Tenaris SA (NYSE:TS) has been given an average rating of “Hold” by the sixteen research firms that are covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $17.15.

TS has been the subject of several research analyst reports. Cheuvreux cut shares of Tenaris from a “buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Investment Research upgraded shares of Tenaris from a “sell” rating to a “hold” rating in a report on Saturday, February 29th. Morgan Stanley raised shares of Tenaris from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $25.00 to $16.00 in a research report on Monday, March 16th. Piper Sandler boosted their price objective on shares of Tenaris from $13.50 to $14.50 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. Finally, Kepler Capital Markets reissued a “hold” rating and issued a $7.00 price objective on shares of Tenaris in a research report on Friday, May 1st.

A number of hedge funds and other institutional investors have recently bought and sold shares of TS. Renaissance Technologies LLC raised its position in Tenaris by 53.8% during the fourth quarter. Renaissance Technologies LLC now owns 7,751,800 shares of the industrial products company’s stock worth $175,501,000 after acquiring an additional 2,711,800 shares in the last quarter. Luminus Management LLC raised its position in Tenaris by 6,919.7% during the first quarter. Luminus Management LLC now owns 1,663,674 shares of the industrial products company’s stock worth $20,047,000 after acquiring an additional 1,639,974 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in Tenaris during the first quarter worth $10,832,000. Bogle Investment Management L P DE raised its position in Tenaris by 351.8% during the first quarter. Bogle Investment Management L P DE now owns 723,727 shares of the industrial products company’s stock worth $8,721,000 after acquiring an additional 563,548 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Tenaris in the fourth quarter valued at $6,568,000. 11.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tenaris stock traded up $0.84 on Friday, hitting $14.45. The company had a trading volume of 203,287 shares, compared to its average volume of 1,512,156. The firm has a market capitalization of $7.75 billion, a P/E ratio of -53.41 and a beta of 1.44. Tenaris has a twelve month low of $9.10 and a twelve month high of $27.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.96 and a quick ratio of 1.55. The stock has a 50-day moving average of $12.81 and a 200-day moving average of $17.68.

Tenaris Company Profile

Tenaris SA, through its subsidiaries, produces and sells seamless and welded steel tubular products; and provides related services for the oil and gas industry, and other industrial applications. The company offers products for oil and gas drilling operations, such as casing and tubing products, premium connections, drill pipes, coiled tubing, hot-rolled and cold-drawn seamless tubes, perforating guns, tubular accessories, and non-tubular accessories and devices.

Featured Article: What are the risks of holding treasury bonds?

Analyst Recommendations for Tenaris (NYSE:TS)

Receive News & Ratings for Tenaris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenaris and related companies with MarketBeat.com's FREE daily email newsletter.