Tengri Share Discussion Threads

[ariane] 26/2/2025 11:05

Tenaris Discusses 2024 Financial Results and Market Outlook

TipRanks Auto-Generated NewsdeskFeb 25, 2025, 12:32 PM


Story Highlights

Tenaris is a global supplier of steel tubes for the energy industry.

Tenaris discussed 2024 results and market outlook on February 20, 2025.


Tenaris Discusses 2024 Financial Results and Market Outlook



Tenaris SA ( TS -1.36% ▼ ) has issued an update.

On February 20, 2025, Tenaris S.A. held a conference call led by Chairman and CEO Paolo Rocca, along with senior management, to discuss the company’s fourth-quarter and annual results for 2024. The discussion covered the company’s performance, market conditions, and future outlook, providing insights into the steel pipe and oil and gas industries. The event aimed to inform investors and analysts about Tenaris’s strategic direction and the economic conditions affecting its operations.

More about Tenaris SA

Tenaris is a leading global supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications.

YTD Price Performance: 0.08%

Average Trading Volume: 1,441,918

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $22.24B

For detailed information about TS stock, go to TipRanks’ Stock Analysis page.

[ariane] 26/2/2025 11:00

Upcoming Events
04 / 30 / 25
2025 Q1 Results

[waldron] 20/2/2025 18:34

Change of Chief Financial Officer

Effective as of May 2, 2025, Mr. Carlos Gomez Alzaga will assume the position of Chief Financial Officer, replacing Ms. Alicia Mondolo, who will retire from this role.

Mr. Gomez Alzaga, who has more than 20 years of experience in Administration and Finance at Tenaris, previously served as Regional CFO for Mexico and Central America, and Economic and Financial Planning Director, among other positions, and currently holds the position of Regional CFO for Argentina and South America.

Ms. Mondolo will continue to serve as senior advisor to our Chairman and CEO.

Paolo Rocca and the Board of Tenaris would like to express their gratitude and appreciation for Alicia´s contribution as CFO of Tenaris and her 41 years of service within the Techint Group.

Market Background and Outlook

Oil prices remain relatively stable (as they have done over the past two years) with OPEC+ maintaining their voluntary production cuts in the face of limited global demand growth. European and US natural gas prices have, however, risen as relatively cold winter weather and the cutoff of Russian supply have led to a rapid drawdown in inventories.

These prices and the continuing balance between oil and gas demand and supply should continue to support overall investment in oil and gas drilling activity, as well as OCTG demand, at current levels, albeit with some regional nuances.

In North America, consolidation among major operators and drilling efficiencies led to a drop in US drilling activity last year, which has now stabilized, while OCTG consumption per rig has been increasing. In Latin America, drilling activity is increasing in Argentina, as investment in pipeline and LNG infrastructure investment for the Vaca Muerta shale moves forward, while, in Mexico, it has been affected by financial constraints on Pemex. In the Middle East, some reduction in oil drilling has taken place in Saudi Arabia while gas drilling has risen, and, in Abu Dhabi, oil drilling is increasing.

OCTG reference prices in North America, which fell steadily for two years until the second half of 2024, have so far recovered by 9% from their August low and could rise further following the US government’s announced reset of Section 232 tariffs on all imports of steel products without exception.

In this environment, we expect our sales and EBITDA (excluding extraordinary effects) in the first quarter to be in line with the previous one before rising moderately in the second quarter. Beyond that, likely changes in US tariffs and their possible ramifications on trade flows will introduce a new dynamic with a high level of uncertainty for costs and prices to our results.

