Tenaris S.A. (TS) has risen sharply, recording gains of 5.39% in the past 4 weeks. However, the stock has corrected -3.23% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.61% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 1% and the fifty day Moving Average is 0.93%. Tenaris S.A. is up 5.94% in the last three month period. Year-to-Date the stock performance stands at 21.07%.
Tenaris S.A. (TS) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $34 and the lowest price target forecast is $21. The average forecast of all the analysts is $26.5 and the expected standard deviation is $5.09.
Tenaris S.A. (NYSE:TS): On Fridays trading session , Opening price of the stock was $28.46 with an intraday high of $28.75. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.02. However, the stock managed to close at $28.16, a loss of 0.35% for the day. On the previous day, the stock had closed at $28.26. The total traded volume of the day was 1,449,191 shares.
Tenaris S.A is a holding company, which is engaged in the steel pipe manufacturing and distribution businesses. The Company produces and sells both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly oil country tubular goods used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products. It operates in geographical areas, which include North America, South America, Europe, Middle East, Africa, and Far East and Oceania. Its principal finished products are seamless and welded steel casing and tubing, line pipe and other mechanical and structural steel pipes for different uses. It also manufactures sucker rods used in oil extraction activities, industrial equipment of various specifications and applications, including liquid and gas storage equipment, and welded steel pipes for electric conduits used in the construction industry.