In yesterday’s Wall Street session, Tenaris S.A. (NYSE:TS) shares traded at $26.83, up 0.52% from the previous session.
19 analysts cover Tenaris S.A. (NYSE:TS), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $50.00 and a low of $30.83, we find $41.93. Given the previous closing price of $26.69, this indicates a potential upside of 57.1 percent. TS stock price is now -5.92% away from the 50-day moving average and -12.24% away from the 200-day moving average. The market capitalization of the company currently stands at $15.68B.
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The stock has received a hold rating from 4 analysts and a buy rating from 12. Brokers who have rated the stock have averaged $40.79 as their price target over the next twelve months.
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A total of 60.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TS stock. A new stake in Tenaris S.A. shares was purchased by PERPETUAL LTD during the first quarter worth $344,969,000. FORESIGHT GLOBAL INVESTORS, INC. invested $15,587,000 in shares of TS during the first quarter. In the first quarter, SPX GESTAO DE RECURSOS LTDA acquired a new stake in Tenaris S.A. valued at approximately $15,256,000. MBB PUBLIC MARKETS I LLC acquired a new stake in TS for approximately $8,690,000. TREXQUANT INVESTMENT LP purchased a new stake in TS valued at around $4,601,000 in the second quarter. In total, there are 278 active investors with 12.70% ownership of the company’s stock.
On Friday morning Tenaris S.A. (NYSE: TS) stock kicked off with the opening price of $26.98. During the past 12 months, Tenaris S.A. has had a low of $22.24 and a high of $38.00. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 3.50, and a quick ratio of 2.00. The fifty day moving average price for TS is $28.40 and a two-hundred day moving average price translates $30.57 for the stock.
The latest earnings results from Tenaris S.A. (NYSE: TS) was released for Mar, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $1.36, missing analysts’ expectations of $1.39 by -0.03. This compares to $0.85 EPS in the same period last year. The net profit margin was 23.50% and return on equity was 23.20% for TS. The company reported revenue of $4.14 billion for the quarter, compared to $2.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 74.95 percent. For the current quarter, analysts expect TS to generate $3.91B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/24/2023. Investors who held shares on 05/23/2023 were paid a $0.68 dividend. On an annualized basis, this represents a $1.02 dividend and a 3.80% percent yield. There was an ex-dividend date of 05/22/2023 for this dividend. In terms of dividend payout ratio, TS is presently at 18.90%.
Tenaris S.A.(TS) Company Profile
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. is a subsidiary of Techint Holdings S.à r.l.
