Stifel Nicolaus Thinks Tenaris SA’s Stock is Going to Recover


In a report released today, Stephen Gengaro from Stifel Nicolaus maintained a Buy rating on Tenaris SA (TS), with a price target of $16.00. The company’s shares closed last Wednesday at $11.74, close to its 52-week low of $9.11.

According to TipRanks.com, Gengaro has 0 stars on 0-5 star ranking scale with an average return of -22.1% and a 27.3% success rate. Gengaro covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure, Oil States International, and Superior Energy Services.

Tenaris SA has an analyst consensus of Moderate Buy, with a price target consensus of $21.58.

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Based on Tenaris SA’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.74 billion and net profit of $152 million. In comparison, last year the company earned revenue of $2.1 billion and had a net profit of $226 million.

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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.

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