Analysts Set Tenaris S.A. (NYSE:TS) PT at $44.00

Tenaris S.A. (NYSE:TS - Get Free Report) has earned a consensus rating of "Hold" from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $44.00.

A number of equities research analysts recently weighed in on TS shares. Stifel Nicolaus decreased their price objective on shares of Tenaris from $43.00 to $41.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Barclays set a $48.00 price objective on shares of Tenaris and gave the company an "overweight" rating in a report on Tuesday, May 6th. Piper Sandler lifted their price objective on shares of Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Wall Street Zen upgraded shares of Tenaris from a "hold" rating to a "buy" rating in a report on Monday, May 5th. Finally, BNP Paribas assumed coverage on shares of Tenaris in a report on Tuesday, April 22nd. They set an "outperform" rating for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Exencial Wealth Advisors LLC boosted its stake in Tenaris by 0.5% in the 4th quarter. Exencial Wealth Advisors LLC now owns 50,404 shares of the industrial products company's stock worth $1,905,000 after purchasing an additional 270 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Tenaris by 4.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,088 shares of the industrial products company's stock valued at $316,000 after acquiring an additional 308 shares during the period. Russell Investments Group Ltd. lifted its stake in Tenaris by 10.6% during the 1st quarter. Russell Investments Group Ltd. now owns 3,636 shares of the industrial products company's stock valued at $142,000 after acquiring an additional 347 shares during the period. Silvercrest Asset Management Group LLC lifted its stake in Tenaris by 0.4% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 97,796 shares of the industrial products company's stock valued at $3,696,000 after acquiring an additional 386 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in Tenaris by 4.3% during the 1st quarter. Advisors Asset Management Inc. now owns 9,408 shares of the industrial products company's stock valued at $368,000 after acquiring an additional 390 shares during the period. Hedge funds and other institutional investors own 10.45% of the company's stock.

Tenaris Price Performance

Shares of Tenaris stock traded up $0.07 during trading on Monday, hitting $34.57. The stock had a trading volume of 655,621 shares, compared to its average volume of 1,736,808. The firm's fifty day simple moving average is $33.63 and its 200-day simple moving average is $36.64. The stock has a market cap of $20.10 billion, a PE ratio of 9.57 and a beta of 1.27. Tenaris has a 12 month low of $27.24 and a 12 month high of $40.87.

Tenaris (NYSE:TS - Get Free Report) last released its earnings results on Wednesday, April 30th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.14. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.88 billion. Tenaris had a net margin of 16.26% and a return on equity of 11.76%. The business's revenue was down 15.1% on a year-over-year basis. During the same quarter last year, the business earned $1.27 EPS. Analysts expect that Tenaris will post 3.14 earnings per share for the current fiscal year.

Tenaris declared that its Board of Directors has initiated a share repurchase program on Tuesday, May 27th that permits the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization permits the industrial products company to reacquire up to 6.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

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.