Tenaris S.A. (NYSE:TS) Receives Consensus Rating of “Hold” from Analysts

Tenaris S.A. (NYSE:TS) has earned an average recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $42.72.

A number of research analysts have weighed in on the stock. Piper Sandler reaffirmed a “neutral” rating on shares of Tenaris in a report on Thursday, December 18th. TD Cowen restated a “buy” rating on shares of Tenaris in a research note on Wednesday, January 7th. The Goldman Sachs Group started coverage on Tenaris in a research report on Monday, December 15th. They set a “neutral” rating and a $43.60 price target on the stock. Morgan Stanley set a $38.00 price objective on Tenaris and gave the company an “underweight” rating in a research report on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tenaris in a research note on Monday, December 29th.

Tenaris Price Performance

Shares of NYSE TS opened at $48.67 on Friday. The stock has a market capitalization of $28.30 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 12.54 and a beta of 0.95. The firm’s 50 day simple moving average is $41.76 and its 200-day simple moving average is $38.62. Tenaris has a 12 month low of $30.06 and a 12 month high of $48.72.

Hedge Funds Weigh In On Tenaris

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sourcerock Group LLC boosted its holdings in Tenaris by 25.9% in the 2nd quarter. Sourcerock Group LLC now owns 3,086,075 shares of the industrial products company’s stock worth $115,419,000 after buying an additional 635,817 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Tenaris by 1.7% in the third quarter. Wellington Management Group LLP now owns 2,135,993 shares of the industrial products company’s stock valued at $76,404,000 after acquiring an additional 36,718 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Tenaris by 3.1% in the second quarter. Balyasny Asset Management L.P. now owns 1,767,924 shares of the industrial products company’s stock valued at $66,120,000 after acquiring an additional 53,155 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Tenaris by 20.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,134,260 shares of the industrial products company’s stock worth $40,572,000 after acquiring an additional 192,794 shares during the last quarter. Finally, Optiver Holding B.V. increased its position in shares of Tenaris by 186.8% during the third quarter. Optiver Holding B.V. now owns 905,328 shares of the industrial products company’s stock worth $32,384,000 after purchasing an additional 589,625 shares in the last quarter. 10.45% of the stock is owned by hedge funds and other institutional investors.

Tenaris Company Profile

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.