Brokerages Set Tenaris S.A. (NYSE:TS) PT at $46.00

Tenaris S.A. (NYSE:TS) has received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $47.00.

TS has been the subject of a number of recent research reports. Kepler Capital Markets cut shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Barclays increased their price objective on shares of Tenaris from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Stifel Nicolaus dropped their price target on Tenaris from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday. StockNews.com downgraded Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday, March 22nd. Finally, Piper Sandler upped their target price on Tenaris from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TS. Exencial Wealth Advisors LLC increased its position in shares of Tenaris by 0.5% during the fourth quarter. Exencial Wealth Advisors LLC now owns 50,404 shares of the industrial products company’s stock valued at $1,905,000 after acquiring an additional 270 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of Tenaris by 0.4% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 97,796 shares of the industrial products company’s stock worth $3,696,000 after purchasing an additional 386 shares during the period. Signaturefd LLC increased its holdings in Tenaris by 2.3% in the 4th quarter. Signaturefd LLC now owns 18,647 shares of the industrial products company’s stock valued at $705,000 after purchasing an additional 418 shares during the last quarter. Covestor Ltd lifted its stake in Tenaris by 37.2% during the fourth quarter. Covestor Ltd now owns 1,729 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 469 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Tenaris by 78.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company’s stock worth $41,000 after buying an additional 478 shares during the period. Institutional investors and hedge funds own 10.45% of the company’s stock.

Tenaris Trading Up 1.7 %

Shares of Tenaris stock opened at $33.26 on Friday. Tenaris has a twelve month low of $27.24 and a twelve month high of $40.87. The firm has a market capitalization of $19.34 billion, a PE ratio of 9.21 and a beta of 1.21. The firm’s 50-day moving average price is $36.82 and its 200 day moving average price is $36.58.

Tenaris (NYSE:TS) last released its earnings results on Wednesday, February 19th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.31. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.71 billion. On average, sell-side analysts predict that Tenaris will post 3.14 EPS for the current fiscal year.

Tenaris Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.56 per share. The ex-dividend date is Tuesday, May 20th. This is a boost from Tenaris’s previous semi-annual dividend of $0.54. Tenaris’s dividend payout ratio is currently 31.02%.

About Tenaris

Tenaris SA, 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.