Tenaris (NYSE:TS) Shares Up 3.3%

Tenaris S.A. (NYSE:TS)’s share price traded up 3.3% on Friday . The company traded as high as $23.44 and last traded at $23.43. 27,717 shares changed hands during trading, a decline of 99% from the average session volume of 2,392,037 shares. The stock had previously closed at $22.69.

Several research firms have issued reports on TS. Barclays lifted their price target on shares of Tenaris from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 7th. COKER & PALMER upgraded shares of Tenaris from a “sector perform” rating to a “sector outperform” rating in a report on Friday, November 12th. Zacks Investment Research lowered shares of Tenaris from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a research report on Friday, January 7th. JPMorgan Chase & Co. upgraded shares of Tenaris from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $23.00 to $33.00 in a research note on Monday, November 8th. Finally, Credit Suisse Group reissued an “underperform” rating on shares of Tenaris in a report on Thursday, September 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.07.

The company has a 50-day moving average price of $21.58 and a two-hundred day moving average price of $21.18. The company has a quick ratio of 1.43, a current ratio of 2.90 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $13.88 billion, a PE ratio of 15.98 and a beta of 1.78.

Tenaris (NYSE:TS) last released its quarterly earnings results on Wednesday, November 3rd. The industrial products company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.19. Tenaris had a return on equity of 7.19% and a net margin of 14.96%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.70 billion. As a group, equities analysts anticipate that Tenaris S.A. will post 1.63 EPS for the current fiscal year.

The company also recently declared a dividend, which was paid on Wednesday, November 24th. Shareholders of record on Tuesday, November 23rd were issued a $0.26 dividend. This is a positive change from Tenaris’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, November 22nd. Tenaris’s payout ratio is currently 36.62%.

Large investors have recently bought and sold shares of the business. JJJ Advisors Inc. raised its position in shares of Tenaris by 14.7% in the third quarter. JJJ Advisors Inc. now owns 3,834 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 491 shares during the period. Truist Financial Corp raised its position in shares of Tenaris by 4.9% during the 3rd quarter. Truist Financial Corp now owns 11,092 shares of the industrial products company’s stock worth $234,000 after purchasing an additional 520 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Tenaris by 1.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 58,820 shares of the industrial products company’s stock worth $1,288,000 after purchasing an additional 637 shares during the last quarter. Profund Advisors LLC raised its position in shares of Tenaris by 2.7% during the 2nd quarter. Profund Advisors LLC now owns 26,678 shares of the industrial products company’s stock worth $584,000 after purchasing an additional 714 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its position in shares of Tenaris by 7.3% during the 2nd quarter. Eagle Asset Management Inc. now owns 13,793 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 941 shares during the last quarter. 8.25% of the stock is currently owned by institutional investors.

Tenaris Company Profile (NYSE:TS)

Tenaris SA manufactures and supplies steel pipe products. The firm operates through the following business segments: Tubes and Other. The Tubes segment includes the production and sale of both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly oil country tubular goods used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products.

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