Tenaris S.A., through its subsidiaries, produces and sells seamless and welded steel tubular products; and provides related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, cold-drawn pipes, and premium joints and couplings; coiled tubing products for oil and gas drilling and workovers, and subsea pipelines; and umbilical tubing products; and tubular accessories. It also provides sucker rods, industrial equipment, heat exchangers, and utility conduits for buildings, as well as sells energy and raw materials. Additionally, it offers financial services. The company operates in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Tenaris S.A. was incorporated in 2001 and is based in Luxembourg, Luxembourg. Tenaris S.A. is a subsidiary of Techint Holdings S.Ã r.l.
IPO Year:
Exchange: NYSE
Website: tenaris.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/18/2024 | $40.00 | Overweight → Underweight | Morgan Stanley |
| 1/16/2024 | Neutral | BofA Securities | |
| 1/4/2024 | Buy → Hold | Jefferies | |
| 6/29/2023 | $41.80 | Buy | Jefferies |
| 10/13/2022 | $30.00 → $38.00 | Hold → Buy | Stifel |
| 7/7/2022 | $35.70 → $46.00 | Hold → Buy | Jefferies |
| 3/14/2022 | $38.00 → $43.00 | Underperform → Peer Perform | Wolfe Research |
| 2/28/2022 | $27.00 → $32.00 | Equal-Weight → Overweight | Barclays |
| 2/18/2022 | $30.00 → $32.00 | Overweight | Morgan Stanley |
| 1/26/2022 | Neutral → Outperform | Exane BNP Paribas |
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LUXEMBOURG, May 01, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) announced that its annual general meeting of shareholders and its extraordinary general meeting of shareholders, both held on April 30, 2024, approved all resolutions on their agendas. Among other resolutions adopted at the annual general meeting, shareholders acknowledged the Company's 2023 annual report, containing the consolidated management report and the related management certifications and external auditors' reports, and the Company's 2023 annual sustainability report, containing the non-financial statement required by Luxembourg law. The shareholders also approved the consolidated fi
LUXEMBOURG, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Tenaris") announced a change from a global depository structure to LuxCSD S.A. ("LuxCSD") as issuer central securities depository ("CSD"), and the appointment of Banque Internationale à Luxembourg S.A. ("BIL"), as LuxCSD principal agent (replacing BNP as common depositary) from October 31, 2023. BIL will also continue to act as Tenaris's paying agent and registrar for its registered shares. Consequently, the shares' ISIN code will change as follows: Current ISIN code: LU0156801721 Last trading day with current ISIN code: October 30, 2023 New ISIN code: LU2598331598 First trading day wit
LUXEMBOURG, May 03, 2022 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) announced that its annual general meeting of shareholders held on May 3, 2022, in accordance with applicable regulation on the holding of corporate meetings adopted in light of the COVID-19 pandemic, approved all resolutions on its agenda. Among other resolutions adopted at the annual general meeting, the shareholders acknowledged the Company's 2021 annual report, containing the consolidated management report and the related management certifications and external auditors' reports; and the Company's 2021 annual sustainability report containing the non-financial statement. The annual genera
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, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, July 31, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("
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, Net cash / debt, Free Cash Flow and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, April 25, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Ten
The financial and operational information contained in this press release is based on audited consolidated 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 Accounting Standards. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Free Cash Flow, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("T
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, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Te
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, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Tena
LUXEMBOURG, May 03, 2023 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) announced that its annual general meeting of shareholders held on May 3, 2023, approved all resolutions on its agenda. Among other resolutions adopted at the meeting, shareholders acknowledged the Company's 2022 annual report, containing the consolidated management report and the related management certifications and external auditors' reports; and the Company's 2022 annual sustainability report, containing the non-financial statement required by Luxembourg law. The annual general meeting also approved the consolidated financial statements as of and for the year ended December 31, 2022, an
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, Net cash / debt, Free Cash Flow and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, April 26, 2023 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("T
The financial and operational information contained in this press release is based on audited consolidated 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, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Tenaris") today announce
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, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Te
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, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Tena
Morgan Stanley downgraded Tenaris from Overweight to Underweight and set a new price target of $40.00
BofA Securities initiated coverage of Tenaris with a rating of Neutral
Jefferies downgraded Tenaris from Buy to Hold
Jefferies initiated coverage of Tenaris with a rating of Buy and set a new price target of $41.80
Stifel upgraded Tenaris from Hold to Buy and set a new price target of $38.00 from $30.00 previously
Jefferies upgraded Tenaris from Hold to Buy and set a new price target of $46.00 from $35.70 previously
Wolfe Research upgraded Tenaris from Underperform to Peer Perform and set a new price target of $43.00 from $38.00 previously
Barclays upgraded Tenaris from Equal-Weight to Overweight and set a new price target of $32.00 from $27.00 previously
Morgan Stanley reiterated coverage of Tenaris with a rating of Overweight and set a new price target of $32.00 from $30.00 previously
Exane BNP Paribas upgraded Tenaris from Neutral to Outperform
Piper Sandler analyst Luke Lemoine maintains Tenaris (NYSE:TS) with a Overweight and lowers the price target from $43 to $40.
Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) announced today that the Brazilian Superior Court of Justice (SCJ) resolved that Tenaris's subsidiary Confab and certain subsidiaries of Tenaris's affiliate Ternium, all of which compose the T/T Group under the Usiminas shareholders agreement, should pay Companhia Siderúrgica Nacional, or CSN, an indemnification in connection with the acquisition by the T/T Group of a participation in Usiminas in January 2012. CSN and various entities affiliated with CSN had filed a lawsuit in Brazil against the T/T Group, alleging that, under applicable Brazilian laws and rules, the acquirers were required to launch a tag-along tender offer to all non-co
This USD 300 million third tranche of the Program shall start on May 13, 2024, and end no later than August 12, 2024. Ordinary shares purchased under the Program will be cancelled in due course. Any buyback of ordinary shares in relation to this announcement will be carried out under the authority granted by the general meeting of shareholders held on June 2, 2020, up to a maximum of 10% of the Company's capital, or any renewed or extended authorization to be granted at a future general meeting of the Company.
Tenaris (NYSE:TS) has outperformed the market over the past 20 years by 1.19% on an annualized basis producing an average annual return of 9.21%. Currently, Tenaris has a market capitalization of $19.42 billion. Buying $100 In TS: If an investor had bought $100 of TS stock 20 years ago, it would be worth $583.59 today based on a price of $33.88 for TS at the time of writing. Tenaris's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an edi
Piper Sandler analyst Luke Lemoine maintains Tenaris (NYSE:TS) with a Overweight and lowers the price target from $49 to $43.
Tenaris (NYSE:TS) reported quarterly earnings of $1.27 per share which beat the analyst consensus estimate of $0.95 by 33.68 percent. This is a 33.51 percent decrease over earnings of $1.91 per share from the same period last year. The company reported quarterly sales of $3.442 billion which beat the analyst consensus estimate of $3.375 billion by 1.97 percent. This is a 16.88 percent decrease over sales of $4.141 billion the same period last year.
Tenaris (NYSE:TS) has outperformed the market over the past 20 years by 1.6% on an annualized basis producing an average annual return of 9.26%. Currently, Tenaris has a market capitalization of $21.56 billion. Buying $100 In TS: If an investor had bought $100 of TS stock 20 years ago, it would be worth $593.72 today based on a price of $37.47 for TS at the time of writing. Tenaris's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an edit
Morgan Stanley analyst Connor Lynagh downgrades Tenaris (NYSE:TS) from Overweight to Underweight and announces $40 price target.
