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Tenaris S.A.

TS · NYSE

Market closed$57.16$1.42 (+2.55%)After hours $57.12 · -0.07%

Key statistics

Previous close$55.74
Open$56.07
Day high$57.20
Day low$55.68
52-week high$64.60
52-week low$33.65
Market cap30.67B
Volume812.03K
Average volume1.44M
P/E ratio15.12
Forward P/E—
EPS3.78
Dividend yield+3.14%

Market context

Why it moved

Tenaris (TS) shares rose today, likely supported by analyst optimism reflected in a consensus "Moderate Buy" rating and a price target of $62.12, suggesting the stock remains undervalued relative to current levels amid broadly constructive market conditions.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Tenaris gained over 2.5% as energy stocks led the broader market, with the sector jumping 2.1% on the session. The rally builds on a Morgan Stanley upgrade earlier in the week — from Underweight to Equal Weight with a raised price target of $65 — citing a 35% drop in OCTG imports due to Section 232 tariffs, recovering U.S. drilling activity with rig counts up ~7% year-to-date, and OCTG pricing inflecting higher by roughly 10% so far this year, setting up a favorable supply-demand backdrop for the steel pipe maker.

2.5475

July 17, 2026Tenaris declined despite a Morgan Stanley upgrade the prior session, as investors appear to be taking profits after a remarkable ~49% year-to-date run. Morgan Stanley lifted its rating from Underweight to Equal Weight and raised its price target to $65, citing a 35% drop in OCTG imports from Section 232 tariffs, a recovering U.S. rig count up ~7% YTD, and OCTG pricing inflecting roughly 10% higher year-to-date. However, the stock retreated alongside the broader energy sector, with XLE also falling ~1.3%, as investors question whether the recent optimism—built on tariff tailwinds and demand recovery—can sustain the sharp run-up in share price.

-2.0731

July 16, 2026Tenaris closed modestly higher, buoyed by a Morgan Stanley upgrade from Underweight to Equal-Weight with a raised price target of $65 (from $53), citing improving OCTG industry fundamentals. The analyst noted a 35% drop in U.S. OCTG imports due to Section 232 tariffs, rising domestic rig counts (up ~7% YTD), contracting inventories, and OCTG pricing that inflected roughly 10% higher year-to-date — all pointing to a demand recovery that supports Tenaris's earnings outlook through 2028.

1.0833

July 15, 2026Tenaris edged higher as the broader oilfield services sector navigated a complex backdrop of Gulf geopolitical tensions and a softer-than-expected CPI print. Renewed US-Iran clashes and fresh threats to Strait of Hormuz shipping have kept energy risk elevated, though services firms face an ambiguous demand outlook as producers remain cautious about increasing drilling activity despite higher oil prices. A favorable CPI report helped lift broader equities, providing a tailwind, while Q2 earnings season is building anticipation across the energy services space with peers like Weatherford set to report later in July.

0.8236

July 13, 2026Tenaris edged higher in after-hours trading, supported by a broadly constructive backdrop for oil and gas equipment and services names as Q2 earnings season gets underway. Energy is expected to be one of the two primary drivers of S&P 500 earnings growth this quarter, with higher oil prices — lifted by renewed U.S.-Iran tensions and Strait of Hormuz supply risks — bolstering the outlook for oilfield services firms. Analysts maintain a consensus price target of $60.12 on Tenaris, implying roughly 8% upside, while the company's superior profitability metrics, 4.3% dividend yield, and lower beta of 0.84 continue to distinguish it among steel and oilfield services peers.

0.5039

July 11, 2026Tenaris closed modestly higher, outperforming several oilfield services peers as Gulf geopolitical tensions kept energy investors focused on OCTG demand dynamics. While the broader oilfield services sector has struggled post-earnings — down an average 13.7% since Q1 results — Tenaris benefited from rising oil prices driven by the ongoing Iran-US conflict and Strait of Hormuz supply disruptions. However, analysts remain cautious: a recent Seeking Alpha downgrade to Hold flagged that the stock now trades near its 2008 all-time highs, with near-term revenue risk from Middle East disruptions and an upcoming CEO transition adding execution uncertainty.

1.1835

July 10, 2026Tenaris shares edged down during the regular session but jumped nearly 2% in after-hours trading, as the OCTG pipe maker is caught in a crosscurrent of geopolitical risk and sector opportunity. Trump's declaration that the U.S.-Iran ceasefire is "over," followed by fresh strikes and threats to blockade the Strait of Hormuz, sent oil prices surging over 4%—a dynamic that cuts both ways for Tenaris, lifting energy sector sentiment while also raising concerns about Middle East revenue disruption. Analyst caution persists, with recent downgrades to Hold citing the stock's approach to 2008 all-time highs and near-term OCTG demand uncertainty, even as strong North American performance and a 5.8% share count reduction support the longer-term investment case.

-0.3809

July 8, 2026Tenaris closed up nearly 2%, outperforming a broadly risk-off session as Trump's declaration that the Iran interim deal is 'over' sent oil prices surging over 5%, directly benefiting the oilfield equipment and steel pipe sector. As a global supplier of steel tubular products tied to drilling activity, Tenaris stands to gain from renewed energy capex expectations amid supply disruption fears, with the energy sector emerging as one of the few bright spots on a day when broader markets tumbled. Separately, Benzinga highlighted Tenaris as a candidate for options income strategies, underscoring its appeal to patient value investors.

1.885

MarketBeat · July 18, 2026Tenaris (NYSE:TS) Upgraded to Buy at Wall Street ZenGuruFocus · July 16, 2026Tenaris (TS) Upgraded by Morgan Stanley with New Price Target of $65Seeking Alpha · July 15, 2026Tenaris upgraded at Morgan Stanley on improving OCTG industry fundamentals (TS:NYSE)TradingView · July 15, 2026Tenaris S.A. Stock 12‑Month Price Target Raised to $61.24, Implies 9% Upsidewww.marketscreener.com · July 15, 2026Morgan Stanley Upgrades Tenaris to Equal Weight From Underweight, Adjusts Price Target to $65 From $53Investing.com · July 15, 2026Morgan Stanley upgrades Tenaris stock rating on tariff impact, demand recoveryStock Titan · June 30, 2026Tenaris opens a 74,500 m² hub for Suriname's GranMorgu offshore projectGlobeNewswire · May 6, 2026Tenaris Announces CEO succession
Benzinga · July 15, 2026Morgan Stanley Upgrades Tenaris to Equal-Weight, Raises Price Target to $65
Mt Newswire · July 15, 2026Morgan Stanley Upgrades Tenaris to Equal Weight From Underweight, Adjusts Price Target to $65 From $53
Benzinga · May 18, 2026Piper Sandler Maintains Neutral on Tenaris, Raises Price Target to $60
Mt Newswire · May 14, 2026Morgan Stanley Raises Price Target on Tenaris to $53 From $50, Keeps Underweight Rating
Mt Newswire · May 11, 2026Tenaris to Acquire Artrom Steel Tubes for $101.3 Million
Benzinga · May 8, 2026Barclays Maintains Overweight on Tenaris, Raises Price Target to $82
Mt Newswire · May 7, 2026Update: Tenaris Q1 Earnings, Revenue Rise; Flags Q2 Sales Hit; Shares Down Pre-Bell
Mt Newswire · May 7, 2026Tenaris Names Gabriel Podskubka Chief Executive

Peers

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