Annual Dividend Proposal

Upon approval of the Company´s annual accounts in April 2025, the board of directors intends to propose, for approval of the annual general shareholders’ meeting to be held on May 6, 2025, the payment of a dividend per share of $0.83 (in an aggregate amount of approximately $0.9 billion), which would include the interim dividend per share of $0.27 (approximately $0.3 billion) paid in November 2024. If the annual dividend is approved by the shareholders, a dividend of $0.56 per share ($1.12 per ADS), or approximately $0.6 billion, will be paid according to the following timetable:

Payment date: May 21, 2025

Record date: May 20, 2025

Ex-dividend for securities listed in Europe and Mexico: May 19, 2025

Ex-dividend for securities listed in the United States: May 20, 2025

[sarkasm] 19/2/2025 12:09

Van ECK Associates Corp Decreases Stock Holdings in Tenaris S.A. (NYSE:TS)

Written by MarketBeat

Updated February 17, 2025


Van ECK Associates Corp decreased its stake in shares of Tenaris S.A. (NYSE:TS - Free Report) by 14.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission.

The institutional investor owned 2,311,035 shares of the industrial products company's stock after selling 375,196 shares during the period.

Van ECK Associates Corp owned approximately 0.40% of Tenaris worth $87,334,000 as of its most recent SEC filing.



Other large investors have also recently modified their holdings of the company.

Crossmark Global Holdings Inc. boosted its stake in shares of Tenaris by 61.5% during the 4th quarter.

Crossmark Global Holdings Inc. now owns 35,111 shares of the industrial products company's stock valued at $1,327,000 after purchasing an additional 13,374 shares in the last quarter.

GAMMA Investing LLC boosted its stake in shares of Tenaris by 140.2% during the 4th quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 548 shares in the last quarter.

Mediolanum International Funds Ltd bought a new stake in shares of Tenaris during the 3rd quarter valued at about $17,129,000.

International Assets Investment Management LLC bought a new stake in shares of Tenaris during the 3rd quarter valued at about $380,000. Finally, Concentric Capital Strategies LP purchased a new position in Tenaris during the 3rd quarter valued at about $1,163,000.

Institutional investors own 10.45% of the company's stock.

Tenaris Stock Up 0.3 %

Tenaris stock traded up $0.12 during trading hours on Monday, hitting $38.61. The stock had a trading volume of 1,402,203 shares, compared to its average volume of 1,322,892. The stock has a market capitalization of $22.44 billion, a P/E ratio of 8.41 and a beta of 1.44. Tenaris S.A. has a 12-month low of $27.24 and a 12-month high of $40.72. The stock's 50-day moving average price is $38.32 and its 200-day moving average price is $34.20.

[waldron] 17/2/2025 06:44

Market Closed - Borsa Italiana 16:45:00 14/02/2025 GMT Pre-market 06:37:29

18.44 EUR

Tenaris purchased treasury shares for about EUR35 million

February 17, 2025 at 06:22 am


(Alliance News) - Tenaris SA reported that it purchased 1.9 million of its own ordinary shares between Feb. 10 and Feb. 14.

The shares were taken over at an average price per share of EUR18.6081, for a total value of EUR34.7 million.

As of today, the company holds 87.5 million of its own ordinary shares, accounting for 7.5 percent of its share capital.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to [e-mail]
Alliance News IS Italian Service Ltd.

translated by marketscreener

[waldron] 11/2/2025 01:58

Tenaris S.A. : Close to a key resistance level

February 10, 2025 at 11:08 am

By The editorial team
marketscreener

Entry price Target Stop-loss Potential

€18.79 €20.7 €17.8 +10.16%

Tenaris S.A. shares are trading close to a major technical resistance, which, if broken, could yield new upside potential and an increase in volatility. This scenario can be anticipated.

Summary

● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.

● The company presents an interesting fundamental situation from a short-term investment perspective.

● The company has a good ESG score relative to its sector, according to MSCI.

Strengths

● The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.

● The company returns high margins, thereby supporting business profitability.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● With a P/E ratio at 10.28 for the current year and 9.49 for next year, earnings multiples are highly attractive compared with competitors.

● The company has a low valuation given the cash flows generated by its activity.

● The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.

● The opinion of analysts covering the stock has improved over the past four months.

● Over the past twelve months, analysts' opinions have been strongly revised upwards.

● Historically, the company has been releasing figures that are above expectations.

Weaknesses

● According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.

● The company's earnings growth outlook lacks momentum and is a weakness.