Tenaris's (NYSE:TS) short percent of float has fallen 15.79% since its last report. The company recently reported that it has 2.83 million shares sold short, which is 0.48% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.37 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp
LUXEMBOURG, Aug. 04, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Tenaris") announced today the completion of the fourth and last tranche of its USD1.2 billion Share Buyback Program announced on November 1, 2023 (the "Program"). During the fourth tranche, which ran from June 17, 2024, to (and including) August 2, 2024, the Company purchased a total of 19,452,939 ordinary shares for a total consideration of €278,698,899, or USD300 million. During the Program, which ran from November 5, 2023, to (and including) August 2, 2024, the Company purchased a total of 71,679,768 ordinary shares, representing 6.07% of the total issued share capital at the beginnin
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, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, July 31, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("
LUXEMBOURG, June 18, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) announced today that the Brazilian Superior Court of Justice (SCJ) resolved that Tenaris's subsidiary Confab and certain subsidiaries of Tenaris's affiliate Ternium, all of which compose the T/T Group under the Usiminas shareholders agreement, should pay Companhia Siderúrgica Nacional, or CSN, an indemnification in connection with the acquisition by the T/T Group of a participation in Usiminas in January 2012. CSN and various entities affiliated with CSN had filed a lawsuit in Brazil against the T/T Group, alleging that, under applicable Brazilian laws and rules, the acquirers were required
LUXEMBOURG, June 14, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Tenaris") announced today the completion of the third tranche and the commencement of the fourth tranche of its USD1.2 billion Share Buyback Program announced on November 1, 2023 (the "Program"). During the third tranche, which ran from May 13, 2024, to (and including) June 13, 2024, the Company purchased a total of 18,080,524 ordinary shares for a total consideration of EUR276,630,414, or USD300 million. As of June 14, 2024, the Company held in treasury 34,447,527 ordinary shares (including 16,367,003 ordinary shares bought in the second tranche), equal to 2.96% of the total issued shar
LUXEMBOURG, May 12, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Tenaris") announced today that pursuant to its Share Buyback Program (the "Program") announced on November 1, 2023, covering up to USD 1.2 billion to be executed in the open market with the intent to cancel the ordinary shares acquired through the Program, Tenaris has entered into a non-discretionary buyback agreement with a primary financial institution (the "Bank"). The Bank will make its trading decisions concerning the timing of the purchases of Tenaris's ordinary shares independently of and uninfluenced by Tenaris and will act in compliance with applicable rules and regulations, inclu
LUXEMBOURG, May 01, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) announced that its annual general meeting of shareholders and its extraordinary general meeting of shareholders, both held on April 30, 2024, approved all resolutions on their agendas. Among other resolutions adopted at the annual general meeting, shareholders acknowledged the Company's 2023 annual report, containing the consolidated management report and the related management certifications and external auditors' reports, and the Company's 2023 annual sustainability report, containing the non-financial statement required by Luxembourg law. The shareholders also approved the consolidated fi
LUXEMBOURG, April 30, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Tenaris") announced today the completion of the second tranche of its previously announced Share Buyback Program. During the second tranche, which ran from February 26, 2024, to (and including) April 29, 2024, the Company purchased a total of 16,367,003 ordinary shares for a total consideration of €277,137,521, or US$300 million. On April 29, 2024, the Company purchased the following ordinary shares: DateTrading VenueShares PurchasedWeighted Average Price (EUR)Purchases in EURReference FXPurchases in USD29-apr-24MTA576,15515.92049,172,6181.07129,825,70829-apr-24CEUX305,73515.91234,864,9
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, Net cash / debt, Free Cash Flow and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, April 25, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Ten
LUXEMBOURG, March 22, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) filed today its 2023 Annual Report and its 2023 Sustainability Report with the Luxembourg Stock Exchange, with the U.S. Securities and Exchange Commission (SEC), and with the other securities regulators of the markets where its securities are listed. These reports (which contain the financial and non-financial information required by applicable Luxembourg law for the year ended December 31, 2023, including Tenaris's consolidated financial statements as of and for the year ended December 31, 2023, Tenaris's annual accounts as at December 31, 2023, and their related external auditors' reports
LUXEMBOURG, Feb. 25, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Tenaris") announced today that pursuant to its Share Buyback Program (the "Program") announced on November 1, 2023, covering up to $1.2 billion to be executed in the open market with the intent to cancel the ordinary shares acquired through the Program, Tenaris has entered into a non-discretionary buyback agreement with a primary financial institution (the "Bank"). The Bank will make its trading decisions concerning the timing of the purchases of Tenaris's ordinary shares independently of and uninfluenced by Tenaris and will act in compliance with applicable rules and regulations, includi