In a report released today, Ian Macpherson from Piper Sandler maintained a Hold rating on Tenaris SA (TS), with a price target of $14.50. The company’s shares closed last Tuesday at $13.39.
According to TipRanks.com, Macpherson is ranked 0 out of 5 stars with an average return of -11.9% and a 34.8% success rate. Macpherson covers the Basic Materials sector, focusing on stocks such as Nextier Oilfield Solutions, Diamond Offshore Drilling, and Select Energy Services.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tenaris SA with a $19.75 average price target.
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Tenaris SA’s market cap is currently $7.58B and has a P/E ratio of 9.90. The company has a Price to Book ratio of 0.70.
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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.
