Tenaris S A (TS) Valuation Declined While Arosa Capital Management LP Lowered Its Position by $27.66 Million

Tenaris S.A. (NYSE:TS) Logo

Arosa Capital Management Lp decreased its stake in Tenaris S A (TS) by 55.27% based on its latest 2018Q2 regulatory filing with the SEC. Arosa Capital Management Lp sold 768,302 shares as the company’s stock declined 12.25% while stock markets rallied. The institutional investor held 621,698 shares of the steel and iron ore company at the end of 2018Q2, valued at $22.62M, down from 1.39M at the end of the previous reported quarter. Arosa Capital Management Lp who had been investing in Tenaris S A for a number of months, seems to be less bullish one the $13.33B market cap company. The stock decreased 2.48% or $0.58 during the last trading session, reaching $22.85. About 3.65M shares traded or 64.43% up from the average. Tenaris S.A. (NYSE:TS) has risen 14.40% since December 8, 2017 and is uptrending. It has underperformed by 1.22% the S&P500.

Arosa Capital Management Lp, which manages about $456.37 million and $765.43M US Long portfolio, upped its stake in Marathon Pete Corp (NYSE:MPC) by 54,006 shares to 122,976 shares, valued at $8.63M in 2018Q2, according to the filing. It also increased its holding in Golar Lng Ltd Bermuda (NASDAQ:GLNG) by 184,792 shares in the quarter, for a total of 259,792 shares, and has risen its stake in Anadarko Pete Corp (NYSE:APC).

Analysts await Tenaris S.A. (NYSE:TS) to report earnings on February, 20. They expect $0.42 EPS, up 55.56 % or $0.15 from last year’s $0.27 per share. TS’s profit will be $245.09 million for 13.60 P/E if the $0.42 EPS becomes a reality. After $0.42 actual EPS reported by Tenaris S.A. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More notable recent Tenaris S.A. (NYSE:TS) news were published by: Seekingalpha.com which released: “Tenaris informs of prosecutors’ request – Seeking Alpha” on December 06, 2018, also Globenewswire.com with their article: “TENARIS LOSSES ALERT: Rosen Law Firm Continues to Investigate Securities Claims Against Tenaris SA – TS – GlobeNewswire” published on December 06, 2018, Gurufocus.com published: “Scott+Scott Attorneys at Law LLP Announces Investigation into Tenaris SA (TS) – GuruFocus.com” on November 29, 2018. More interesting news about Tenaris S.A. (NYSE:TS) were released by: Businesswire.com and their article: “INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Tenaris S.A. and Encourages Investors with Losses in Excess of $100000 to Contact the Firm – Business Wire” published on November 29, 2018 as well as Businesswire.com‘s news article titled: “INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Tenaris S.A. Investors (TS) – Business Wire” with publication date: November 30, 2018.

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

Among 4 analysts covering Tenaris (NYSE:TS), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Tenaris had 4 analyst reports since June 14, 2018 according to SRatingsIntel. The rating was upgraded by Bank of America on Tuesday, September 25 to “Buy”.

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

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