
Tenaris S.A. (TS) Stock Forecast & Price Target
Tenaris S.A. (TS) Analyst Ratings
Bulls say
Tenaris reported impressive 4Q24 results, with revenue and EBITDA exceeding estimates by 5.2% and 23.6%, respectively, and generating $310 million in free cash flow while executing approximately $454 million in stock repurchases. The company’s outlook is bolstered by an anticipated recovery in oil country tubular goods (OCTG) pricing driven by a supportive supply balance and solid demand stemming from international and offshore activity, which has led to projections of upward earnings revisions as evidenced by the increased EBITDA estimates for 2025 and 2026. Additionally, Tenaris boasts a strong net cash position of $3.6 billion, providing financial flexibility for potential mergers and acquisitions and supporting sustained shareholder returns through significant buyback initiatives.
Bears say
The financial outlook for Tenaris appears negative due to significant uncertainties surrounding future costs and pricing, particularly influenced by potential changes in US tariffs and the lifting of Section 232 quotas, which could lead to oversupply and price erosion. Additionally, geopolitical risks, especially related to the Middle East and Central/South America, may impact global oil demand and upstream investment, further complicating market conditions. Lastly, concerns regarding increased raw material costs and investor skepticism about future earnings growth heighten the risk profile for Tenaris's stock.
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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