Tenaris (TS) Stock Price, News & Analysis

Company Overview

Tenaris S.A., 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. It also manufactures sucker rods used in oil extraction activities and tubes for plumbing and construction applications; and offers oilfield/hydraulic fracturing services and energy and raw materials, and financial services. The company operates in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Tenaris S.A. was founded in 2001 and is based in Luxembourg. Tenaris S.A. operates as a subsidiary of Techint Holdings S.à r.l.

Key Stats

• Today's Range: $36.72 to $37.16
• 50-Day Range: $28.31 to $37.60
• 52-Week Range: $27.24 to $40.72
• Volume: 1.18 million shs
• Average Volume: 1.74 million shs
• Market Capitalization: $21.52 billion
• P/E Ratio: 8.06
• Dividend Yield: 2.92%
• Price Target: $38.67
• Consensus Rating: Hold

Tenaris Stock Analysis - MarketRank™

Tenaris scored higher than 40% of companies evaluated by MarketBeat, and ranked 124th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Tenaris has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 2 buy ratings, 2 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Tenaris has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 0.91%

Earnings Growth

Earnings for Tenaris are expected to grow by 0.91% in the coming year, from $3.31 to $3.34 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Tenaris is 8.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tenaris is 8.06, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.97.

Price to Book Value per Share Ratio

Tenaris has a P/B Ratio of 1.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.56% of the float of Tenaris has been sold short.

Short Interest Ratio / Days to Cover

Tenaris has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tenaris has recently increased by 26.40%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Tenaris pays a meaningful dividend of 2.93%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Tenaris does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Tenaris is 23.53%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Tenaris will have a dividend payout ratio of 32.34% next year. This indicates that Tenaris will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.56% of the float of Tenaris has been sold short.

Short Interest Ratio / Days to Cover

Tenaris has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tenaris has recently increased by 26.40%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 0.97

News Sentiment

Tenaris has a news sentiment score of 0.97. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Tenaris this week, compared to 3 articles on an average week.

Search Interest

7 people have searched for TS on MarketBeat in the last 30 days. This is an increase of 600% compared to the previous 30 days.

MarketBeat Follows

2 people have added Tenaris to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Tenaris insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.20% of the stock of Tenaris is held by insiders.

Percentage Held by Institutions

Only 10.45% of the stock of Tenaris is held by institutions.

TS Stock Analysis - Frequently Asked Questions

How have TS shares performed this year?

Tenaris' stock was trading at $34.76 at the start of the year. Since then, TS shares have increased by 6.5% and is now trading at $37.01.
View the best growth stocks for 2024 here.

How were Tenaris' earnings last quarter?

Tenaris S.A. (NYSE:TS) announced its quarterly earnings data on Wednesday, July, 31st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by $0.38. The company's revenue for the quarter was down 18.5% on a year-over-year basis.

Who are Tenaris' major shareholders?

Top institutional shareholders of Tenaris include FMR LLC (0.60%), Van ECK Associates Corp (0.46%), Wellington Management Group LLP (0.44%) and Point72 Asset Management L.P. (0.18%).

How do I buy shares of Tenaris?

Shares of TS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Tenaris own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tenaris investors own include NVIDIA (NVDA), Broadcom (AVGO), Arista Networks (ANET), Meta Platforms (META), Novo Nordisk A/S (NVO), Adobe (ADBE) and Jabil (JBL).

Company Calendar

• Last Earnings: 7/31/2024
• Ex-Dividend for 11/20 Dividend: 11/19/2024
• Dividend Payable: 11/20/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Blast furnaces & steel mills
• Sub-Industry: Steel Works
• Current Symbol: NYSE:TS
• CUSIP: N/A
• CIK: 1190723
• Web: www.tenaris.com
• Phone: (522) 647-8978
• Fax: 352-2647-8979
• Employees: 29,134
• Year Founded: 2002

Price Target and Rating

• Average Stock Price Target: $38.67
• High Stock Price Target: $40.00
• Low Stock Price Target: $36.00
• Potential Upside/Downside: +4.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.59
• Trailing P/E Ratio: 8.06
• Forward P/E Ratio: 11.18
• P/E Growth: N/A
• Net Income: $3.92 billion
• Net Margins: 20.23%
• Pretax Margin: 22.02%
• Return on Equity: 15.36%
• Return on Assets: 12.49%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.65
• Quick Ratio: 2.27

Sales & Book Value

• Annual Sales: $14.87 billion
• Price / Sales: 1.45
• Cash Flow: $7.60 per share
• Price / Cash Flow: 4.87
• Book Value: $29.96 per share
• Price / Book: 1.24

Miscellaneous

• Outstanding Shares: 581,380,000
• Free Float: 580,216,000
• Market Cap: $21.52 billion
• Optionable: Optionable
• Beta: 1.43