Could Tenaris S.A. (TS) Lose its Strength? The Stock Reaches 52-Week High

May 17, 2018 - By Paula Hilliard

Tenaris S.A. (NYSE:TS) Logo

The stock of Tenaris S.A. (NYSE:TS) hit a new 52-week high and has $43.98 target or 9.00 % above today’s $40.35 share price. The 9 months bullish chart indicates low risk for the $24.07 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $43.98 price target is reached, the company will be worth $2.17 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 2.18% or $0.86 during the last trading session, reaching $40.35. About 2.96M shares traded or 16.24% up from the average. Tenaris S.A. (NYSE:TS) has risen 6.53% since May 17, 2017 and is uptrending. It has underperformed by 5.02% 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 $167.02M for 36.03 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. (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 had 12 analyst reports since December 20, 2017 according to SRatingsIntel. On Thursday, February 22 the stock rating was maintained by Piper Jaffray with “Buy”. The company was upgraded on Wednesday, April 11 by Citigroup. The firm earned “Hold” rating on Thursday, January 11 by Cowen & Co. The rating was initiated by Barclays Capital with “Buy” on Wednesday, December 20. As per Monday, February 26, the company rating was maintained by Cowen & Co. Guggenheim maintained the stock with “Buy” rating in Friday, March 2 report. Credit Suisse upgraded the shares of TS in report on Monday, January 15 to “Hold” rating. Credit Suisse upgraded the stock to “Outperform” rating in Friday, February 23 report. The rating was upgraded by UBS on Friday, March 16 to “Hold”. The rating was maintained by Loop Capital on Thursday, March 22 with “Buy”.

More news for Tenaris S.A. (NYSE:TS) were recently published by: Streetinsider.com, which released: “Viking Global’s 13F Shows New Stakes in Alibaba (BABA), BioMarin (BMRN) and Western Digital (WDC), Increase in …” on May 15, 2018. Globenewswire.com‘s article titled: “Tenaris Announces 2018 First Quarter Results” and published on April 26, 2018 is yet another important article.

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 $24.07 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 43.76 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.

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

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