Tenaris S.A. [TS] Stock trading around $22.69 per share: What’s Next?


Tenaris S.A. [NYSE: TS] loss -2.07% on the last trading session, reaching $22.69 price per share at the time. The company report on November 3, 2021 that Tenaris Announces 2021 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 prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Free cash flow and Net cash / debt. See exhibit I for more details on these alternative performance measures.

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Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) today announced its results for the quarter and nine months ended September 30, 2021 with comparison to its results for the quarter and nine months ended September 30, 2020.

Tenaris S.A. represents 590.27 million in outstanding shares, while the company has a total market value of $13.22 billion with the latest information. TS stock price has been found in the range of $22.63 to $23.32.

If compared to the average trading volume of 2.28M shares, TS reached a trading volume of 2364934 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Tenaris S.A. [TS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TS shares is $28.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TS stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Tenaris S.A. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 08, 2021. While these analysts kept the previous recommendation, Barclays raised their target price from $15 to $25. The new note on the price target was released on March 10, 2021, representing the official price target for Tenaris S.A. stock. On February 26, 2021, analysts increased their price target for TS shares from 22 to 27.

The Average True Range (ATR) for Tenaris S.A. is set at 0.51, with the Price to Sales ratio for TS stock in the period of the last 12 months amounting to 2.36. The Price to Book ratio for the last quarter was 1.14, with the Price to Cash per share for the same quarter was set at 1.67. Price to Free Cash Flow for TS in the course of the last twelve months was 47.29 with Quick ratio for the last quarter at 1.40.

Trading performance analysis for TS stock

Tenaris S.A. [TS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.84. With this latest performance, TS shares gained by 11.77% in over the last four-week period, additionally plugging by 13.56% over the last 6 months – not to mention a rise of 30.48% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TS stock in for the last two-week period is set at 62.35, with the RSI for the last a single of trading hit 65.11, and the three-weeks RSI is set at 58.99 for Tenaris S.A. [TS]. The present Moving Average for the last 50 days of trading for this stock 21.67, while it was recorded at 22.68 for the last single week of trading, and 21.62 for the last 200 days.

Tenaris S.A. [TS]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Tenaris S.A. [TS] shares currently have an operating margin of -1.19 and a Gross Margin at +18.93. Tenaris S.A.’s Net Margin is presently recorded at -12.33.

Return on Total Capital for TS is now -0.49, given the latest momentum, and Return on Invested Capital for the company is -5.42. Return on Equity for this stock declined to -5.60, with Return on Assets sitting at -4.56. When it comes to the capital structure of this company, Tenaris S.A. [TS] has a Total Debt to Total Equity ratio set at 7.78. Additionally, TS Total Debt to Total Capital is recorded at 7.22, with Total Debt to Total Assets ending up at 6.39. Long-Term Debt to Equity for the company is recorded at 4.70, with the Long-Term Debt to Total Capital now at 4.36.

Reflecting on the efficiency of the workforce at the company, Tenaris S.A. [TS] managed to generate an average of -$29,247 per employee. Receivables Turnover for the company is 4.07 with a Total Asset Turnover recorded at a value of 0.37.Tenaris S.A.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 2.90.

Tenaris S.A. [TS]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tenaris S.A. go to -5.40%.

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An analysis of insider ownership at Tenaris S.A. [TS]

There are presently around $1,104 million, or 9.20% of TS stock, in the hands of institutional investors. The top three institutional holders of TS stocks are: WESTWOOD GLOBAL INVESTMENTS, LLC with ownership of 9,214,157, which is approximately 10.698% of the company’s market cap and around 60.60% of the total institutional ownership; VAN ECK ASSOCIATES CORP, holding 6,547,659 shares of the stock with an approximate value of $148.57 million in TS stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $127.18 million in TS stock with ownership of nearly -0.346% of the company’s market capitalization.

Positions in Tenaris S.A. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 63 institutional holders increased their position in Tenaris S.A. [NYSE:TS] by around 4,491,649 shares. Additionally, 61 investors decreased positions by around 10,193,532 shares, while 22 investors held positions by with 33,980,193 shares. The mentioned changes placed institutional holdings at 48,665,374 shares, according to the latest SEC report filing. TS stock had 10 new institutional investments in for a total of 257,361 shares, while 20 institutional investors sold positions of 3,630,479 shares during the same period.