Tenaris SA's stock price fell by 4.40%, hitting a 20-day low amid a broader market rally, with the Nasdaq-100 up 1.77% and the S&P 500 up 1.05%.
The decline comes despite the company's recent announcement regarding its buyback program, where it has repurchased 5.07% of its voting rights. This buyback is expected to enhance earnings per share and increase shareholder value. However, the stock's performance reflects sector rotation as investors react to broader market strength.
This situation highlights the complexities of market dynamics, where even positive corporate actions can be overshadowed by broader trends. Investors may need to consider the implications of the buyback and the ongoing share sales by controlling shareholders on the stock's future performance.
Wall Street analysts forecast TS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TS is 43.43 USD with a low forecast of 36.00 USD and a high forecast of 48.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
Wall Street analysts forecast TS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TS is 43.43 USD with a low forecast of 36.00 USD and a high forecast of 48.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
2 Hold
1 Sell
Moderate Buy
Current: 44.400
Low
36.00
Averages
43.43
High
48.00
Current: 44.400
Low
36.00
Averages
43.43
High
48.00
Morgan Stanley
Joe Laetsch
Underweight
maintain
$36 -> $38
2026-01-21
Reason
Morgan Stanley
Joe Laetsch
Price Target
$36 -> $38
AI Analysis
2026-01-21
maintain
Underweight
Reason
Morgan Stanley analyst Joe Laetsch raised the firm's price target on Tenaris to $38 from $36 and keeps an Underweight rating on the shares. Heading into Q4 results, the firm's forecasts are roughly in-line with consensus for its energy services and equipment coverage overall on Q4 and 2026 EBITDA estimates, the analyst tells investors in a preview for the group.
TD Cowen
Marc Bianchi
Buy
maintain
$46 -> $48
2026-01-07
Reason
TD Cowen
Marc Bianchi
Price Target
$46 -> $48
2026-01-07
maintain
Buy
Reason
TD Cowen analyst Marc Bianchi raised the firm's price target on Tenaris to $48 from $46 and keeps a Buy rating on the shares. The firm adjusted targets in the oilfield services group as part of a Q4 preview. Many oilfield stocks have responded positively to the capture of Nicolas Maduro, anticipating increased oilfield investment in Venezuela, the analyst tells investors in a research note. However, TD thinks it will take a long time and require a lot of guarantees from the U.S. government for U.S. companies to commit capital. It says the stock rallies on the news may be overdone. However, many names in the group remain "cheap," the firm adds.
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Piper Sandler
Derek Podhaizer
Neutral
maintain
$41 -> $42
2025-12-18
Reason
Piper Sandler
Derek Podhaizer
Price Target
$41 -> $42
2025-12-18
maintain
Neutral
Reason
Piper Sandler analyst Derek Podhaizer raised the firm's price target on Tenaris to $42 from $41 and keeps a Neutral rating on the shares. The firm says that while 2025 was a challenge, the industry once again exemplified their tenacity, focusing inward and leaning into new growth avenues. As Piper focuses on 2026, it stays selective, but is encouraged by cyclical tailwinds beginning to mount, including Saudi Arabia/Mexico returning to work and a bottoming U.S. Land market, while Offshore eyes a 2027 recovery.
Morgan Stanley
Underweight
initiated
$35 -> $36
2025-12-15
Reason
Morgan Stanley
Price Target
$35 -> $36
2025-12-15
initiated
Underweight
Reason
Morgan Stanley assumed coverage of Tenaris with an Underweight rating and a price target of $36, up from $35. Energy Services stocks have rallied off the lows, pushing valuations higher, but against an uncertain oil backdrop the firm expects shorter cycle North American onshore spending to remain constrained and views it as "too early to step in," the analyst tells investors while assuming coverage of North America Energy Services & Equipment.
About TS
Tenaris S.A. is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products. It operates in geographical areas, such as North America, South America, Europe, Middle East and Africa, and Asia Pacific. Its products and services include OCTG, Premium Connections, Rig Direct, Offshore Line Pipe, Onshore Line Pipe, Hydrocarbon Processing, Power Generation, Sucker Rods, Coiled Tubing, Industrial and Mechanical, and Automotive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
