Tenaris SA (NYSE:TS) shares dropped 1.6% during trading on Wednesday . The company traded as low as $26.48 and last traded at $27.22, with a volume of 1,784,124 shares trading hands. The stock had previously closed at $27.66.

TS has been the topic of a number of research analyst reports. Howard Weil increased their price objective on shares of Tenaris SA from $26.00 to $28.00 in a research note on Monday, March 28th. Morgan Stanley increased their price objective on shares of Tenaris SA from $25.00 to $34.00 and gave the company an “underweight” rating in a research note on Tuesday, April 19th. Citigroup Inc. upgraded shares of Tenaris SA from a “sell” rating to a “neutral” rating and increased their price objective for the company from $19.00 to $28.00 in a research note on Wednesday, April 20th. Credit Suisse Group AG downgraded shares of Tenaris SA from a “neutral” rating to an “underperform” rating in a research note on Monday, April 25th. Finally, Scotiabank downgraded shares of Tenaris SA from a “focus list” rating to an “outperform” rating and increased their price objective for the company from $28.00 to $31.00 in a research note on Monday, May 2nd. Four analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $28.98.

The firm’s market cap is $16.02 billion. The firm has a 50 day moving average price of $28.04 and a 200 day moving average price of $24.69.

Tenaris SA (NYSE:TS) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Equities analysts anticipate that Tenaris SA will post $0.23 EPS for the current fiscal year.

A number of large investors have bought and sold shares of the stock. I.G. Investment Management LTD. boosted its stake in Tenaris SA by 2.5% in the fourth quarter. I.G. Investment Management LTD. now owns 139,014 shares of the company’s stock worth $3,309,000 after buying an additional 3,400 shares during the period. Deere & Co. boosted its stake in Tenaris SA by 19.8% in the fourth quarter. Deere & Co. now owns 42,301 shares of the company’s stock worth $1,007,000 after buying an additional 6,990 shares during the period. Finally, Morgan Stanley boosted its stake in Tenaris SA by 47.3% in the fourth quarter. Morgan Stanley now owns 93,780 shares of the company’s stock worth $2,231,000 after buying an additional 30,130 shares during the period.

Tenaris SA is a holding company, which is a supplier of steel pipe products and related services for energy industry and other industrial applications. The Company operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods used in drilling operations, and for other industrial applications with production processes.

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