Encompass Capital Advisors LLC Makes New Investment in Tenaris S.A. (NYSE:TS)

Encompass Capital Advisors LLC purchased a new stake in shares of Tenaris S.A. (NYSE:TS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,100,000 shares of the industrial products company's stock, valued at approximately $41,569,000. Tenaris accounts for about 1.6% of Encompass Capital Advisors LLC's holdings, making the stock its 25th largest position. Encompass Capital Advisors LLC owned approximately 0.19% of Tenaris as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Capstone Investment Advisors LLC purchased a new position in Tenaris in the fourth quarter valued at about $10,671,000. Caxton Associates LP purchased a new position in Tenaris in the fourth quarter valued at about $680,000. BNP Paribas Financial Markets grew its stake in Tenaris by 502.4% in the fourth quarter. BNP Paribas Financial Markets now owns 306,146 shares of the industrial products company's stock valued at $11,569,000 after purchasing an additional 255,327 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Tenaris by 4.1% in the fourth quarter. Ameriprise Financial Inc. now owns 22,934 shares of the industrial products company's stock valued at $867,000 after purchasing an additional 902 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new position in Tenaris in the fourth quarter valued at about $16,486,000. 10.45% of the stock is owned by institutional investors and hedge funds.

Tenaris Price Performance

Shares of NYSE TS traded up $0.66 during trading hours on Monday, hitting $34.71. 1,515,703 shares of the company's stock were exchanged, compared to its average volume of 1,759,851. Tenaris S.A. has a 1-year low of $27.24 and a 1-year high of $40.87. The stock has a market capitalization of $20.18 billion, a price-to-earnings ratio of 9.61 and a beta of 1.27. The company's 50-day moving average price is $35.32 and its 200-day moving average price is $36.80.

Tenaris (NYSE:TS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.14. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. The business had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.88 billion. During the same quarter in the previous year, the firm earned $1.27 EPS. The firm's revenue was down 15.1% compared to the same quarter last year. On average, research analysts expect that Tenaris S.A. will post 3.14 earnings per share for the current year.

Tenaris Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 21st. Investors of record on Tuesday, May 20th will be given a dividend of $0.56 per share. The ex-dividend date is Tuesday, May 20th. This is a boost from Tenaris's previous semi-annual dividend of $0.54. Tenaris's payout ratio is currently 68.29%.

Analysts Set New Price Targets

A number of brokerages have commented on TS. Stifel Nicolaus lowered their target price on Tenaris from $43.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. StockNews.com upgraded Tenaris from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. BNP Paribas assumed coverage on Tenaris in a research note on Tuesday, April 22nd. They set an "outperform" rating for the company. Barclays set a $48.00 price target on Tenaris and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Finally, Kepler Capital Markets downgraded Tenaris from a "buy" rating to a "hold" rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Tenaris presently has a consensus rating of "Moderate Buy" and an average target price of $46.50.

Tenaris 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.