Analysts Set Tenaris S.A. (NYSE:TS) Target Price at $46.00

Shares of Tenaris S.A. (NYSE:TS - Get Free Report) have earned an average recommendation of "Hold" from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $46.00.

Several equities research analysts have recently weighed in on TS shares. Stifel Nicolaus upped their target price on Tenaris from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Jefferies Financial Group raised shares of Tenaris from a "hold" rating to a "buy" rating and increased their price objective for the company from $35.00 to $47.00 in a research report on Monday, December 9th. StockNews.com cut shares of Tenaris from a "buy" rating to a "hold" rating in a research report on Saturday. Barclays raised their price target on shares of Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Finally, Kepler Capital Markets lowered shares of Tenaris from a "buy" rating to a "hold" rating in a report on Friday, January 17th.

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Tenaris Stock Performance

TS traded down $0.54 on Wednesday, reaching $39.36. 1,316,542 shares of the company's stock were exchanged, compared to its average volume of 1,739,429. The company has a market cap of $22.88 billion, a price-to-earnings ratio of 10.90 and a beta of 1.43. Tenaris has a twelve month low of $27.24 and a twelve month high of $40.73. The company's 50 day moving average is $38.27 and its 200-day moving average is $35.80.

Tenaris (NYSE:TS - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.31. Tenaris had a net margin of 16.26% and a return on equity of 11.76%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.71 billion. Sell-side analysts forecast that Tenaris will post 3.14 EPS for the current year.

Tenaris Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Tuesday, May 20th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This is a boost from Tenaris's previous semi-annual dividend of $0.54. Tenaris's payout ratio is 31.02%.

Institutional Trading of Tenaris

Institutional investors have recently bought and sold shares of the company. FMR LLC raised its holdings in Tenaris by 21.3% during the third quarter. FMR LLC now owns 3,503,644 shares of the industrial products company's stock valued at $111,381,000 after buying an additional 614,884 shares in the last quarter. Millennium Management LLC grew its position in shares of Tenaris by 38.2% in the fourth quarter. Millennium Management LLC now owns 2,816,728 shares of the industrial products company's stock valued at $106,444,000 after purchasing an additional 778,021 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Tenaris by 187.4% in the third quarter. Wellington Management Group LLP now owns 2,546,184 shares of the industrial products company's stock worth $80,943,000 after purchasing an additional 1,660,300 shares during the period. Encompass Capital Advisors LLC acquired a new position in shares of Tenaris during the 4th quarter worth about $41,569,000. Finally, Point72 Asset Management L.P. boosted its stake in Tenaris by 102.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,050,552 shares of the industrial products company's stock valued at $33,397,000 after purchasing an additional 531,860 shares during the period. Institutional investors and hedge funds own 10.45% of the company's stock.

Tenaris Company Profile

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.