Tenaris S.A. (NYSE:TS) Receives $38.67 Average PT from Analysts

Tenaris S.A. (NYSE:TS - Get Free Report) has received a consensus rating of "Hold" from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $38.67.

Several brokerages have recently commented on TS. Stifel Nicolaus decreased their price target on Tenaris from $37.00 to $36.00 and set a "buy" rating on the stock in a research note on Friday, October 11th. StockNews.com upgraded shares of Tenaris from a "hold" rating to a "buy" rating in a research note on Friday, November 8th.

Tenaris Trading Up 0.5 %

Tenaris stock traded up $0.17 during midday trading on Thursday, hitting $36.96. 1,123,980 shares of the stock were exchanged, compared to its average volume of 1,975,934. The stock's 50-day simple moving average is $31.80 and its 200 day simple moving average is $31.44. Tenaris has a fifty-two week low of $27.24 and a fifty-two week high of $40.72. The stock has a market capitalization of $21.49 billion, a price-to-earnings ratio of 8.02 and a beta of 1.43.

Tenaris Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Tuesday, November 19th will be issued a $0.54 dividend. This represents a yield of 3.6%. The ex-dividend date is Tuesday, November 19th. Tenaris's dividend payout ratio is presently 34.86%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC increased its holdings in shares of Tenaris by 93.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 39,128 shares of the industrial products company's stock valued at $1,537,000 after purchasing an additional 18,935 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Tenaris by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,782,729 shares of the industrial products company's stock worth $70,009,000 after acquiring an additional 56,935 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Tenaris in the 2nd quarter worth approximately $1,518,000. Sei Investments Co. increased its stake in Tenaris by 133.2% in the 1st quarter. Sei Investments Co. now owns 63,694 shares of the industrial products company's stock valued at $2,501,000 after purchasing an additional 36,380 shares in the last quarter. Finally, Kiltearn Partners LLP boosted its position in Tenaris by 49.9% during the first quarter. Kiltearn Partners LLP now owns 743,959 shares of the industrial products company's stock worth $29,379,000 after purchasing an additional 247,559 shares in the last quarter. 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.