Tenaris (TS) to Release Quarterly Earnings on Wednesday

Tenaris (NYSE:TS - Get Free Report) is anticipated to release its earnings data before the market opens on Wednesday, February 19th. Analysts expect Tenaris to post earnings of $0.63 per share and revenue of $2.71 billion for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Tenaris Price Performance

Shares of TS traded up $0.12 during midday trading on Friday, hitting $38.61. The stock had a trading volume of 1,402,203 shares, compared to its average volume of 1,322,892. The firm has a market cap of $22.44 billion, a price-to-earnings ratio of 8.41 and a beta of 1.44. The company has a 50 day simple moving average of $38.32 and a two-hundred day simple moving average of $34.17. Tenaris has a twelve month low of $27.24 and a twelve month high of $40.72.

Wall Street Analyst Weigh In

Several research firms have commented on TS. Piper Sandler assumed coverage on Tenaris in a research note on Thursday, December 19th. They issued an "overweight" rating and a $48.00 target price on the stock. Jefferies Financial Group raised shares of Tenaris from a "hold" rating to a "buy" rating and raised their target price 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 Tuesday. Bank of America cut Tenaris from a "neutral" rating to an "underperform" rating in a report on Wednesday, January 29th. Finally, Kepler Capital Markets lowered Tenaris from a "buy" rating to a "hold" rating in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Tenaris presently has an average rating of "Hold" and an average target price of $42.75.

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.