The time has not yet come to remove your chips from the table: Tenaris S.A. (TS)

Tenaris S.A. (NYSE: TS) stock fell -2.43% on Thursday to $25.72 against a previous-day closing price of $26.36. With 3.27 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.34 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $26.05 whereas the lowest price it dropped to was $25.30. The 52-week range on TS shows that it touched its highest point at $38.00 and its lowest point at $22.24 during that stretch. It currently has a 1-year price target of $43.40. With its current market cap of 15.03 billion, TS has annualized dividend of $1.02 while the current yield stands at 3.97%. Beta for the stock currently stands at 1.44.

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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 -3.63%, but this was down by -9.72% over a month. Three-month performance dropped to -23.52% while six-month performance fell -25.19%. The stock lost -22.08% in the past year, while it has lost -26.85% so far this year. A look at the trailing 12-month EPS for TS yields 5.39 with Next year EPS estimates of 5.09. For the next quarter, that number is 1.72. This implies an EPS growth rate of 132.10% for this year and -10.40% for next year. EPS is expected to decline by -1.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 42.30%.

Float and Shares Shorts:

At present, 590.27 million TS shares are outstanding with a float of 233.47 million shares on hand for trading. On May 14, 2023, short shares totaled 8.35 million, which was 1.41% higher than short shares on Apr 13, 2023. 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 11.59% of TS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.49% of TS, in contrast to 2.58% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in TS with 2.18% of the stake, J.O. Hambro Capital Management Lt holds 12,857,596 shares worth 12,857,596. A second-largest stockholder of TS, Westwood Global Investments LLC, holds 8,843,360 shares, controlling over 1.50% of the firm’s shares. Van Eck Associates Corp. is the third largest shareholder in TS, holding 4,214,351 shares or 0.71% stake. With a 0.63% stake in TS, the VanEck Oil Services ETF is the largest stakeholder. A total of 3,699,688 shares are owned by the mutual fund manager. The Fidelity Inv. Trust – Emerging Ma, which owns about 0.32% of TS stock, is the second-largest Mutual Fund holder. It holds 1,857,200 shares valued at 53.32 million. JOHCM Umbrella Fund Plc – Global holds 0.22% of the stake in TS, owning 1,313,245 shares worth 37.7 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, TS reported revenue of $2.80B and operating income of $662.85M. The EBITDA in the recently reported quarter was $903.64M and diluted EPS was $1.08.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TS since 0 analysts follow the stock currently. 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 $50.00 and a low target of $30.83, the average target price over the next 12 months is $40.82. Based on these targets, TS could surge 94.4% to reach the target high and rise by 19.87% to reach the target low. Reaching the average price target will result in a growth of 58.71% 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.

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