Tenaris S.A. (NYSE:TS) Receives Average Recommendation of “Hold” from Analysts

Tenaris S.A. (NYSE:TS) has been given an average rating of “Hold” by the five research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $38.67.

A number of research firms recently commented on TS. StockNews.com cut Tenaris from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus lowered their price target on shares of Tenaris from $37.00 to $36.00 and set a “buy” rating for the company in a report on Friday, October 11th.

Tenaris Stock Performance

Shares of NYSE:TS opened at $37.01 on Thursday. The business’s fifty day moving average price is $32.66 and its two-hundred day moving average price is $31.56. The stock has a market cap of $21.52 billion, a PE ratio of 8.06 and a beta of 1.43. Tenaris has a one year low of $27.24 and a one year high of $40.72.

Tenaris Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 20th. Investors of record on Tuesday, November 19th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a yield of 3.6%. Tenaris’s dividend payout ratio (DPR) is presently 34.86%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Tenaris in the first quarter worth approximately $293,000. Sei Investments Co. boosted its holdings in shares of Tenaris by 133.2% in the 1st quarter. Sei Investments Co. now owns 63,694 shares of the industrial products company’s stock valued at $2,501,000 after purchasing an additional 36,380 shares during the last quarter. Headlands Technologies LLC boosted its holdings in shares of Tenaris by 1,486.0% in the 1st quarter. Headlands Technologies LLC now owns 1,586 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 1,486 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Tenaris during the 1st quarter valued at $1,142,000. Finally, US Bancorp DE increased its holdings in shares of Tenaris by 542.1% during the 1st quarter. US Bancorp DE now owns 86,351 shares of the industrial products company’s stock worth $3,391,000 after buying an additional 72,902 shares during the last quarter. Institutional investors and hedge funds own 10.45% of the company’s stock.

Tenaris Company Profile

Tenaris SA, together with its subsidiaries, 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 steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.