Kepler Capital analyst Kevin Roger downgraded Tenaris SA (TS) to Hold yesterday and set a price target of EUR6.50. The company’s shares closed last Friday at $12.28.
According to TipRanks.com, Roger is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -15.1% and a 23.9% success rate. Roger covers the Services sector, focusing on stocks such as Borr Drilling, Kvaerner ASA, and BW Offshore.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tenaris SA with a $14.05 average price target.
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The company has a one-year high of $27.60 and a one-year low of $9.10. Currently, Tenaris SA has an average volume of 2.56M.
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Tenaris SA manufactures and supplies steel pipe products. The company engages in the production and sale of both seamless and welded steel tubular products and related services mainly for the oil and gas industry. Its principal finished products are seamless and welded steel casing and tubing, line pipe and other mechanical and structural steel pipes for different uses. Tenaris was founded in 1909 and is headquartered in Luxembourg.
