Tenaris S.A. (TS) : 7 analysts are covering Tenaris S.A. (TS) and their average rating on the stock is 3.14, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Tenaris S.A. (TS) : 6 Wall Street analysts covering Tenaris S.A. (TS) believe that the average level the stock could reach for the short term is $26.5. The maximum price target given is $34 and the minimum target for short term is around $21, hence the standard deviation is calculated at $5.09.
Company shares have received an average consensus rating of Hold for the current week Tenaris S.A. (NYSE:TS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.86 and $27.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.04, notching a gain of 0.97% for the day. The total traded volume was 1,332,921 . The stock had closed at $27.77 on the previous day.
Tenaris S.A is a holding company, which is engaged in the steel pipe manufacturing and distribution businesses. The Company produces and sells 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. It operates in geographical areas, which include North America, South America, Europe, Middle East, Africa, and Far East and Oceania. Its principal finished products are seamless and welded steel casing and tubing, line pipe and other mechanical and structural steel pipes for different uses. It also manufactures sucker rods used in oil extraction activities, industrial equipment of various specifications and applications, including liquid and gas storage equipment, and welded steel pipes for electric conduits used in the construction industry.