TS - Tenaris S.A.

NYSE - NYSE Delayed Price. Currency in USD
12.32
-0.32 (-2.53%)
At close: 4:02PM EDT
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Previous Close12.64
Open12.21
Bid0.00 x 1800
Ask0.00 x 900
Day's Range12.11 - 12.44
52 Week Range9.10 - 30.32
Volume5,551,307
Avg. Volume3,074,612
Market Cap7.117B
Beta (5Y Monthly)0.99
PE Ratio (TTM)9.79
EPS (TTM)1.26
Earnings DateN/A
Forward Dividend & Yield0.82 (6.49%)
Ex-Dividend DateMay 17, 2020
1y Target Est19.75
  • Tenaris Postpones Annual General Meeting of Shareholders
    GlobeNewswire

    Tenaris Postpones Annual General Meeting of Shareholders

    Tenaris S.A. (NYSE and Mexico: TS and MTA Italy: TEN) announced today that, in light of the current uncertainty around the extent and timing of the future spread of COVID-19, the imposition or relaxation of protective measures adopted in response to the pandemic, and their effect on the energy industry generally and the Company’s business in particular, its board of directors has resolved to postpone the Company’s annual general meeting of shareholders originally planned to be held in Luxembourg on 30th April 2020.

  • Rigzone.com

    Tenaris Cutting 900+ Employees

    Tenaris is cutting more than 900 employees in the United States due to the sharp decline in the price of oil.

  • Pipe manufacturing co. laying off hundreds in Houston, elsewhere amid low oil prices
    American City Business Journals

    Pipe manufacturing co. laying off hundreds in Houston, elsewhere amid low oil prices

    Tenaris is reducing operations and laying off a combined 900 employees across multiple U.S. sites in response to low oil prices.

  • Here is What Hedge Funds Thought About Tenaris S.A.  (TS) Before The Coronavirus
    Insider Monkey

    Here is What Hedge Funds Thought About Tenaris S.A. (TS) Before The Coronavirus

    Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

  • Tenaris Announces 2019 Fourth Quarter and Annual Results
    GlobeNewswire

    Tenaris Announces 2019 Fourth Quarter and Annual Results

    The financial and operational information contained in this press release is based on audited consolidated financial statements presented in U.S. dollars and prepared in.

  • Tenaris’s Board of Directors Provides Full Support to its Chairman and Chief Executive Officer and two other Directors
    GlobeNewswire

    Tenaris’s Board of Directors Provides Full Support to its Chairman and Chief Executive Officer and two other Directors

    Tenaris has been advised that the Italian court overseeing the investigation into alleged improper payments made in Brazil for the supposed benefit of Confab Industrial S.A., a Brazilian subsidiary of the Company, has decided to move the case to trial. The case involves Chairman and Chief Executive Officer Paolo Rocca and Board members Gianfelice Rocca and Roberto Bonatti, and the Company’s controlling shareholder, San Faustin S.A.

  • UPDATED: NKY manufacturer to lay off 114 following acquisition
    American City Business Journals

    UPDATED: NKY manufacturer to lay off 114 following acquisition

    A Northern Kentucky steel manufacturer is laying off 114 following the company's acquisition by a Luxembourg firm.

  • Moody's

    TMK Capital S.A. -- Moody's changes outlook on TMK's B1 ratings to positive from stable; affirms ratings

    Moody's Investors Service ("Moody's") has today affirmed the B1 corporate family rating (CFR), B1-PD probability of default rating (PDR) of PAO TMK (TMK), one of the world's largest producers of steel pipe products for the oil and gas industry. Concurrently Moody's affirmed the B1 senior unsecured rating of the notes issued by TMK Capital S.A., a wholly owned subsidiary of TMK.

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  • Barrons.com

    2 Oil-Services Stocks to Own and 8 to Avoid, According to an Analyst

    Bernstein analyst Nicholas Green argues that investors should indeed put money to work in the oil-services sector. He said some companies offer enormous opportunities to savvy investors.

  • ACCESSWIRE

    SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Tenaris S.A. of Class Action Lawsuit and Upcoming Deadline - TS

    NEW YORK, NY / ACCESSWIRE / January 13, 2019 / Pomerantz LLP announces that a class action lawsuit has been filed against, Tenaris S.A. ("Tenaris" or the "Company") (TS) and certain of its officers. The class action, filed in United States District Court, Eastern District of New York, and indexed under 19-cv-00174, is on behalf of a class consisting of all persons and entities, other than Defendants and their affiliates, who purchased or otherwise, acquired Tenaris securities between May 1, 2014 through November 27, 2018, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

  • Rigzone.com

    Tenaris Embarks on US Expansion

    Tenaris S.A. has acquired U.S. steel pipe manufacturer IPSCO Tubulars, Inc. from PAO TMK for nearly $1.1 billion in cash.

