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

Shares of Tenaris S.A. (NYSE:TS - Get Free Report) have been assigned a consensus rating of "Hold" from the seven research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $45.60.

Several equities analysts recently commented on the stock. StockNews.com lowered shares of Tenaris from a "buy" rating to a "hold" rating in a research report on Saturday, March 22nd. Piper Sandler boosted their price target on Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Kepler Capital Markets lowered Tenaris from a "buy" rating to a "hold" rating in a research report on Friday, January 17th. Barclays raised their price target on shares of Tenaris from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Finally, Stifel Nicolaus dropped their price objective on shares of Tenaris from $43.00 to $41.00 and set a "buy" rating on the stock in a report on Tuesday.

Tenaris Trading Up 0.3 %

Shares of NYSE:TS traded up $0.10 during trading on Friday, reaching $32.07. The stock had a trading volume of 1,359,544 shares, compared to its average volume of 1,791,154. Tenaris has a one year low of $27.24 and a one year high of $40.87. The firm's 50-day simple moving average is $37.06 and its 200 day simple moving average is $36.59. The company has a market capitalization of $18.64 billion, a P/E ratio of 8.88 and a beta of 1.21.

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

Tenaris Increases Dividend

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

Institutional Investors Weigh In On Tenaris

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its holdings in Tenaris by 93.2% in the first quarter. Farther Finance Advisors LLC now owns 1,660 shares of the industrial products company's stock valued at $66,000 after purchasing an additional 801 shares during the period. Park Avenue Securities LLC purchased a new stake in Tenaris in the 1st quarter worth $245,000. GAMMA Investing LLC raised its position in Tenaris by 4,369.1% during the first quarter. GAMMA Investing LLC now owns 41,965 shares of the industrial products company's stock worth $1,641,000 after acquiring an additional 41,026 shares during the period. Versant Capital Management Inc lifted its holdings in Tenaris by 231.2% during the first quarter. Versant Capital Management Inc now owns 2,431 shares of the industrial products company's stock valued at $95,000 after purchasing an additional 1,697 shares in the last quarter. Finally, CSS LLC IL grew its position in shares of Tenaris by 33.4% in the fourth quarter. CSS LLC IL now owns 38,680 shares of the industrial products company's stock valued at $1,462,000 after purchasing an additional 9,680 shares during the period. 10.45% of the stock is currently owned by institutional investors and hedge funds.

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.