Tenaris S.A., together with its subsidiaries, produces and sells seamless and welded steel tubular products; and provides related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, cold-drawn pipes, and premium joints and couplings; coiled tubing products for oil and gas drilling and workovers, and subsea pipelines; and umbilical tubing products; and tubular accessories. It also provides sucker rods, industrial equipment, heat exchangers, and utility conduits for buildings, as well as sells energy and raw materials. In addition, it offers financial services. The company operates in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Tenaris S.A. was incorporated in 2001 and is based in Luxembourg, Luxembourg. Tenaris S.A. is a subsidiary of Techint Holdings S.à r.l.
Tenaris Trading Up 0.1 %
TS traded up $0.04 during trading hours on Friday, reaching $27.11. The company's stock had a trading volume of 83,614 shares, compared to its average volume of 2,198,722. Tenaris has a fifty-two week low of $18.80 and a fifty-two week high of $34.76. The business's 50-day moving average is $27.13 and its 200-day moving average is $28.49.
Tenaris Dividend Announcement
The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, June 1st. Stockholders of record on Tuesday, May 24th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, May 23rd. Tenaris's dividend payout ratio (DPR) is presently 35.90%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on TS. Piper Sandler lifted their price objective on Tenaris from $52.00 to $60.00 in a report on Friday, April 29th. Jefferies Financial Group upgraded Tenaris from a "hold" rating to a "buy" rating and raised their price objective for the company from $35.70 to $46.00 in a report on Thursday, July 7th. Barclays upped their target price on shares of Tenaris from $32.00 to $42.00 in a report on Monday, May 9th. Finally, Morgan Stanley decreased their price target on shares of Tenaris from $40.00 to $35.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 13th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Tenaris has an average rating of "Moderate Buy" and an average price target of $32.64.