Tenaris S.A. (NYSE:TS) Given Consensus Recommendation of "Hold" by Analysts

Shares of Tenaris S.A. (NYSE:TS - Get Free Report) have earned a consensus rating of "Hold" from the five brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $39.00.

A number of analysts recently commented on TS shares. Piper Sandler dropped their price target on Tenaris from $43.00 to $40.00 and set an "overweight" rating on the stock in a report on Monday, July 15th. StockNews.com lowered Tenaris from a "buy" rating to a "hold" rating in a research note on Monday, August 5th. Finally, Stifel Nicolaus cut their price target on Tenaris from $42.00 to $37.00 and set a "buy" rating for the company in a research note on Tuesday, August 6th.

Institutional Trading of Tenaris

Several hedge funds have recently added to or reduced their stakes in the business. West Family Investments Inc. purchased a new stake in Tenaris during the 4th quarter valued at $218,000. Natixis Advisors L.P. raised its position in Tenaris by 7.2% during the 4th quarter. Natixis Advisors L.P. now owns 642,049 shares of the industrial products company's stock valued at $22,317,000 after purchasing an additional 43,223 shares during the last quarter. Dana Investment Advisors Inc. bought a new position in Tenaris during the 4th quarter valued at approximately $265,000. Partnership Wealth Management LLC purchased a new stake in Tenaris in the 4th quarter worth approximately $413,000. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Tenaris by 2.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 595,971 shares of the industrial products company's stock worth $20,716,000 after buying an additional 11,709 shares during the last quarter. 10.45% of the stock is owned by institutional investors.

Tenaris Trading Up 1.5 %

Shares of TS traded up $0.43 during trading hours on Friday, reaching $29.69. The stock had a trading volume of 6,441,449 shares, compared to its average volume of 2,024,229. The firm has a 50-day simple moving average of $29.87 and a 200 day simple moving average of $33.57. Tenaris has a 12 month low of $27.24 and a 12 month high of $40.72. The company has a market capitalization of $17.26 billion, a price-to-earnings ratio of 4.95 and a beta of 1.46.

Tenaris (NYSE:TS - Get Free Report) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.38). Tenaris had a return on equity of 16.12% and a net margin of 20.41%. The business had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $170.13 million. During the same period in the previous year, the firm earned $1.90 earnings per share. The company's revenue was down 18.5% on a year-over-year basis. On average, equities analysts forecast that Tenaris will post 3.37 EPS for the current year.

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.