S.A. (NYSE:TS) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $42.60.

A number of equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Tenaris from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. BNP Paribas lowered shares of Tenaris from an “outperform” rating to a “hold” rating in a research report on Friday, October 10th. BNP Paribas Exane reiterated a “neutral” rating on shares of Tenaris in a research note on Friday, October 10th. Cowen restated a “buy” rating on shares of Tenaris in a research note on Thursday, October 30th. Finally, Barclays lowered their price target on shares of Tenaris from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th.

Institutional Investors Weigh In On Tenaris

Several large investors have recently added to or reduced their stakes in TS. FORA Capital LLC purchased a new position in shares of Tenaris in the first quarter worth about $421,000. Encompass Capital Advisors LLC boosted its holdings in Tenaris by 90.7% in the 1st quarter. Encompass Capital Advisors LLC now owns 2,097,540 shares of the industrial products company’s stock worth $82,035,000 after buying an additional 997,540 shares during the period. KLP Kapitalforvaltning AS bought a new position in Tenaris in the 2nd quarter worth approximately $1,122,000. Northern Trust Corp grew its stake in Tenaris by 109.6% in the 1st quarter. Northern Trust Corp now owns 462,542 shares of the industrial products company’s stock valued at $18,090,000 after buying an additional 241,853 shares in the last quarter. Finally, Twin Tree Management LP bought a new stake in Tenaris during the 1st quarter valued at $1,221,000. Hedge funds and other institutional investors own 10.45% of the company’s stock.

Tenaris Trading Up 0.8%

Shares of TS opened at $39.93 on Monday. The company has a market capitalization of $23.22 billion, a price-to-earnings ratio of 10.73 and a beta of 1.33. The stock has a 50 day moving average of $37.43 and a 200 day moving average of $36.45. Tenaris has a 12 month low of $30.06 and a 12 month high of $41.76.

Tenaris (NYSE:TS) last posted its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.10. The business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Tenaris had a return on equity of 11.76% and a net margin of 16.91%.The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 earnings per share. As a group, equities research analysts predict that Tenaris will post 3.14 earnings per share for the current year.

Tenaris Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 25th were paid a $0.58 dividend. The ex-dividend date was Tuesday, November 25th. This represents a dividend yield of 291.0%. Tenaris’s payout ratio is presently 31.18%.

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.