Is Tenaris S.A. (TS) a Small-Cap Energy Stock Hedge Funds Are Buying?
On April 12, Bill Perkins, Skylar Capital Management CEO, appeared on 'Closing Bell Overtime' on CNBC to talk about how the energy sector is struggling due to fears of decreased fuel demand. Perkins discussed that the trade policy majorly drives the sentiment across the energy landscape and hence affects natural gas, energy stocks, bonds, and other related assets. Noting the difficulty in predicting the long-term outcome of these policies, he questioned whether the tariffs are temporary. The conversation then shifted to the impact of recent tariff announcements. Perkins acknowledged that natural gas prices initially performed better than other commodities following the announcements, which gives rise to speculations that LNG could become a key bargaining chip in future trade negotiations. He explained that, at the time, natural gas fundamentals were strong, and the US had the potential to use LNG exports as a diplomatic tool to help reduce trade deficits with other countries.
However, Perkins acknowledged that the overarching macroeconomic fear of a global slowdown soon overshadowed these fundamentals, which affected both the crude oil and natural gas markets. As a result, prices dropped to levels that might stimulate some demand and offer a buffer against further declines, particularly if the tariff conflict drags on and risks pushing the economy into a recession or even a depression. Perkins also addressed the effect of price pressure on production, specifically referencing West Texas Intermediate (WTI) crude oil. He pointed out that WTI prices had reached a threshold (~$60 per barrel) where growth in the Permian Basin would likely halt or even decline. At these price levels, producers become reluctant to invest in new drilling, especially given the backwardated crude curve, which showed future prices at $58 to $59 per barrel. This scenario would not only limit oil production growth in the Permian but also reduce the output of associated natural gas from the region. Perkins described this production restraint as a bullish factor that could help offset some of the prevailing uncertainty.
Perkins predicted that oil and gas executives would adopt a cautious tone in their commentary. He explained that, due to the unpredictability of the global macro environment, executives would likely let market signals guide their decisions about ramping up or scaling back drilling programs.
We first sifted through the Finviz stock screener and Insider Monkey's Q4 2024 hedge funds database. For this article, we define small-cap stocks as those that trade between $10 billion and $30 billion. We then selected the top 15 stocks according to hedge funds and ranked them in ascending order of the number of hedge funds that have stakes in them. In cases where an equal number of hedge funds held two or more stocks, we used the market cap as a tiebreaker.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A close-up of an oil rig showing the precision engineering required to extract oil and gas.
Market Capitalization as of April 25: $18.56 billion
Number of Hedge Fund Holders: 33
Tenaris S.A. (NYSE:TS) manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East, and Africa, and the Asia Pacific. It manufactures and markets welded and seamless steel pipes.
The company also offers oilfield services and coating solutions. In December 2024, ExxonMobil named Tenaris S.A. its 2024 Supplier of the Year and recognized its strong performance and reliability. Tenaris supplies OCTG solutions and Rig Direct services for ExxonMobil's US operations and supports its drilling projects worldwide, which include deepwater exploration.
In Q42024, Tenaris S.A. (NYSE:TS) made sales of $2.8 billion, which was a 17% drop year-over-year and a 2% drop sequentially. This decline came from lower volumes and selling prices, although a favorable product mix offset some of the price declines in North America. By the end of 2024, the company recorded an EBITDA of $3.1 billion and a net income of $2.1 billion on total sales of $12.5 billion.
