Tenaris (NYSE:TS) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Tenaris S.A. (NYSE:TS - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.44 and traded as high as $37.79. Tenaris shares last traded at $37.60, with a volume of 944,092 shares.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TS. StockNews.com raised Tenaris from a "hold" rating to a "buy" rating in a report on Wednesday, November 27th. Jefferies Financial Group upgraded Tenaris from a "hold" rating to a "buy" rating and lifted their price target for the company from $35.00 to $47.00 in a research note on Monday, December 9th. Piper Sandler began coverage on Tenaris in a research report on Thursday, December 19th. They issued an "overweight" rating and a $48.00 price objective for the company. Finally, Stifel Nicolaus decreased their target price on shares of Tenaris from $37.00 to $36.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $42.75.

Tenaris Stock Performance

The firm has a market cap of $21.97 billion, a price-to-earnings ratio of 8.23 and a beta of 1.46. The business has a fifty day moving average of $36.69 and a two-hundred day moving average of $32.49.

Tenaris Cuts Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 20th. Stockholders of record on Tuesday, November 19th were paid a dividend of $0.54 per share. This represents a dividend yield of 3.6%. The ex-dividend date was Tuesday, November 19th. Tenaris's dividend payout ratio (DPR) is presently 23.53%.

Institutional Trading of Tenaris

Institutional investors and hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC raised its position in shares of Tenaris by 69.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 482,376 shares of the industrial products company's stock worth $14,722,000 after purchasing an additional 198,128 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Tenaris during the 2nd quarter worth about $2,822,000. Mediolanum International Funds Ltd acquired a new position in Tenaris in the 3rd quarter valued at about $17,129,000. Headlands Technologies LLC boosted its stake in shares of Tenaris by 1,885.8% during the 2nd quarter. Headlands Technologies LLC now owns 31,494 shares of the industrial products company's stock worth $961,000 after purchasing an additional 29,908 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Tenaris during the third quarter worth about $380,000. Hedge funds and other institutional investors 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.