Tenaris S.A. – Consensus Indicates Potential 55.4% Upside

Broker Ratings

Tenaris S.A. with ticker code (TS) now have 10 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The target price High/Low ranges between 50 and 38 and has a mean target at $45.00. Now with the previous closing price of $28.95 this now indicates there is a potential upside of 55.4%. The 50 day MA is $33.83 and the 200 day MA is $30.44. The market capitalization for the company is $17,008m. Company Website: https://www.tenaris.com

The potential market cap would be $26,437m based on the market consensus.

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Tenaris S.A., together with 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 steel casings, tubing products, mechanical and structural pipes, cold-drawn pipes, and premium joints and couplings; coiled tubing products for oil and gas drilling and workovers, and subsea pipelines; and umbilical tubing products; and tubular accessories. It also provides sucker rods, industrial equipment, heat exchangers, and utility conduits for buildings, as well as sells energy and raw materials. In addition, it offers financial services. The company operates in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Tenaris S.A. was incorporated in 2001 and is based in Luxembourg, Luxembourg. Tenaris S.A. is a subsidiary of Techint Holdings S.à r.l.

The company has a dividend yield of 3.56% with the ex dividend date set at 22-5-2023 (DMY).

Other points of data to note are a P/E ratio of 6.64, revenue per share of 4.98 and a 11.71% return on assets.

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