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

Tenaris S.A. (NYSE:TS) has received a consensus recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $40.75.

A number of research analysts recently weighed in on TS shares. StockNews.com raised Tenaris from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th. Stifel Nicolaus reduced their price objective on Tenaris from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Finally, Jefferies Financial Group upgraded Tenaris from a “hold” rating to a “buy” rating and increased their target price for the company from $35.00 to $47.00 in a research note on Monday, December 9th.

Tenaris Stock Up 0.2 %

TS stock opened at $38.58 on Monday. Tenaris has a twelve month low of $27.24 and a twelve month high of $40.72. The firm has a market cap of $22.43 billion, a PE ratio of 8.41 and a beta of 1.46. The business has a 50 day moving average of $35.31 and a 200 day moving average of $32.02.

Tenaris Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 20th. Shareholders of record on Tuesday, November 19th were paid 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 is 23.53%.

Institutional Trading of Tenaris

Several institutional investors have recently added to or reduced their stakes in TS. Wilmington Savings Fund Society FSB purchased a new position in shares of Tenaris in the 3rd quarter worth $67,000. World Investment Advisors LLC purchased a new position in shares of Tenaris in the 3rd quarter worth $2,200,000. Barclays PLC boosted its stake in shares of Tenaris by 30,000.0% in the 3rd quarter. Barclays PLC now owns 6,020 shares of the industrial products company’s stock worth $192,000 after buying an additional 6,000 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Tenaris by 187.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,546,184 shares of the industrial products company’s stock worth $80,943,000 after buying an additional 1,660,300 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of Tenaris by 22.7% in the 3rd quarter. Quantinno Capital Management LP now owns 32,015 shares of the industrial products company’s stock worth $1,018,000 after buying an additional 5,927 shares during the last quarter. 10.45% of the stock is currently owned by hedge funds and other institutional investors.

About Tenaris

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.