Steady Activities: Tenaris S.A. (NYSE:TS)


Tenaris S.A. (NYSE:TS) added 6.2% and closed its last session at $32.21. The stock has the market capitalization of $18.79 Billion with the total outstanding shares of 583.37 Million. Tenaris S.A.. has Analysts’ Mean Recommendation of 2.57 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 0 for trailing twelve months while its Forward P/E is 88.73.

Tenaris S.A. (NYSE:TS) touched its 52-Week High of $32.44 on Nov 30, 2016 while it’s 52-Week Low of $18.53 on Jan 20, 2016. The company currently has Return on Assets of -0.2 percent, Return on Equity of -0.2% and Return on Investment of -0.6 percent. The stock currently showing Weekly Volatility of 2.85%% and Monthly Volatility of 2.62% Percent with Average True Range of 0.94 and Beta of 0.91.

The 28 analysts offering 12-month price forecasts for Tenaris SA have a median target of 28.88, with a high estimate of 42.00 and a low estimate of 21.63. The median estimate represents a -10.32% decrease from the last price of 32.21.

Press Release:

The Company on 3 November declared its results for the quarter and nine months ended September 30, 2016 with comparison to its results for the quarter and nine months ended September 30, 2015.

Operating cash flow amounted to $254 million with a further reduction of $149 million in working capital and our free cash flow was positive at $66 million after capital expenditures of $187 million, mainly relating to the construction of our new mill in Bay City. Our financial position remains stable with net cash (cash, other current investments and fixed income investments held to maturity less total borrowings) of $1.8 billion at September 30, 2016.

Company Profile:

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.