Tenaris S.A. (TS): A Technical View

As of Wednesday close, Tenaris S.A.’s (NYSE:TS) stock was down -$1.23, moving down -4.40 percent to $26.70. The average number of shares traded per day over the past five days has been 4,094,620 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.90 fall in that time frame. In the last twenty days, the average volume was 2,520,385, while in the previous 50 days, it was 2,512,880.

Since last month, TS stock retreated -17.47%. Shares of the company fell to $26.28 on 06/22/22, the lowest level in the past month. A 52-week high of $34.76 was reached on 05/27/22 after having rallying from a 52-week low of $18.80. Since the beginning of this year, TS’s stock price has risen by 28.00% or $5.84, and marked a new high 30 times. However, the stock has declined by -23.19% since its 52-week high.

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Valuation Metrics

Right now, Tenaris S.A. (TS) has a P/E ratio of about 10.53. The stock’s beta is 1.50. Besides these, the trailing price-to-sales (P/S) ratio of 2.07, the price-to-book (PB) ratio of 1.26.

The latest dividend of $0.56 per share was paid out, remained unchanged from last year’s $0.56. On Tuesday May 3 2022, a $0.30 dividend increase was announced.

Financial Health

In the three months ended March 30, Tenaris S.A.’s quick ratio stood at 1.40, while its current ratio was 3.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.01, and the total debt-to-equity ratio was 0.04. On the profitability front, the trailing twelve-month gross margin is 31.90% percent. In the year ended March 30, EBITDA margin amounted to 19.91%, whereas operating margins totaled 14.80%. Based on annual data, TS earned $1.91 billion in gross profit and brought in $6.52 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.20%. Return on equity (ROE) for the past 12 months was 12.50%.

In Tenaris S.A.’s quarter-end financial report for March 30, it reported total debt of $231.68 million against cash and short-term investments of $193.02 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TS’s revenue rose 21.08% during the quarter, while net income inched up to $6.52 billion. While analysts expected Tenaris S.A. to report $0.61 quarterly earnings, the actual figure was $0.85 per share, beating the consensus estimate by 39.30%. During the quarter, the company generated $627.33 million in EBITDA. The liabilities of Tenaris S.A. were 2.62 billion at the end of its most recent quarter ended March 30, and its total debt was $471.9 million.

Technical Picture

This quick technical analysis looks at Tenaris S.A.’s (TS) price momentum. With a historical volatility rate of 32.20%, the RSI 9-day stood at 21.52% on 22 June.

With respect to its five-day moving average, the current Tenaris S.A. price is down by -9.80% percent or -$2.90. At present, TS shares trade -18.94% below its 20-day simple moving average and +8.80% percent above its 100-day simple moving average. However, the stock is currently trading approximately -15.00% below its SMA50 and +32.18% above its SMA200.

Stochastic coefficient K was 7.20% and Stochastic coefficient D was 5.60%, while ATR was 1.21. Given the Stochastic reading of 4.99% for the 14-day period, the RSI (14) reading has been calculated as 27.99%. As of today, the MACD Oscillator reading stands at -1.76, while the 14-day reading stands at -3.57.

Analyst Ratings

Wolfe Research upgraded its rating on Tenaris S.A. (NYSE: TS) to a Peer perform in a note to investors on March 14, 2022. The analysts firm previously had an Underperform rating on the stock.Tenaris S.A. (TS) has been rated Overweight by analysts. According to 1 brokerage firm, TS is a sell, and 4 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 6 analysts rate Tenaris S.A. stock as buy, with 9 recommending it as overweight.

With a median target price of $37.86, the current consensus forecast for the stock is $18.73 – $60.00. Based on these forecasts, analysts predict Tenaris S.A. (TS) will achieve an average price target of $36.94.


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