
Tenaris S.A. (TS) Stock Forecast & Price Target
Tenaris S.A. (TS) Analyst Ratings
Bulls say
Tenaris demonstrated strong financial performance in 4Q24, with revenue and EBITDA exceeding estimates by 5.2% and 23.6%, respectively, reflecting a solid recovery in oil country tubular goods (OCTG) pricing driven by a favorable supply balance. The company revealed robust cash generation, generating $310 million in free cash flow and engaging in stock repurchases amounting to approximately $454 million, while also increasing its dividend by 40% year-on-year. With a net cash balance of $3.6 billion, Tenaris is well-positioned to pursue potential merger and acquisition opportunities, indicating strong strategic flexibility and the potential for continued shareholder returns in the coming years.
Bears say
The financial outlook for Tenaris appears negative due to several emerging challenges, including potential oversupply in the welded pipe market that could exert downward pressure on seamless product prices. Additionally, management has highlighted significant uncertainty regarding costs and prices stemming from anticipated changes in U.S. tariffs and the potential lifting of Section 232 quotas, which were originally designed to mitigate excess supply. Furthermore, geopolitical risks and macroeconomic volatility in the oil and gas sector may hinder upstream investment, leading to decreased demand and increased raw material costs that cannot be passed on to customers.
This aggregate rating is based on analysts' research of Tenaris S.A. and is not a guaranteed prediction by Public.com or investment advice.
Tenaris S.A. (TS) Analyst Forecast & Price Prediction
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