Tenaris (NYSE:TS) Hits New 12-Month High – Time to Buy?

Tenaris S.A. (NYSE:TS)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $49.30 and last traded at $48.58, with a volume of 124804 shares. The stock had previously closed at $48.59.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Tenaris in a research note on Monday, December 29th. TD Cowen reiterated a “buy” rating on shares of Tenaris in a report on Wednesday, January 7th. Piper Sandler reissued a “neutral” rating on shares of Tenaris in a report on Thursday, December 18th. Oddo Bhf upgraded Tenaris to an “outperform” rating in a research report on Thursday, February 5th. Finally, Stifel Nicolaus increased their price target on shares of Tenaris from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $42.72.

Tenaris Trading Up 0.8%

The stock has a 50 day simple moving average of $42.19 and a 200 day simple moving average of $38.87. The firm has a market capitalization of $28.46 billion, a PE ratio of 13.15, a PEG ratio of 12.87 and a beta of 0.95.

Hedge Funds Weigh In On Tenaris

Hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Tenaris during the fourth quarter valued at about $48,000. Raymond James Financial Inc. bought a new position in Tenaris during the 2nd quarter valued at approximately $49,000. Advisory Services Network LLC purchased a new stake in Tenaris in the 3rd quarter worth approximately $47,000. Farther Finance Advisors LLC grew its position in shares of Tenaris by 100.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,446 shares of the industrial products company’s stock worth $52,000 after buying an additional 725 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of Tenaris by 1,066.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,505 shares of the industrial products company’s stock worth $58,000 after buying an additional 1,376 shares during the last quarter. Hedge funds and other institutional investors own 10.45% of the company’s stock.

Tenaris Company Profile

Tenaris SA is a global manufacturer and supplier of steel tubular products and related services, primarily serving the oil and gas industry as well as other energy and industrial markets. Its product portfolio centers on seamless and welded steel pipes used for casing, tubing and line pipe applications, alongside a range of specialty and mechanical steel tubes. The company also provides value‑added technical solutions, including premium connections, heat treatment and surface protection, to support drilling, completion and production activities.

Tenaris operates an integrated industrial and commercial network that combines manufacturing, distribution and field services.