The stock of Tenaris SA (ADR) (NYSE:TS) is a huge mover today! About 3.26 million shares traded hands or 11.26% up from the average. Tenaris SA (ADR) (NYSE:TS) has risen 10.81% since April 27, 2016 and is uptrending. It has outperformed by 5.59% the S&P500.
The move comes after 9 months positive chart setup for the $18.86B company. It was reported on Nov, 30 by Barchart.com. We have $35.26 PT which if reached, will make NYSE:TS worth $1.70 billion more.
Analysts await Tenaris SA (ADR) (NYSE:TS) to report earnings on February, 23. They expect $0.02 earnings per share, up 125.00% or $0.10 from last year’s $-0.08 per share. TS’s profit will be $11.66M for 404.38 P/E if the $0.02 EPS becomes a reality. After $0.03 actual earnings per share reported by Tenaris SA (ADR) for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.
Tenaris SA (ADR) (NYSE:TS) Ratings Coverage
Out of 14 analysts covering Tenaris SA (NYSE:TS), 6 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 43% are positive. Tenaris SA has been the topic of 23 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Tenaris SA (ADR) (NYSE:TS) has “Underweight” rating given on Thursday, February 11 by JP Morgan. The firm has “Neutral” rating given on Wednesday, July 20 by Goldman Sachs. The rating was upgraded by Simmons & Co on Tuesday, October 18 to “Overweight”. On Tuesday, September 8 the stock rating was upgraded by Bernstein to “Outperform”. Cowen & Co maintained Tenaris SA (ADR) (NYSE:TS) on Friday, August 7 with “Market Perform” rating. The stock has “Neutral” rating given by Credit Suisse on Friday, February 26. The rating was upgraded by Howard Weil on Thursday, September 17 to “Sector Outperform”. Scotia Capital upgraded Tenaris SA (ADR) (NYSE:TS) rating on Thursday, September 17. Scotia Capital has “Outperform” rating and $32 price target. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Wednesday, February 24 report. On Monday, May 2 the stock rating was downgraded by Howard Weil to “Sector Outperform”.
According to Zacks Investment Research, “Tenaris Sa, a corporation organized in Luxembourg, is a leading manufacturer and supplier of seamless steel pipe products and associated services to the oil and gas, energy and other industries. Tenaris’s operating subsidiaries include eight established steel pipe manufacturers: AlgomaTubes, Confab, Dalmine, NKKTubes, Siat, Siderca, Tamsa and Tavsa.”
Another recent and important Tenaris SA (ADR) (NYSE:TS) news was published by Marketwatch.com which published an article titled: “Tenaris SA ADR” on May 22, 2009.
TS Company Profile
Tenaris S.A., incorporated on January 9, 2002, is a holding company, which is a supplier of steel pipe products and related services for energy industry and other industrial applications. The Firm operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the gas and oil industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products. The Firm operates in geographical areas, which include North America, South America, Europe, Middle East, Africa, and Far East and Oceania.
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