Tenaris (NYSE:TS) Reaches New 12-Month Low - Should You Sell?

Tenaris S.A. (NYSE:TS - Get Free Report) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $32.66 and last traded at $33.24, with a volume of 2013809 shares trading hands. The stock had previously closed at $33.74.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TS shares. BNP Paribas started coverage on shares of Tenaris in a report on Tuesday, April 22nd. They set an "outperform" rating on the stock. Stifel Nicolaus decreased their price target on shares of Tenaris from $43.00 to $41.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Bank of America cut shares of Tenaris from a "neutral" rating to an "underperform" rating in a research note on Wednesday, January 29th. Barclays set a $48.00 target price on Tenaris and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Piper Sandler boosted their price target on Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.50.

Tenaris Stock Performance

The company's fifty day moving average is $35.60 and its two-hundred day moving average is $36.75. The firm has a market cap of $19.61 billion, a price-to-earnings ratio of 9.33 and a beta of 1.21.

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

Tenaris Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Tuesday, May 20th will be given a $0.56 dividend. This is an increase from Tenaris's previous semi-annual dividend of $0.54. The ex-dividend date of this dividend is Tuesday, May 20th. Tenaris's dividend payout ratio (DPR) is 34.15%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc acquired a new position in Tenaris in the 4th quarter worth $28,000. GAMMA Investing LLC increased its position in shares of Tenaris by 140.2% during the fourth quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company's stock worth $35,000 after acquiring an additional 548 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Tenaris by 78.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company's stock worth $41,000 after acquiring an additional 478 shares in the last quarter. Headlands Technologies LLC purchased a new position in Tenaris in the fourth quarter valued at about $42,000. Finally, Farther Finance Advisors LLC grew its stake in Tenaris by 93.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,660 shares of the industrial products company's stock valued at $66,000 after purchasing an additional 801 shares in the last quarter. 10.45% of the stock is currently owned by hedge funds and other institutional investors.

About Tenaris

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.