Piper Sandler (NYSE:PIPR) analyst Ian Macpherson maintained a Hold rating on Tenaris SA on Wednesday, setting a price target of $13.5, which is approximately 33.40% above the present share price of $10.12.
Macpherson expects Tenaris SA to post earnings per share (EPS) of $0.00 for the fourth quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Tenaris SA, with an average price target of $13.26.
The analysts price targets range from a high of $17 to a low of $6.45.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.24 billion and a net profit of -$90.6 million. The company's market cap is $5.85 billion.
According to TipRanks.com, Piper Sandler analyst Ian Macpherson is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -11.6% and a 34.44% success rate.
Tenaris SA manufactures and supplies steel pipe products. The company engages in the production and sale of both seamless and welded steel tubular products and related services mainly for the oil and gas industry. Its principal finished products are seamless and welded steel casing and tubing, line pipe and other mechanical and structural steel pipes for different uses. Tenaris was founded in 1909 and is headquartered in Luxembourg.