Stock Mover of the Day: What’s Next for Tenaris SA (ADR) After Today’s Big Increase?

Stock Mover of the Day: What's Next for Tenaris SA (ADR) After Today's Big Increase?

The stock of Tenaris SA (ADR) (NYSE:TS) is a huge mover today! About 944,223 shares traded hands. Tenaris SA (ADR) (NYSE:TS) has risen 22.07% since March 9, 2016 and is uptrending. It has outperformed by 14.65% the S&P500.
The move comes after 5 months positive chart setup for the $16.66B company. It was reported on Oct, 12 by Barchart.com. We have $47.40 PT which if reached, will make NYSE:TS worth $10.66B more.

Analysts await Tenaris SA (ADR) (NYSE:TS) to report earnings on November, 2. They expect $-0.03 earnings per share, up 95.00% or $0.57 from last year’s $-0.6 per share. After $-0.02 actual earnings per share reported by Tenaris SA (ADR) for the previous quarter, Wall Street now forecasts 50.00% negative EPS growth.

Tenaris SA (ADR) (NYSE:TS) Ratings Coverage

Out of 13 analysts covering Tenaris SA (NYSE:TS), 4 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 31% are positive. Tenaris SA has been the topic of 21 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Credit Suisse downgraded the shares of TS in a report on Wednesday, October 7 to “Underperform” rating. Howard Weil downgraded Tenaris SA (ADR) (NYSE:TS) rating on Monday, May 2. Howard Weil has “Sector Outperform” rating and $31 price target. The rating was upgraded by Howard Weil on Thursday, September 17 to “Sector Outperform”. Kepler Cheuvreux downgraded Tenaris SA (ADR) (NYSE:TS) on Friday, November 6 to “Hold” rating. The stock of Tenaris SA (ADR) (NYSE:TS) earned “Outperform” rating by Macquarie Research on Wednesday, January 20. The stock of Tenaris SA (ADR) (NYSE:TS) earned “Outperform” rating by Scotia Capital on Thursday, September 17. Zacks downgraded Tenaris SA (ADR) (NYSE:TS) on Wednesday, August 5 to “Hold” rating. Morgan Stanley downgraded the shares of TS in a report on Wednesday, February 24 to “Equal-Weight” rating. The firm has “Focus Stock” rating by Howard Weil given on Monday, December 14. The firm has “Neutral” rating given on Friday, February 26 by Credit Suisse.

According to Zacks Investment Research, “Tenaris Sa, a corporation organized in Luxembourg, is a leading manufacturer and supplier of seamless steel pipe products and associated services to the oil and gas, energy and other industries. Tenaris’s operating subsidiaries include eight established steel pipe manufacturers: AlgomaTubes, Confab, Dalmine, NKKTubes, Siat, Siderca, Tamsa and Tavsa.”

Another recent and important Tenaris SA (ADR) (NYSE:TS) news was published by Marketwatch.com which published an article titled: “Tenaris SA ADR” on May 22, 2009.

TS Company Profile

Tenaris S.A., incorporated on January 9, 2002, is a holding company, which is a supplier of steel pipe products and related services for energy industry and other industrial applications. The Firm 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 gas and oil 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. The Firm operates in geographical areas, which include North America, South America, Europe, Middle East, Africa, and Far East and Oceania.

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