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

TS has been the subject of a number of research analyst reports. Scotiabank downgraded Tenaris SA from a “focus list” rating to an “outperform” rating and increased their price target for the company from $28.00 to $31.00 in a research report on Monday, May 2nd. Howard Weil downgraded Tenaris SA from a “focus stock” rating to a “sector outperform” rating and increased their price target for the company from $28.00 to $31.00 in a research report on Monday, May 2nd. Raymond James Financial Inc. reissued a “hold” rating on shares of Tenaris SA in a report on Thursday, June 23rd. Goldman Sachs Group Inc. lowered Tenaris SA from a “buy” rating to a “neutral” rating in a report on Wednesday. Finally, Zacks Investment Research lowered Tenaris SA from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Four research 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.98.

The firm’s market capitalization is $15.88 billion. The stock’s 50 day moving average is $28.06 and its 200-day moving average is $24.71.

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, topping analysts’ consensus estimates of $0.02 by $0.01. On average, equities research analysts expect that Tenaris SA will post $0.23 EPS for the current fiscal year.

A hedge fund recently raised its stake in Tenaris SA stock. Deere & Co. boosted its stake in shares of Tenaris SA (NYSE:TS) by 19.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,301 shares of the company’s stock after buying an additional 6,990 shares during the period. Deere & Co.’s holdings in Tenaris SA were worth $1,007,000 at the end of the most recent quarter.

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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