Tenaris (NYSE:TS) Reaches New 1-Year High – What’s Next?

Tenaris S.A. (NYSE:TS)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $47.59 and last traded at $47.47, with a volume of 821182 shares. The stock had previously closed at $46.91.

Analysts Set New Price Targets

TS has been the topic of several recent analyst reports. TD Cowen reiterated a “buy” rating on shares of Tenaris in a research report on Wednesday, January 7th. Wall Street Zen raised Tenaris from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Stifel Nicolaus increased their price objective on Tenaris from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Piper Sandler restated a “neutral” rating on shares of Tenaris in a research report on Thursday, December 18th. Finally, Morgan Stanley set a $38.00 price target on shares of Tenaris and gave the stock an “underweight” rating in a research note on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Tenaris has a consensus rating of “Hold” and a consensus price target of $42.72.

Tenaris Price Performance

The firm has a market cap of $27.60 billion, a PE ratio of 12.76, a PEG ratio of 12.43 and a beta of 0.95. The business has a 50-day moving average price of $41.46 and a two-hundred day moving average price of $38.49.

Institutional Trading of Tenaris

Several large investors have recently modified their holdings of the business. Hantz Financial Services Inc. raised its position in shares of Tenaris by 64.9% during the 4th quarter. Hantz Financial Services Inc. now owns 15,517 shares of the industrial products company’s stock worth $597,000 after purchasing an additional 6,108 shares during the last quarter. Beck Bode LLC acquired a new position in shares of Tenaris in the fourth quarter worth $742,000. Cadence Wealth Management LLC lifted its position in shares of Tenaris by 2.9% in the fourth quarter. Cadence Wealth Management LLC now owns 22,012 shares of the industrial products company’s stock valued at $846,000 after acquiring an additional 619 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Tenaris by 1,066.7% during the fourth quarter. Global Retirement Partners LLC now owns 1,505 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 1,376 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its position in Tenaris by 4,675.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,576 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 1,543 shares in the last quarter. 10.45% of the stock is currently owned by institutional investors and hedge funds.

About Tenaris

Tenaris SA is a global manufacturer and supplier of steel tubular products and related services, primarily serving the oil and gas industry as well as other energy and industrial markets. Its product portfolio centers on seamless and welded steel pipes used for casing, tubing and line pipe applications, alongside a range of specialty and mechanical steel tubes. The company also provides value‑added technical solutions, including premium connections, heat treatment and surface protection, to support drilling, completion and production activities.

Tenaris operates an integrated industrial and commercial network that combines manufacturing, distribution and field services.