Tenaris S.A. [TS] Is Currently -5.01 below its 200 Period Moving Avg: What Does This Mean?


Tenaris S.A. [NYSE: TS] stock went on a downward path that fall over -5.01% on Thursday, amounting to a one-week price decrease of less than -5.01%. The company report on June 2, 2022 that Tenaris Resolves U.S. Securities and Exchange Commission Investigation into Legacy Issue in Brazil; U.S. Department of Justice Closes Parallel Inquiry Without Taking Action.

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Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) has resolved a previously disclosed investigation by the U.S. Securities and Exchange Commission (“SEC”) into allegations of improper payments between 2008 and 2013 to a manager of the Brazilian state-owned energy company Petróleo Brasileiro S.A. (“Petrobras”) for the benefit of Tenaris’s Brazilian subsidiary Confab Industrial S.A. (“Confab”). The U.S. Department of Justice (“DOJ”) has informed Tenaris that it has closed its parallel inquiry into this matter without taking action.

Tenaris voluntarily notified the SEC and DOJ of this matter in 2016 and believes the resolution with the SEC is in the best interest of the Company and its stakeholders. The Company cooperated fully with investigators, as the SEC noted in its Order Instituting Proceedings.

Over the last 12 months, TS stock rose by 39.76%. The one-year Tenaris S.A. stock forecast points to a potential upside of 16.01. The average equity rating for TS stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $18.71 billion, with 590.27 million shares outstanding and 233.00 million shares in the current float. Compared to the average trading volume of 2.49M shares, TS stock reached a trading volume of 2591233 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $38.34 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.

Wolfe Research have made an estimate for Tenaris S.A. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on March 14, 2022. While these analysts kept the previous recommendation, Barclays raised their target price from $27 to $32. The new note on the price target was released on February 28, 2022, representing the official price target for Tenaris S.A. stock. On November 08, 2021, analysts increased their price target for TS shares from 23 to 33.

The Average True Range (ATR) for Tenaris S.A. is set at 1.04, with the Price to Sales ratio for TS stock in the period of the last 12 months amounting to 2.43. The Price to Book ratio for the last quarter was 1.52, with the Price to Cash per share for the same quarter was set at 1.15.

TS Stock Performance Analysis:

Tenaris S.A. [TS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.01. With this latest performance, TS shares gained by 8.42% in over the last four-week period, additionally plugging by 53.92% over the last 6 months – not to mention a rise of 39.76% 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 47.09, with the RSI for the last a single of trading hit 40.10, and the three-weeks RSI is set at 50.62 for Tenaris S.A. [TS]. The present Moving Average for the last 50 days of trading for this stock 31.72, while it was recorded at 33.78 for the last single week of trading, and 25.30 for the last 200 days.

Insight into Tenaris S.A. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Tenaris S.A. [TS] shares currently have an operating margin of +10.79 and a Gross Margin at +28.41. Tenaris S.A.’s Net Margin is presently recorded at +16.87.

Return on Total Capital for TS is now 5.64, given the latest momentum, and Return on Invested Capital for the company is 9.16. Return on Equity for this stock inclined to 9.44, with Return on Assets sitting at 7.78. When it comes to the capital structure of this company, Tenaris S.A. [TS] has a Total Debt to Total Equity ratio set at 3.75. Additionally, TS Total Debt to Total Capital is recorded at 3.61, with Total Debt to Total Assets ending up at 3.10. Long-Term Debt to Equity for the company is recorded at 1.62, with the Long-Term Debt to Total Capital now at 1.56.

Reflecting on the efficiency of the workforce at the company, Tenaris S.A. [TS] managed to generate an average of $40,868 per employee. Receivables Turnover for the company is 4.99 with a Total Asset Turnover recorded at a value of 0.46.Tenaris S.A.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 3.00.

TS Stock EPS

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%.

Tenaris S.A. [TS] Insider Position Details

There are presently around $2,672 million, or 10.40% of TS stock, in the hands of institutional investors. The top three institutional holders of TS stocks are: PENDAL GROUP LTD with ownership of 21,369,545, which is approximately New of the company’s market cap and around 60.60% of the total institutional ownership; WESTWOOD GLOBAL INVESTMENTS, LLC, holding 8,896,308 shares of the stock with an approximate value of $301.58 million in TS stocks shares; and VAN ECK ASSOCIATES CORP, currently with $242.46 million in TS stock with ownership of nearly 27.785% of the company’s market capitalization.

Positions in Tenaris S.A. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 117 institutional holders increased their position in Tenaris S.A. [NYSE:TS] by around 37,967,824 shares. Additionally, 67 investors decreased positions by around 9,135,562 shares, while 19 investors held positions by with 31,721,530 shares. The mentioned changes placed institutional holdings at 78,824,916 shares, according to the latest SEC report filing. TS stock had 63 new institutional investments in for a total of 28,910,081 shares, while 26 institutional investors sold positions of 1,006,627 shares during the same period.