News stories about Tenaris (NYSE:TS) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tenaris earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.7686674506679 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Hot Stocks: Alcoa Corporation, (NYSE: AA), Tenaris SA, (NYSE: TS), Celgene Corporation, (NASDAQ: CELG), Stein … – Stocks In The News (press release) (tradingnewsnow.com)
- Pepsico, Inc. (PEP) Nice-Looking Institutional Ownership of 72.40%- Tenaris SA (TS) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Is this is time to Sell on Tenaris SA (TS)? RSI 74.70 Alerts – Voice Of Analysts (analystsbuzz.com)
- Swiveling Stocks: Entercom Communications Corp., (NYSE: ETM), Tenaris SA, (NYSE: TS), United Rentals, Inc., (NYSE … – Stocks In The News (press release) (tradingnewsnow.com)
- FY2017 EPS Estimates for Tenaris S.A. (TS) Cut by Analyst (americanbankingnews.com)
Several equities analysts have issued reports on TS shares. Loop Capital upped their price target on shares of Tenaris from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. BidaskClub upgraded shares of Tenaris from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Tenaris from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Tuesday, July 18th. Scotiabank set a $40.00 price target on shares of Tenaris and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, Cowen and Company set a $28.00 price target on shares of Tenaris and gave the company a “hold” rating in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.39.
Tenaris (NYSE:TS) traded down $0.47 on Friday, hitting $29.66. 1,272,000 shares of the stock traded hands, compared to its average volume of 2,145,043. Tenaris has a 52 week low of $25.91 and a 52 week high of $37.21. The firm has a market capitalization of $17,260.00, a PE ratio of 54.78 and a beta of 0.61.
Tenaris (NYSE:TS) last posted its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.09. Tenaris had a net margin of 8.81% and a return on equity of 2.77%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the company posted $0.03 earnings per share. Tenaris’s revenue for the quarter was up 32.0% compared to the same quarter last year. equities research analysts expect that Tenaris will post 0.49 EPS for the current fiscal year.
The company also recently disclosed a dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.26 per share. The ex-dividend date is Monday, November 20th. Tenaris’s dividend payout ratio (DPR) is presently 233.33%.
Tenaris SA is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products.
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