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

Tenaris S.A. (NYSE:TS - Get Free Report) has received an average rating of "Hold" from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $40.75.

Several equities analysts have recently issued reports on TS shares. Stifel Nicolaus reduced their price objective on Tenaris from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Friday, October 11th. Jefferies Financial Group upgraded Tenaris from a "hold" rating to a "buy" rating and boosted their price target for the stock from $35.00 to $47.00 in a research report on Monday. Finally, StockNews.com raised Tenaris from a "hold" rating to a "buy" rating in a research note on Wednesday, November 27th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TS. QRG Capital Management Inc. lifted its stake in Tenaris by 7.3% during the second quarter. QRG Capital Management Inc. now owns 31,200 shares of the industrial products company's stock valued at $952,000 after purchasing an additional 2,120 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Tenaris by 26.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 37,048 shares of the industrial products company's stock worth $1,131,000 after acquiring an additional 7,790 shares in the last quarter. Naples Global Advisors LLC acquired a new position in shares of Tenaris in the 2nd quarter worth $233,000. Blue Trust Inc. raised its position in shares of Tenaris by 79.0% during the second quarter. Blue Trust Inc. now owns 3,588 shares of the industrial products company's stock worth $110,000 after purchasing an additional 1,583 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of Tenaris by 1.1% during the second quarter. Raymond James & Associates now owns 145,228 shares of the industrial products company's stock valued at $4,432,000 after purchasing an additional 1,537 shares during the last quarter. Institutional investors own 10.45% of the company's stock.

Tenaris Trading Up 3.0 %

NYSE:TS traded up $1.14 during mid-day trading on Monday, hitting $38.91. The stock had a trading volume of 1,435,995 shares, compared to its average volume of 1,931,446. The company has a 50 day simple moving average of $34.67 and a 200-day simple moving average of $31.84. The stock has a market capitalization of $22.62 billion, a price-to-earnings ratio of 8.23 and a beta of 1.46. Tenaris has a 52 week low of $27.24 and a 52 week high of $40.72.

Tenaris Cuts Dividend

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

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.