MarketScreener

[waldron] 28/1/2025 08:57

Italy's Push for LNG Terminals Risks Overbuild amid Falling Demand: IEEFA
by Bloomberg
|
Anna Shiryaevskaya


| Tuesday, January 28, 2025 | 1:39 AM EST


Italy's Push for LNG Terminals Risks Overbuild amid Falling Demand: IEEFA
Consumption of the super-chilled gas may be less than a third of Italy's import capacity by 2030, the IEEFA said.



Italy’s push to build new liquefied natural gas terminals despite sliding demand risks creating redundant infrastructure, according to a study.

Consumption of the super-chilled gas may be less than a third of Italy’s import capacity by 2030, the Institute for Energy Economics and Financial Analysis said Monday in a report. Italian demand plunged 19 percent between 2021 and 2024, while LNG import capacity is set to triple in the five years through 2026.

As Europe diversified away from Russian gas amid the war in Ukraine, nations from Italy to Germany and Greece invested heavily into new LNG import terminals. But record prices during the energy crisis reduced consumption from industry that’s unlikely to return anytime soon even if costs have dropped since.

“Incentives to invest in infrastructure must be driven by demand,” said Ana Maria Jaller-Makarewicz, IEEFA lead energy analyst for Europe. “In the case of Italy, it’s currently the other way around.”

Italy’s gas network owner Snam SpA is the main beneficiary of new capacity encouraged by the current regulations, IEEFA said. The company owns 61 percent of Italy’s operational LNG terminals and 100 percent of two planned import facilities.



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[adrian j boris] 24/1/2025 16:16

The leading companies operating in the global oil and gas line pipe market.

ArcelorMittal SA ALSO HAS SHARE HOLDING IN VALLOUREC

JFE Holdings, Inc.

Tenaris SA

Vallourec SA

Sumitomo Corporation

Nippon Steel Corp.

Arabian Pipes Company SJSC

Abu Dhabi Metal Pipes & Profiles Industries Complex LLC (ADPICO)

Jindal Saw Limited

Salzgitter AG

EVRAZ PLC

EEW Holding GmbH & Co. KG

Cenergy Holdings SA (Corinth Paperworks)

[la forge] 21/1/2025 03:21

ONLY AN AIDE MEMOIRE FOR ME, SO OTHERS BEST DO THEIR OWN RESEARCH


needs to break thru resistance convincingly

more a HOLD than a risky buy although TRUMP ACTIONS MIGHT get this share to trend up

we will see today


Mediobanca Upgrades Tenaris to Outperform, Boosts PT

January 14, 2025 at 12:33 pm

(MT Newswires) -- Mediobanca on Tuesday upgraded its rating on steel pipe manufacturer Tenaris (TEN.MI) to outperform from neutral and increased its price target to 22.50 euros from 17.00 euros.

[florenceorbis] 09/1/2025 04:57

Tenaris S.A. : There is still some upside potential

January 08, 2025 at 09:41 am

By The editorial team
MARKETSCREENER


BUY

Entry price Target Stop-loss Potential

€19.03 €21 €17.9 +10.38%

Tenaris S.A. shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term.

Summary

● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.

● Overall, and from a short-term perspective, the company presents an interesting fundamental situation.

● The company's MSCI ESG score, based on a ranking of the company relative to its industry, comes out particularly well.

Strengths

● Before interest, taxes, depreciation and amortization, the company's margins are particularly high.

● The group's high margin levels account for strong profits.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● With a P/E ratio at 10.27 for the current year and 9.57 for next year, earnings multiples are highly attractive compared with competitors.

● Given the positive cash flows generated by its business, the company's valuation level is an asset.

● Sales forecast by analysts have been recently revised upwards.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● Over the past four months, analysts' average price target has been revised upwards significantly.

● Analyst opinion has improved significantly over the past four months.

● Over the past twelve months, analysts' opinions have been strongly revised upwards.

● Historically, the company has been releasing figures that are above expectations.

Weaknesses

● As estimated by analysts, this group is among those businesses with the lowest growth prospects.

● The company's earnings growth outlook lacks momentum and is a weakness.

