Is BTIG Research Positive On Shares of Tenaris (NYSE:TS)?

June 14, 2018 - By simple simple

Tenaris S.A. (NYSE:TS) Logo

Why Has BTIG Research Given Tenaris (NYSE:TS) a $50 Price Target

Analysts at BTIG Research has begun coverage on Tenaris (NYSE:TS) with a key Buy rating. The TP for TS is $50. It would suggest a possible upside of 36.35 % from company’s last stock close.

Tenaris S.A. (NYSE:TS) Ratings Coverage

Among 9 analysts covering Tenaris SA (NYSE:TS), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Tenaris SA has $46.0 highest and $33.0 lowest target. $39.79’s average target is 8.51% above currents $36.67 stock price. Tenaris SA had 12 analyst reports since December 20, 2017 according to SRatingsIntel. The stock of Tenaris S.A. (NYSE:TS) has “Buy” rating given on Wednesday, December 20 by Barclays Capital. Piper Jaffray maintained Tenaris S.A. (NYSE:TS) on Thursday, February 22 with “Buy” rating. The stock of Tenaris S.A. (NYSE:TS) has “Buy” rating given on Wednesday, April 11 by Citigroup. The stock has “Neutral” rating by JP Morgan on Wednesday, February 21. Cowen & Co maintained the stock with “Hold” rating in Tuesday, May 8 report. The stock of Tenaris S.A. (NYSE:TS) has “Outperform” rating given on Friday, February 23 by Credit Suisse. Loop Capital maintained the stock with “Buy” rating in Thursday, March 22 report. The stock of Tenaris S.A. (NYSE:TS) has “Hold” rating given on Thursday, January 11 by Cowen & Co. The firm earned “Hold” rating on Monday, February 26 by Cowen & Co. The firm earned “Hold” rating on Friday, March 16 by UBS.

The stock increased 0.76% or $0.27 during the last trading session, reaching $36.67. About 1.14 million shares traded. Tenaris S.A. (NYSE:TS) has risen 20.50% since June 14, 2017 and is uptrending. It has outperformed by 7.93% the S&P500.

Analysts await Tenaris S.A. (NYSE:TS) to report earnings on August, 1. They expect $0.28 earnings per share, up 115.38 % or $0.15 from last year’s $0.13 per share. TS’s profit will be $165.33M for 32.74 P/E if the $0.28 EPS becomes a reality. After $0.40 actual earnings per share reported by Tenaris S.A. for the previous quarter, Wall Street now forecasts -30.00 % negative EPS growth.

Tenaris S.A., through its subsidiaries, makes and distributes steel pipe products and other related services for the energy industry, and other industrial applications. The company has market cap of $21.65 billion. The firm offers products for gas and oil drilling operations, including casings and tubings, premium connections, drill pipes, coiled tubing, hot-rolled and cold-drawn seamless tubes, tubular accessories, non-tubular accessories, and devices. It has a 39.78 P/E ratio. It also provides offshore line pipe products, such as top tensioned and steel catenary risers, export lines and flowlines, bends, corrosion resistant alloys, coiled line pipes, umbilical tubings, and coated pipes; and seamless and welded tubes for onshore line pipe; various seamless steel tubes and pipes for refineries, petrochemical, and gas-processing plants; and tubular products for the power generation industry.

Another recent and important Tenaris S.A. (NYSE:TS) news was published by Seekingalpha.com which published an article titled: “Tracking Ole Andreas Halvorsen’s Viking Global Portfolio – Q1 2018 Update” on May 27, 2018.

Tenaris S.A. (NYSE:TS) Ratings Chart

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