Tenaris S.A. (NYSE:TS) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Tenaris S.A. (NYSE:TS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $46.50.

TS has been the subject of several recent research reports. Barclays set a $48.00 price target on shares of Tenaris and gave the company an "overweight" rating in a research report on Tuesday, May 6th. StockNews.com upgraded Tenaris from a "hold" rating to a "buy" rating in a report on Monday, May 5th. Piper Sandler boosted their price objective on Tenaris from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Kepler Capital Markets cut shares of Tenaris from a "buy" rating to a "hold" rating in a report on Friday, January 17th. Finally, BNP Paribas assumed coverage on shares of Tenaris in a report on Tuesday, April 22nd. They set an "outperform" rating for the company.

Tenaris Stock Performance

Shares of TS traded up $0.44 during midday trading on Thursday, hitting $34.06. 896,647 shares of the stock were exchanged, compared to its average volume of 1,760,825. The firm has a market cap of $19.80 billion, a P/E ratio of 9.43 and a beta of 1.27. Tenaris has a 52-week low of $27.24 and a 52-week high of $40.87. The stock has a fifty day simple moving average of $35.32 and a 200 day simple moving average of $36.76.

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

Tenaris Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, May 21st. Investors 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 dividend payout ratio (DPR) is currently 34.15%.

Institutional Trading of Tenaris

Large investors have recently bought and sold shares of the business. Versant Capital Management Inc purchased a new position in shares of Tenaris in the 4th quarter valued at about $28,000. GAMMA Investing LLC lifted its holdings in Tenaris by 140.2% in the 4th quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 548 shares in the last quarter. Harbour Investments Inc. purchased a new stake in Tenaris in the 1st quarter worth approximately $39,000. EverSource Wealth Advisors LLC increased its stake in Tenaris by 78.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 478 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Tenaris during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 10.45% of the company's stock.

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.