2 days Ago By ABMN Staff
Tenaris ( NYSE:TS – Get Free Report ) had its target price dropped by equities researchers at Stifel Nicolaus from $43.00 to $41.00 in a report released on Tuesday, Benzinga reports.
The brokerage presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 25.31% from the stock’s current price.
Other research analysts have also issued research reports about the stock. Kepler Capital Markets lowered shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Barclays raised their target price on Tenaris from $48.
00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. StockNews.
com cut Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday, March 22nd. Piper Sandler lifted their price objective on Tenaris from $48.00 to $50.
00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Finally, Bank of America lowered shares of Tenaris from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock.
Based on data from MarketBeat, Tenaris has a consensus rating of “Hold” and an average price target of $45.60. Read Our Latest Research Report on TS Tenaris Trading Up 2.
0 % Tenaris ( NYSE:TS – Get Free Report ) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
63 by $0.31. Tenaris had a net margin of 16.
26% and a return on equity of 11.76%. The firm had revenue of $2.
85 billion for the quarter, compared to the consensus estimate of $2.71 billion. Sell-side analysts predict that Tenaris will post 3.
14 earnings per share for the current fiscal year. Hedge Funds Weigh In On Tenaris A number of institutional investors have recently modified their holdings of TS. Millennium Management LLC increased its holdings in shares of Tenaris by 38.
2% in the fourth quarter. Millennium Management LLC now owns 2,816,728 shares of the industrial products company’s stock valued at $106,444,000 after purchasing an additional 778,021 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of Tenaris in the 4th quarter valued at $41,569,000.
ABC Arbitrage SA acquired a new stake in shares of Tenaris in the 4th quarter valued at $31,581,000. Medina Value Partners LLC lifted its stake in shares of Tenaris by 34.7% during the fourth quarter.
Medina Value Partners LLC now owns 566,013 shares of the industrial products company’s stock valued at $21,390,000 after acquiring an additional 145,945 shares during the period. Finally, Merewether Investment Management LP acquired a new position in shares of Tenaris during the fourth quarter valued at $20,271,000. 10.
45% of the stock is owned by institutional investors. Tenaris Company Profile ( Get Free Report ) 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.
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