
Tenaris S.A. (TS) Stock Forecast & Price Target
Tenaris S.A. (TS) Analyst Ratings
Bulls say
Tenaris recently reported strong financial performance in 4Q24, with revenue and EBITDA exceeding estimates by 5.2% and 23.6%, respectively, and generating a significant free cash flow of $310 million. The company's solid cash generation and a net cash balance of $3.6 billion provide ample flexibility for future growth initiatives, including potential mergers and acquisitions, while an anticipated increase in dividend payouts highlights its commitment to shareholder returns. Furthermore, a supportive supply balance in the oil country tubular goods market is expected to sustain upward earnings revisions, positioning Tenaris favorably for continued financial success in 2025 and beyond.
Bears say
Tenaris faces a negative outlook primarily due to significant uncertainties surrounding costs and pricing, particularly influenced by potential changes in U.S. tariffs and the possibility of lifted Section 232 quotas, which could lead to increased supply and price erosion in the seamless market. Additionally, geopolitical risks, especially related to conflicts in the Middle East and political outcomes in Central and South America, may exacerbate market volatility and hinder investment in upstream oil and gas projects. The company also contends with a slowdown in global oil demand, rising raw material costs that may not be transferable to customers, and investor skepticism regarding valuation multiples amid concerns over peak earnings and ESG factors.
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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