TenarisTS
Market Cap: $16.9B
About: Tenaris is one of the largest global producers of oil country tubular goods, which are used primarily in the construction of oil and gas wells. Its production facilities are located primarily in the U.S., Argentina, Mexico, and Italy. Tenaris' premium OCTG products are among the most trusted by oil companies for use in the most challenging applications, including deep-water offshore wells and horizontal shale wells.
Employees: 29,134
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
103% more call options, than puts
Call options by funds: $7.68M | Put options by funds: $3.78M
0.1% less ownership
Funds ownership: 4.86% [Q1] → 4.77% (-0.1%) [Q2]
1% less repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 81
5% less funds holding
Funds holding: 230 [Q1] → 219 (-11) [Q2]
20% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 4 (-1) [Q2]
25% less capital invested
Capital invested by funds: $2.25B [Q1] → $1.7B (-$554M) [Q2]
25% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 44
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Stifel Stephen Gengaro 59% 1-year accuracy 23 / 39 met price target | 26%upside $37 | Buy Maintained | 6 Aug 2024 |
Piper Sandler Luke Lemoine 33% 1-year accuracy 9 / 27 met price target | 36%upside $40 | Overweight Maintained | 15 Jul 2024 |