[misca2] 08/1/2025 19:54

Tenaris SA

18.92 EUR +0.34 (1.83%)


Jan 8, 17:35 GMT+1

[waldron] 18/12/2024 01:39

VALLOUREC

Oddo BHF reiterates its ‘outperform217; recommendation on the share and its target of
21.7. This sale was expected and will strengthen the return to shareholders.

At the time of publication of its publication of Q3, a sharp improvement in sentiment among distributors in the in the North American market (where the Group sells locally produced locally produced tubes, so any increase in customs duties will have no effect on the Group).


The stock is trading at a 25% discount to Tenaris, which the broker believes is unjustified. The next catalyst is the end of the lock-up by ArcelorMittal (main shareholder with with 28.4% of the capital), which will take place on 6 February 2025...

Translated with DeepL.com (free version)

BOURSIER

[adrian j boris] 30/11/2024 16:19

Interim Dividend Payment

Our board of directors approved the payment of an interim dividend of $0.27 per share ($0.54 per ADS), or approximately $300 million, according to the following timetable:

Payment date: November 20, 2024

Record date: November 19, 2024

Ex-dividend for securities listed in Europe: November 18, 2024

Ex-dividend for securities listed in the United States and Mexico: November 19, 2024

[ariane] 30/11/2024 09:46

.
Tenaris S.A. TEN

Dividend Summary

The next Tenaris S.A. dividend is expected to go ex in 6 months and to be paid in 6 months.

The previous Tenaris S.A. dividend was 27c and it went ex 12 days ago and it was paid 10 days ago.

There are typically 2 dividends per year (excluding specials), and the dividend cover is approximately 1.8.

[waldron] 25/11/2024 13:03

Upcoming events on Tenaris S.A.

18/02/2025 Q4 2024 Earnings Release (Projected)

22/04/2025 Q1 2025 Earnings Release (Projected)

29/07/2025 Q2 2025 Earnings Release (Projected)

28/10/2025 Q3 2025 Earnings Release (Projected)

Past events on Tenaris S.A
.
17/11/2024 Détachement de for dividende intermédiaire

[waldron] 25/11/2024 12:47

Analysts' Consensus

Mean consensus
OUTPERFORM

Number of Analysts
11

Last Close Price
18.58USD

Average target price
20.08USD

Spread / Average Target
+8.08%

[waldron] 18/11/2024 21:17

Vallourec: shares climb after two positive analyses

November 18, 2024 at 17:32

Vallourec shares ended the day up nearly 4% on the back of several positive analyses.

Bank of America Global Research reiterates its ‘buy’ recommendation and €20 price target on Vallourec, forecasting a stronger end to the year with updated estimates for the fourth quarter of 2024.

According to BofA, Vallourec's share price can recover its recent underperformance against its Tenaris peer in the short term, ‘before further outperforming next year on the declaration of its first dividend in over 10 years’.

Oddo BHF is also reiterating its ‘outperform217; rating and €21.7 price target on Vallourec, despite adjusting its 2024-26 EBITDA expectations downwards (-3% on average) following the seamless tube maker's quarterly results last Friday.

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Despite a year-to-date performance of close to 16%, Vallourec is still trading at a 30% discount (in terms of EV/EBITDA 2025) to its main peer Tenaris,’ points out the analyst in charge of the stock.

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Oddo BHF also points out that ‘Vallourec is deleveraging faster than expected (eight consecutive quarters of net debt reduction), enabling it to initiate its first return to shareholders (via a dividend) in 10 years’.

CercleFinance.com.

Translated with DeepL.com (free version)

[waldron] 17/11/2024 20:58

Ex-div date 18 Nov 2024 (Mon)

Pay date 20 Nov 2024 (Wed)

[maywillow] 12/11/2024 08:52

Tenaris SA

17.64 EUR +0.095 (0.54%)

Nov 12, 09:47 GMT+1



Mkt cap
20.87B

P/E ratio
8.24

Div yield
3.51%

CDP score
B

52-wk high
18.72

52-wk low
12.05

[misca2] 11/11/2024 12:38

Tenaris
17.555 +1.86%