Shares of Tenaris SA (NYSE:TS) have received an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the company. Four research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $29.00.
TS has been the topic of several analyst reports. Zacks Investment Research lowered shares of Tenaris SA from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Goldman Sachs Group Inc. lowered shares of Tenaris SA from a “buy” rating to a “neutral” rating in a report on Wednesday, July 20th. Finally, Raymond James Financial Inc. restated a “hold” rating on shares of Tenaris SA in a report on Thursday, June 23rd.
Tenaris SA (NYSE:TS) opened at 25.74 on Monday. Tenaris SA has a 12-month low of $18.53 and a 12-month high of $29.89. The stock’s market capitalization is $15.19 billion. The stock’s 50 day moving average is $27.55 and its 200 day moving average is $26.68.
Tenaris SA (NYSE:TS) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.04. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the business earned $0.06 earnings per share. Tenaris SA’s revenue was down 40.0% compared to the same quarter last year. Analysts forecast that Tenaris SA will post ($0.41) EPS for the current year.
Large investors have recently bought and sold shares of the company. Harding Loevner LP raised its stake in Tenaris SA by 75.4% in the second quarter. Harding Loevner LP now owns 14,720,849 shares of the company’s stock valued at $424,565,000 after buying an additional 6,329,867 shares during the period. Westwood Global Investments LLC raised its stake in Tenaris SA by 3.4% in the second quarter. Westwood Global Investments LLC now owns 6,815,282 shares of the company’s stock valued at $196,553,000 after buying an additional 221,758 shares during the period. Kiltearn Partners LLP raised its stake in Tenaris SA by 0.4% in the second quarter. Kiltearn Partners LLP now owns 4,300,300 shares of the company’s stock valued at $124,021,000 after buying an additional 18,800 shares during the period. Wellington Management Group LLP raised its stake in Tenaris SA by 7.7% in the first quarter. Wellington Management Group LLP now owns 2,982,282 shares of the company’s stock valued at $73,841,000 after buying an additional 213,755 shares during the period. Finally, Van ECK Associates Corp raised its stake in Tenaris SA by 6.2% in the second quarter. Van ECK Associates Corp now owns 1,981,600 shares of the company’s stock valued at $57,149,000 after buying an additional 115,366 shares during the period.
About Tenaris SA
Tenaris SA is a holding company, which is a supplier of steel pipe products and related services for energy industry and other industrial applications. The Company operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods used in drilling operations, and for other industrial applications with production processes.
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