Tenaris S.A. (NYSE: TS): Stock That Needs Special Handling


T. Rowe Price Associates, Inc. (I. recently announced the acquisition of new stake in Tenaris S.A. (NYSE:TS). The institutional investor has increased its shareholding in the Energy company by 55.93% to 14.86 million shares with purchase of 5.33 million shares. This fresh investment now brings its stake to 2.52% valued currently at $192.18 million. In addition, T. Rowe Price International Ltd. raised its holdings by 0.55 million to 9.57 million shares. And Renaissance Technologies LLC has lifted its position by 12.99% or 1.01 million shares – to 8.76 million shares.

With over 2.75 million Tenaris S.A. (TS) shares trading Tuesday and a closing price of $12.44 on the day, the dollar volume was approximately $34.27 million. The shares have shown a negative weekly performance of -8.39% and its price on 07/28/20 lost nearly -3.04%. Currently, there are 590.27M common shares owned by the public and among those 233.00M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 28 analysts who have offered their price forecasts for TS have a consensus price objective of $16.23. The analysts have set the share’s price value over the next 12 months at a high of $24.28 and a low of $10.87 should the stock experience a downside. Incidentally, analysts’ outlook for the Tenaris S.A. stock is 2.30 for the next 12 months. The average price target is 22.97% above its last price level and an upside to the estimated low will see the stock lose -14.44% over that period. But an upside of 48.76% will see the stock hit the forecast high price target while mean target price for the stock is $15.70.

The top 3 mutual fund holders in Tenaris S.A. are T Rowe Price Emerging Markets Sto, T Rowe Price International Value, and Artisan International Value Fund. T Rowe Price Emerging Markets Sto owns 3.89 million shares of the company’s stock, all valued at over $50.23 million. The company sold -0.45 million shares recently to bring their total holdings to about 0.66% of the shares outstanding. T Rowe Price International Value bought 0.88 million shares to see its total holdings expand to 3.71 million shares valued at over $47.94 million and representing 0.63% of the shares outstanding. Artisan International Value Fund sold -0.12 million shares to bring its total holdings to over 2.55 million shares at a value of $32.97 million. Artisan International Value Fund now owns shares totaling to 0.43% of the shares outstanding.

Shares of Tenaris S.A. (NYSE: TS) opened at $12.71, down -$0.12 from a prior closing price of $12.83. However, the script later closed the day at $12.44, down -3.04%. The company’s stock has a 5-day price change of -8.39% and -4.67% over the past three months. TS shares are trading -45.05% year to date (YTD), with the 12-month market performance down to -50.26% lower. It has a 12-month low price of $9.10 and touched a high of $25.46 over the same period. Currently, 2.75 million shares have been traded, compared to an average intraday trading volume of 1.63 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.08%, -6.81%, and -27.66% respectively.

Institutional ownership of Tenaris S.A. (NYSE: TS) shares accounts for 13.90% of the company’s 590.27M shares outstanding. Mutual fund holders own 4.73%, while other institutional holders and individual stakeholders account for 8.89% and — respectively.

It has a market capitalization of $7.44B and a beta (3y monthly) value of 1.42. The earnings-per-share (ttm) stands at -$0.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.38% over the week and 2.62% over the month.

Analysts forecast that Tenaris S.A. (TS) will achieve an EPS of -$0.06 for the current quarter, -$0.04 for the next quarter and $0.14 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.13 while analysts give the company a high EPS estimate of $0.08. Comparatively, EPS for the current quarter was $0.41 a year ago. Earnings per share for the fiscal year are expected to decrease by -15.20%, and 300.00% over the next financial year. EPS should grow at an annualized rate of -8.30% over the next five years, compared to -8.30% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 28 brokerage firm advisors rate Tenaris S.A. (TS) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 9 Wall Street analysts polled rate the stock as a buy, while 12 of the 28 advise that investors “hold,” and 2 rated it as a “Sell.”

Looking at the support for the TS, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on June 22, 2020, with the firm’s price target at $17. Jefferies coverage for the Tenaris S.A. (TS) stock in a research note released on May 04, 2020 offered a Hold rating with a price target of. Kepler was of a view on April 20, 2020 that the stock is Hold, while Piper Sandler gave the stock Neutral rating on March 13, 2020, issuing a price target of. Evercore ISI on their part issued In-line rating on March 09, 2020.


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