  • Tenaris completes acquisition of IPSCO Tubulars from TMK
    GlobeNewswire

    Tenaris completes acquisition of IPSCO Tubulars from TMK

    Tenaris S.A. (NYSE, Mexico: TS and MTA Italy: TEN) announced today the completion of its previously announced acquisition of IPSCO Tubulars, Inc., a U.S. manufacturer of steel pipe, from PAO TMK. The acquisition price was determined on a cash-free, debt-free basis, and the final amount paid in cash, following contractual adjustments, was US$1,067 million (including approximately US$220 million in working capital). Tenaris will consolidate IPSCO’s balance sheet and results of operations in its consolidated financial statements beginning in the first quarter of 2020.

  • U.S. Department of Justice clears Tenaris’s acquisition of IPSCO Tubulars from TMK
    GlobeNewswire

    U.S. Department of Justice clears Tenaris’s acquisition of IPSCO Tubulars from TMK

    Tenaris S.A. (NYSE, Mexico: TS and MTA Italy: TEN) announced today that the U.S. Department of Justice (DOJ) has closed its investigation of Tenaris’s proposed acquisition of IPSCO Tubulars, Inc. from PAO TMK, a Russian company and manufacturer of steel pipe. The proposed acquisition was entered into on March 22, 2019 pursuant to a Stock Purchase Agreement between a wholly owned subsidiary of Tenaris and PAO TMK.

  • Here is What Hedge Funds Think About Tenaris S.A. (TS)
    Insider Monkey

    Here is What Hedge Funds Think About Tenaris S.A. (TS)

    Hedge funds are known to underperform the bull markets but that's not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […]

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  • 3 Undervalued Stocks Offering Juicier Dividend Yields Than S&P 500
    TipRanks

    3 Undervalued Stocks Offering Juicier Dividend Yields Than S&P 500

    The market rally is alive and well. Following the Federal Reserve’s third rate cut this year, the S&P 500 moved higher on Wednesday. This is on top of the 2% gain the index has already seen since market close on October 22. Bearing this in mind, investors are looking for ways to capitalize on the market’s upward momentum.Analysts suggest that investors seek out the stocks that can reliably generate profits and reward investors with consistent payouts, namely dividend stocks. That being said, it should be noted that not all dividend stocks are created equal, with some offering significantly higher yields than others.So how are investors supposed to determine which dividend names represent the most compelling investments? We recommend using TipRanks’ Stock Screener. The tool helped us pinpoint 3 Buy-rated names that each boast a dividend yield of more than 5%, while the average dividend yield of the S&P 500 stands at 1.85%.Plains All American Pipeline (PAA)Plains All American specializes in the transportation, logistics and storage of crude oil, with its primary focus being the Permian Basin, a large and resource rich region spanning the southwestern part of the U.S. Despite the fact that shares have been hurting recently, the Street’s pros see gains stemming from the Permian business as well as new projects.While concerns have been expressed regarding the overbuilding of the Permian Basin, PAA’s Permian pipes have continued to sustain a solid level of contracts. Not to mention PAA is actively participating in the construction of new Capine, Red Oak and Wink-Webster pipes through its partnerships with major refining companies. These partnerships include the likes of Phillips 66, which PAA joined forces with back in June to build the Red Oak pipeline system.With the company on a steady growth path, part of its appeal lies in its ability to maintain a stable dividend. PAA consistently rewards investors, with its annual payout of $1.44 per share putting the dividend yield at 7.75%.Steve Fleishman of Wolfe Research told clients that all of the above lends itself to his bullish thesis. “The company offers well above average growth both organically through its Permian-focused business and through several large new capital projects where PAA has partnered with large refining companies,” the analyst explained. Fleishman added that PAA’s strong balance sheet is “now one of the best in the sector."Fleishman rates PAA an Overweight along with a $27 price target, which implies about 50% upside from current levels. (To watch Fleishman’s track record, click here)Similarly, the rest of the Street is in favor of this dividend stock. 6 "buy" ratings vs 2 "holds" assigned in the last three months give it a ‘Strong Buy’ analyst consensus. Additionally, its $26 average price target implies about 44% upside potential. (See PAA stock analysis on TipRanks)Philip Morris (PM)While best known for its tobacco brands like Marlboro, Philip Morris is captivating investors thanks to its iQOS products. iQOS is an electronic tobacco heating system, differing from traditional cigarettes in that it doesn’t burn the tobacco when it’s smoked.iQOS is the only FDA-authorized reduced-risk product (RRP) allowed to sell mint and menthol flavors, giving it a significant competitive advantage in the U.S. The mint/menthol flavor plays a key role in adult smoker conversion as menthol makes up about 35% of total combust cigarette volume. The tobacco product’s potential isn’t limited to the U.S. iQOS’ launch in the EU only covers about half of the region’s population, leaving plenty of the market untapped. Not to mention there is a substantial opportunity to capture the market in Russia.That being said, PM’s strength as a dividend stock can’t be ignored. Shareholders that get onboard now can expect a substantial reward. It offers the largest annualized payout out of all the names on our list, $4.68 per share to be exact. AdditionallyAll of this prompted top analyst, Wells Fargo’s Bonnie Herzog, to reaffirm her Bullish stance on PM. While she lowered her price target from $102 to $100, the four-star analyst is confident the company can deliver reliable returns, with the upside potential still coming in at a respectable 22%. “Given PM’s superior profit, existing infrastructure, capital strength, strong free cash flow, attractive 5%-plus dividend yield, leading global brand portfolio including Marlboro and deep management team with superior knowledge of the global tobacco industry, we expect the stock to outperform over the next 12 months,” she commented. (To watch Herzog’s track record, click here)The rest of the Street is slightly more cautious regarding PM. Its ‘Moderate Buy’ consensus rating comes from 6 Buy ratings, 2 Holds and 1 Sell received in the last three months. Analysts see about 10% upside potential based on its $89.43 average price target. (See Philip Morris stock analysis on TipRanks)Tenaris SA (TS)When a stock scores a ratings upgrade, it’s a signal to investors that a unique opportunity may be presenting itself. This is the case for steel pipe and tube manufacturer Tenaris.Wolfe Research analyst Blake Gendron just bumped up his rating from a Hold to a Buy, citing its free cash flow yield as well as its offshore optionality as particularly noteworthy. “TS has a relatively defensive balance sheet and robust FCF outlook (10% EV on our FY20 estimates), underpinned by its capital light footprint,” he noted.While the analyst acknowledged that the fuel price freeze in Argentina could impact TS’ top-line performance, a new contract could offset any negatives. The company was recently awarded a five-year contract with Abu Dhabi National Oil Company (ADNOC) worth $1.9 billion to provide tubulars and Rig Direct services. As a result, Gendron believes that TS is the most compelling name in the space, calling it “our WR CE top pick”. All of this lends itself to a potential twelve month gain of 32%, according to the analyst. (To watch Gendron’s track record, click here)Along with promising new opportunities and a strong balance sheet, TS is an attractive investment based on its continued ability to pay a solid dividend. With its $1.12 annualized payout amounting to a 5.4% yield, it’s no wonder TS is a resounding Buy among Wall Street analysts.Not only is the stock a Buy, but the fact that only bullish calls have been published in the last three months give it a ‘Strong Buy’ Street consensus. It also doesn’t hurt that its $31 average price target suggests 45% upside potential. (See Tenaris stock analysis on TipRanks)

