Take off with Tenaris S.A. (TS): Get ready for trading

Tenaris S.A. (NYSE: TS) stock fell -0.97% on Friday to $26.62 against a previous-day closing price of $26.88. With 1.9 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.08 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $27.85 whereas the lowest price it dropped to was $26.58. The 52-week range on TS shows that it touched its highest point at $34.76 and its lowest point at $18.82 during that stretch. It currently has a 1-year price target of $36.78. With its current market cap of 16.03 billion, TS has annualized dividend of $0.82 while the current yield stands at 3.08%. Beta for the stock currently stands at 1.50.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TS was down-trending over the past week, with a drop of -5.77%, but this was up by 3.18% over a month. Three-month performance dropped to -0.30% while six-month performance fell -10.85%. The stock gained 40.25% in the past year, while it has gained 27.61% so far this year. A look at the trailing 12-month EPS for TS yields 3.12 with Next year EPS estimates of 3.67. For the next quarter, that number is 0.94. This implies an EPS growth rate of 273.40% for this year and 5.83% for next year. EPS is expected to grow by 21.70% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 139.80%.

Float and Shares Shorts:

At present, 590.27 million TS shares are outstanding with a float of 233.00 million shares on hand for trading. On Jul 14, 2022, short shares totaled 3.65 million, which was 0.62% higher than short shares on Jun 14, 2022. In addition to Mr. Paolo Rocca as the firm’s Chairman & CEO, Ms. Alicia Mondolo serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 12.67% of TS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.95% of TS, in contrast to 3.20% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in TS with 3.83% of the stake, J.O. Hambro Capital Management Lt holds 22,601,427 shares worth 22,601,427. A second-largest stockholder of TS, Westwood Global Investments LLC, holds 8,751,976 shares, controlling over 1.48% of the firm’s shares. Van Eck Associates Corp. is the third largest shareholder in TS, holding 5,412,963 shares or 0.92% stake. With a 0.73% stake in TS, the VanEck Oil Services ETF is the largest stakeholder. A total of 4,319,425 shares are owned by the mutual fund manager. The Fidelity Inv. Trust – Emerging Ma, which owns about 0.41% of TS stock, is the second-largest Mutual Fund holder. It holds 2,403,300 shares valued at 65.66 million. Harding Loevner Institutional Eme holds 0.30% of the stake in TS, owning 1,780,737 shares worth 48.65 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TS since 21 analysts follow the stock currently. There are 12 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 3 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TS analysts setting a high price target of $42.00 and a low target of $20.00, the average target price over the next 12 months is $33.43. Based on these targets, TS could surge 57.78% to reach the target high and fall by -24.87% to reach the target low. Reaching the average price target will result in a growth of 25.58% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TS will report FY 2022 earnings on 02/22/2023. Analysts have provided yearly estimates in a range of $4.22 being high and $1.64 being low. For TS, this leads to a yearly average estimate of $3.61. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Tenaris S.A. surprised analysts by $0.26 when it reported $1.08 EPS against a consensus estimate of $0.82. The surprise factor in the prior quarter was $0.24. Based on analyst estimates, the high estimate for the next quarter is $1.06 and the low estimate is $0.75. The average estimate for the next quarter is thus $0.96.

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