Tenaris (NYSE:TS) – Investment analysts at Capital One Financial lifted their Q2 2018 earnings per share estimates for Tenaris in a research note issued to investors on Friday, April 13th. Capital One Financial analyst J. Gibney now anticipates that the industrial products company will earn $0.36 per share for the quarter, up from their previous forecast of $0.33. Capital One Financial has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for Tenaris’ Q4 2018 earnings at $0.44 EPS.

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A number of other analysts have also commented on TS. Barclays started coverage on shares of Tenaris in a research note on Wednesday, December 20th. They set an “overweight” rating and a $39.00 price target for the company. Zacks Investment Research raised shares of Tenaris from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective on the stock in a report on Friday, January 5th. Cowen set a $33.00 price objective on shares of Tenaris and gave the stock a “hold” rating in a report on Thursday, January 11th. Credit Suisse Group raised shares of Tenaris from an “underperform” rating to a “neutral” rating in a report on Monday, January 15th. Finally, JPMorgan Chase reaffirmed a “neutral” rating and set a $34.50 price objective (up from $33.00) on shares of Tenaris in a report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $39.08.

Shares of TS stock opened at $36.85 on Monday. The firm has a market cap of $21,704.15, a price-to-earnings ratio of 47.86 and a beta of 0.71. Tenaris has a 12 month low of $25.91 and a 12 month high of $37.56.

Tenaris (NYSE:TS) last announced its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.06. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.49 billion. Tenaris had a net margin of 10.30% and a return on equity of 3.92%.

Institutional investors and hedge funds have recently bought and sold shares of the business. FNY Partners Fund LP boosted its holdings in shares of Tenaris by 317.5% in the 4th quarter. FNY Partners Fund LP now owns 444,600 shares of the industrial products company’s stock worth $14,164,000 after buying an additional 338,100 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new position in shares of Tenaris in the 4th quarter worth about $2,136,000. Lazard Asset Management LLC boosted its holdings in shares of Tenaris by 2.0% in the 4th quarter. Lazard Asset Management LLC now owns 188,343 shares of the industrial products company’s stock worth $6,000,000 after buying an additional 3,668 shares during the last quarter. Comerica Bank boosted its holdings in shares of Tenaris by 4.5% in the 4th quarter. Comerica Bank now owns 42,004 shares of the industrial products company’s stock worth $1,503,000 after buying an additional 1,825 shares during the last quarter. Finally, Fox Run Management L.L.C. boosted its holdings in shares of Tenaris by 35.8% in the 4th quarter. Fox Run Management L.L.C. now owns 22,000 shares of the industrial products company’s stock worth $701,000 after buying an additional 5,800 shares during the last quarter. 12.91% of the stock is currently owned by hedge funds and other institutional investors.

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Tenaris Company Profile

Tenaris SA 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 products for oil and gas drilling operations, such as casing and tubing products, premium connections, drill pipes, coiled tubing, hot-rolled and cold-drawn seamless tubes, tubular and non-tubular accessories, and devices.

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