Overall, TS ranks 9th on our list of the small-cap energy stocks hedge funds are buying. While we acknowledge the growth potential of TS as an investment, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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The words 'believe,' 'may,' 'will,' 'estimate,' 'potential,' 'continue,' 'anticipate,' 'intend,' 'expect,' 'could,' 'would,' 'project,' 'forecasts,' 'aims,' 'plan,' 'target,' and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. 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These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. About Riskified Riskified (NYSE:RSKD) empowers businesses to unleash ecommerce growth by outsmarting risk. Many of the world's biggest brands and publicly traded companies selling online rely on Riskified for guaranteed protection against chargebacks, to fight fraud and policy abuse at scale, and to improve customer retention. Developed and managed by the largest team of ecommerce risk analysts, data scientists, and researchers, Riskified's AI-powered fraud and risk intelligence platform analyzes the individual behind each interaction to provide real-time decisions and robust identity-based insights. Learn more at Reconciliation of GAAP to Non-GAAP Measures The following tables reconcile non-GAAP measures to the most directly comparable GAAP measure and are presented in thousands except for share and per share amounts. View source version on CONTACT: Investor Relations:Chett Mandel, Head of Investor Relations |[email protected] Corporate Communications: Cristina Dinozo, Senior Director of Communications |[email protected] KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: NETWORKS INTERNET OTHER TECHNOLOGY TECHNOLOGY SOFTWARE SOURCE: Riskified Ltd. Copyright Business Wire 2025. PUB: 08/18/2025 06:50 AM/DISC: 08/18/2025 06:49 AM
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ABOUT PENTAIR PLC At Pentair, we help the world sustainably move, improve and enjoy water, life's most essential resource. From our residential and commercial water solutions, to industrial water management and everything in between, Pentair is a core large cap value S&P 500 equity stock focused on smart, sustainable water solutions that help our planet and people thrive. Pentair had revenue in 2024 of approximately $4.1 billion, and trades under the ticker symbol PNR. With approximately 9,750 global employees serving customers in more than 150 countries, we work to help improve lives and the environment around the world. To learn more, visit ABOUT HYDRA-STOP LLC Founded in 1981, Hydra-Stop is a leading provider of safe, efficient and cost-effective specialty insertion valves, line stop fittings and installation equipment serving water utility service providers and municipalities throughout the United States. Hydra-Stop's innovative products prevent water service shutdowns for municipalities and critical facilities by allowing only the affected section of a water pipe to be repaired versus shutting down vast sections of a water system. For more information, visit CAUTION CONCERNING FORWARD-LOOKING STATEMENTS This release contains statements that we believe to be 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Without limitation, any statements preceded or followed by or that include the words 'targets,' 'plans,' 'believes,' 'expects,' 'intends,' 'will,' 'likely,' 'may,' 'anticipates,' 'estimates,' 'projects,' 'should,' 'would,' 'could,' 'positioned,' 'strategy,' or 'future' or words, phrases, or terms of similar substance or the negative thereof are forward-looking statements. All statements made about the anticipated acquisition, including the anticipated time for completing the transaction, the expected financial results of the acquired business and the anticipated benefits of the acquisition are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include our ability to close the acquisition on the expected terms and time schedule, including obtaining regulatory approvals and satisfying other closing conditions; our ability to integrate the acquisition successfully; our ability to retain customers and employees of the acquired business; the overall global economic and business conditions impacting our business, including the strength of housing and related markets and conditions relating to international hostilities; supply, demand, logistics, competition and pricing pressures related to and in the markets we serve; the ability to achieve the benefits of our restructuring plans, cost reduction initiatives and Transformation Program; the impact of raw material, logistics and labor costs and other inflation; volatility in currency exchange rates and interest rates; failure of markets to accept new product introductions and enhancements; the ability to successfully identify, finance, complete and integrate acquisitions; risks associated with operating foreign businesses; the impact of seasonality of sales and weather conditions; our ability to comply with laws and regulations; the impact of changes in laws, regulations and administrative policy, including those that limit U.S. tax benefits or impact trade agreements and tariffs; the outcome of litigation and governmental proceedings; and the ability to achieve our long-term strategic operating and sustainability goals and targets. Additional information concerning these and other factors is contained in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2024. All forward-looking statements, including all financial forecasts, speak only as of the date of this release. Pentair assumes no obligation, and disclaims any obligation, to update the information contained in this release. View source version on CONTACT: Pentair Contacts: Shelly Hubbard Vice President, Investor Relations Direct: 612-812-0148 Email:[email protected] Osborn Vice President, Communications Direct: 763-656-5589 Email:[email protected] KEYWORD: EUROPE UNITED STATES UNITED KINGDOM NORTH AMERICA ILLINOIS MINNESOTA INDUSTRY KEYWORD: OTHER ENERGY MACHINERY UTILITIES SUSTAINABILITY ENERGY OTHER CONSTRUCTION & PROPERTY ENVIRONMENT CONSTRUCTION & PROPERTY OTHER MANUFACTURING GREEN TECHNOLOGY URBAN PLANNING MANUFACTURING SOURCE: Pentair plc Copyright Business Wire 2025. PUB: 08/18/2025 06:50 AM/DISC: 08/18/2025 06:50 AM
