Tenaris (NYSE:TS) Reaches New 1-Year High – Still a Buy?

Tenaris S.A. (NYSE:TS)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $46.36 and last traded at $46.3150, with a volume of 1405571 shares trading hands. The stock had previously closed at $44.67.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Piper Sandler restated a “neutral” rating on shares of Tenaris in a report on Thursday, December 18th. Oddo Bhf raised shares of Tenaris to an “outperform” rating in a research report on Thursday. TD Cowen restated a “buy” rating on shares of Tenaris in a research note on Wednesday, January 7th. BNP Paribas Exane cut Tenaris from an “outperform” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Wall Street Zen raised Tenaris from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $42.72.

Tenaris Stock Up 2.1%

The stock has a fifty day moving average price of $41.32 and a 200-day moving average price of $38.42. The firm has a market cap of $27.28 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 12.29 and a beta of 0.95.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new stake in Tenaris in the 2nd quarter valued at approximately $28,000. Blue Trust Inc. lifted its holdings in shares of Tenaris by 48.8% in the 2nd quarter. Blue Trust Inc. now owns 1,088 shares of the industrial products company’s stock valued at $41,000 after buying an additional 357 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Tenaris in the 3rd quarter valued at approximately $47,000. Raymond James Financial Inc. purchased a new stake in shares of Tenaris in the second quarter valued at approximately $49,000. Finally, Farther Finance Advisors LLC grew its holdings in Tenaris by 100.6% during the third quarter. Farther Finance Advisors LLC now owns 1,446 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 725 shares during the period. 10.45% of the stock is owned by hedge funds and other institutional investors.

About Tenaris

Tenaris SA is a global manufacturer and supplier of steel tubular products and related services, primarily serving the oil and gas industry as well as other energy and industrial markets. Its product portfolio centers on seamless and welded steel pipes used for casing, tubing and line pipe applications, alongside a range of specialty and mechanical steel tubes. The company also provides value‑added technical solutions, including premium connections, heat treatment and surface protection, to support drilling, completion and production activities.

Tenaris operates an integrated industrial and commercial network that combines manufacturing, distribution and field services.