Tenaris SA (NYSE:TS) has earned a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the firm. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $28.80.
TS has been the subject of a number of research analyst reports. Simmons raised Tenaris SA from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 18th. Berenberg Bank began coverage on Tenaris SA in a research note on Tuesday, October 11th. They set a “hold” rating for the company. Morgan Stanley upgraded Tenaris SA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 14th. Piper Jaffray Cos. upgraded Tenaris SA from a “neutral” rating to an “overweight” rating and set a $33.00 price objective on the stock in a report on Tuesday, October 18th. Finally, Zacks Investment Research downgraded Tenaris SA from a “hold” rating to a “sell” rating in a report on Wednesday, October 12th.
Several hedge funds have recently bought and sold shares of TS. Itau Unibanco Holding S.A. acquired a new stake in Tenaris SA during the third quarter worth $183,000. D.A. Davidson & CO. boosted its stake in Tenaris SA by 16.9% in the third quarter. D.A. Davidson & CO. now owns 12,975 shares of the company’s stock worth $367,000 after buying an additional 1,879 shares during the last quarter. Energy Opportunities Capital Management LLC boosted its stake in Tenaris SA by 17.8% in the third quarter. Energy Opportunities Capital Management LLC now owns 174,728 shares of the company’s stock worth $4,962,000 after buying an additional 26,418 shares during the last quarter. Kernodle & Katon Asset Management Group LLC acquired a new stake in Tenaris SA during the third quarter worth $129,000. Finally, D. E. Shaw & Co. Inc. boosted its stake in Tenaris SA by 47.9% in the third quarter. D. E. Shaw & Co. Inc. now owns 156,029 shares of the company’s stock worth $4,431,000 after buying an additional 50,557 shares during the last quarter. 16.10% of the stock is owned by hedge funds and other institutional investors.
Tenaris SA (NYSE:TS) traded down 2.65% during midday trading on Monday, reaching $30.48. The company’s stock had a trading volume of 1,314,794 shares. The firm has a 50 day moving average price of $29.57 and a 200-day moving average price of $27.96. Tenaris SA has a 12-month low of $18.53 and a 12-month high of $31.98. The company’s market cap is $17.99 billion.
Tenaris SA (NYSE:TS) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.05. Tenaris SA had a negative return on equity of 0.21% and a negative net margin of 0.52%. The firm earned $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company earned ($0.30) EPS. Tenaris SA’s quarterly revenue was down 32.8% compared to the same quarter last year. On average, equities research analysts predict that Tenaris SA will post $0.04 earnings per share for the current fiscal year.
The firm also recently disclosed a dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Tuesday, November 22nd were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, November 21st. Tenaris SA’s payout ratio is -1,300.00%.