Latest news with #TenarisS.A
Business Upturn
27-05-2025
- Business
- Business Upturn
Share buyback program of up to USD 1.2 billion
LUXEMBOURG, May 27, 2025 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ('Tenaris') announced today that Tenaris's Board of Directors approved a share buyback program of up to $1.2 billion (which, at the closing price of May 27, 2025 on the Milan Stock Exchange would represent approximately 74 million shares, or 6.9% of Tenaris's outstanding shares), to be executed within a year, with the intention to cancel the ordinary shares acquired through the program. The decision and opportunity of initiating the buyback program is driven by the company's significant cash flow generation and strong balance sheet. The buyback program will be carried out under the authority granted by the annual general meeting of shareholders held on May 6, 2025, up to a maximum of 10% of the Company´s shares. The buyback program is expected to be launched in June 2025 and share purchases will be executed through a primary financial institution. The buybacks may be ceased, paused and continued at any time, subject to compliance with applicable laws and regulations. Tenaris will provide updates on the buyback program via press releases and on the Investors section of its corporate website. The buybacks will be carried out subject to market conditions and in compliance with applicable laws and regulations, including the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. Some of the statements contained in this press release are 'forward-looking statements'. Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment programs by oil and gas companies. Tenaris is a leading global supplier of steel tubes and related services for the world's energy industry and certain other industrial applications. Giovanni Sardagna Tenaris1-888-300-5432
Yahoo
01-05-2025
- Business
- Yahoo
Is Tenaris S.A. (TS) a Small-Cap Energy Stock Hedge Funds Are Buying?
We recently published a list of the 15 Small-Cap Energy Stocks Hedge Funds Are Buying. In this article, we are going to take a look at where Tenaris S.A. (NYSE:TS) stands against other small-cap energy stocks. 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.
Yahoo
21-04-2025
- Business
- Yahoo
Tenaris (TS) Upgraded to Buy: What Does It Mean for the Stock?
Tenaris S.A. (TS) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time. As such, the Zacks rating upgrade for Tenaris is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock. For Tenaris, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher. As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>. For the fiscal year ending December 2025, this company is expected to earn $3.43 per share, which is a change of -5% from the year-ago reported number. Analysts have been steadily raising their estimates for Tenaris. Over the past three months, the Zacks Consensus Estimate for the company has increased 8.3%. Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term. You can learn more about the Zacks Rank here >>> The upgrade of Tenaris to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tenaris S.A. (TS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
08-03-2025
- Business
- Yahoo
Is Tenaris S.A. (TS) the Best Cash-Rich Undervalued Stock to Invest In?
We recently compiled a list of the . In this article, we are going to take a look at where Tenaris S.A. (NYSE:TS) stands against the other cash-rich undervalued stocks. Currently, big tech and high-growth stocks dominate the stock market, making up a much larger share of the broader market than they have historically. This means many investors may be missing out on value stocks, which are companies that are priced lower but have strong fundamentals. In the past, when this gap between growth and value stocks was this wide, value stocks ended up performing better over the next few years. In case the market changes its tide, investors who are too focused on growth stocks could face higher risks. Recently, value stocks have started to show signs of a comeback. However, after trailing growth stocks by almost 10% in 2024, value stocks took the lead in January, with the Morningstar US Value Index rising 4.5%, outperforming the 3.9% gain of the Morningstar US Growth Index. The boost came mainly from healthcare stocks, which jumped 6.8%, and financial services stocks, which surged 6.7%. Among different stock categories, mid-sized growth stocks performed the best, rising 6.1%, followed by small growth stocks at 5.1% and large value stocks at 5%. Looking at history, value stocks have performed better than growth stocks in 46% of months over the past 20 years, showing that the market shifts between favoring one type over the other. Market experts see opportunities in undervalued parts of the market. Ben Inker, a portfolio manager at GMO, is staying cautious as markets hit extreme highs, with Bitcoin topping $100,000 and mega-cap tech stocks driving the broader market's rally. With so much uncertainty in the economic and policy landscape, he remains skeptical of making bets based on long-term predictions. Instead, Inker is focusing on 'deep value' stocks, which are the cheapest 20% of the US market. He sees some of the biggest discounts in that market segment. He is also looking at small-cap stocks in Japan, especially as US stocks trade at record-high premiums compared to global markets. Inker favors the cheaper equal-weighted S&P index as well, which has historically delivered better long-term returns than the standard market cap-weighted version. Let's take a look at some of the best cash-rich undervalued stocks below. For this article, we used the Finviz stock screener to identify cash-rich undervalued stocks. We applied a filter to select companies with P/E ratios under 15. Additionally, we used a current ratio (CR) filter of over 2 to identify stocks with strong current assets. CR is a company's current assets divided by its current liabilities. If the CR is over 1, it means the company has more assets than liabilities, usually because of high cash reserves, receivables, or inventory. After filtering, we manually searched for companies with TTM operating cash flow exceeding $2 billion as of December 31, 2024, and selected 10 stocks with the highest cash reserves. The list below is ranked in ascending order based on TTM operating cash flow. We have also included hedge fund sentiment as of Insider Monkey's Q4 2024. 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 (). A close-up of an oil rig showing the precision engineering required to extract oil and gas. P/E Ratio as of March 3: 10.09 TTM Operating Cash Flow as of December 31, 2024: $3,209,725,000 Number of Hedge Fund Holders: 33 Tenaris S.A. (NYSE:TS) is a global manufacturer and supplier of steel pipes used in the energy industry and other industrial applications. It produces casings, tubing, line pipes, and specialized pipes for drilling, transport, and construction. The company also offers oilfield services and coating solutions. On December 16, ExxonMobil named Tenaris S.A. (NYSE:TS) its 2024 Supplier of the Year, recognizing its strong performance and reliability. A longtime partner, Tenaris supplies OCTG solutions and Rig Direct services for ExxonMobil's US operations and supports its drilling projects worldwide, including deepwater exploration. In the fourth quarter of 2024, Tenaris S.A. (NYSE:TS) reported sales of $2.8 billion, a 17% drop year-over-year and a 2% decline sequentially. The decrease was primarily due to lower volumes and selling prices, though 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. Free cash flow reached $2.2 billion, all of which was returned to shareholders through dividends and share buybacks. Tenaris is proposing a 38% increase in the annual dividend per share compared to last year, while retaining a net cash position of $3.6 billion. According to Insider Monkey's fourth quarter database, 33 hedge funds were bullish on Tenaris S.A. (NYSE:TS), up from 22 funds in the prior quarter. Israel Englander's Millennium Management was the top stakeholder of the company, with 2.8 million shares worth $106.4 million. Overall TS ranks 8th on our list of the best cash-rich undervalued stocks to buy. While we acknowledge the potential of TS as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. 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 . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