  • Tenaris Announces 2019 Third Quarter Results
    GlobeNewswire

    Tenaris Announces 2019 Third Quarter Results

    The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and.

  • A Trio of Fairly Priced Stocks That Analysts Expect to Trade Higher
    GuruFocus.com

    A Trio of Fairly Priced Stocks That Analysts Expect to Trade Higher

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    Zacks

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  • Is Tenaris S.A.  (TS) Going To Burn These Hedge Funds?
    Insider Monkey

    Is Tenaris S.A. (TS) Going To Burn These Hedge Funds?

    We can judge whether Tenaris S.A. (NYSE:TS) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There's no better way to get these firms' immense resources and analytical capabilities working for us than to follow their lead into their best ideas. […]

  • Exec: Low demand suppresses U.S. growth for pipe manufacturer
    American City Business Journals

    Exec: Low demand suppresses U.S. growth for pipe manufacturer

    While the pipe manufacturer did recently restart an incomplete project in Conroe, it isn’t seeing much to encourage further immediate growth in the U.S. Here's one executive's take on the current situation.

  • Delisting of Tenaris’s shares in Argentina to become effective on October 11, 2019
    GlobeNewswire

    Delisting of Tenaris’s shares in Argentina to become effective on October 11, 2019

    Tenaris S.A. (NYSE, Buenos Aires and Mexico: TS and MTA Italy: TEN) (“Tenaris”, or the “Company”) announced today that the Argentine National Securities Commission (Comisión Nacional de Valores, or “CNV”) has authorized the delisting of the Company’s shares in Argentina, through a voluntarily withdrawal from listing pursuant to Article 32, clause c), Section VIII, Chapter II of Title III of the rules (Normas) of the CNV, permitting the Company to delist without making a delisting public tender offer. The delisting of the Company’s shares in Argentina will become effective as of the close of business on October 10, 2019.

  • Rigzone.com

    $3.6B ADNOC Contracts Go to Tenaris, Others

    ADNOC awards contracts for casing and tubing.

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    GuruFocus.com

    6 Underperforming Stocks in Gurus' Portfolios

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