Wall Street’s forecast for Tenaris
In this final part of the series, we’ll look at Wall Street analysts’ forecasts for Tenaris (TS) stock on March 7, 2018.
Analysts’ ratings for Tenaris
About 42% of Wall Street analysts tracking Tenaris rate it a “buy” or some equivalent, and 47% rate it a “hold.” Of the sell-side analysts, 11% of them have recommended a “sell” or equivalent. Tenaris makes up 5.1% of the VanEck Vectors Oil Services ETF (OIH). OIH fell 20% in the past year compared to a 13% increase in TS stock for the same period.
By comparison, 73% of the sell-side analysts tracking Helix Energy Solutions Group (HLX) rated it a “buy” or some equivalent on March 7, 2018, and 18% rated it a “hold.”
Analysts’ rating changes for TS
From December 7, 2017, to March 7, 2018, the percentage of analysts recommending a “buy” or some equivalent for TS stock has increased from 39% to 42%. The “hold” recommendations have decreased. A year ago, ~38% of the sell-side analysts recommended a “buy” for TS stock.
Analysts’ target prices for TS
Wall Street analysts’ mean target price for TS on March 7, 2018, was $35.54. TS is currently trading at $35.20, implying a ~1% upside from its current price. A month ago, analysts’ average target price for TS was $33.70.
Target prices for TS’s peers
The mean target price among sell-side analysts for FTS International (FTSI) was $29.33 on March 7, 2018. FTSI is currently trading at $19.61, implying almost a 50% return from its current price. The mean target price among sell-side analysts for NCS Multistage Holdings (NSCM) was $22.30 on March 7, 2018. NCSM is currently trading at $15.63, which implies a 43% upside to its current price.
For more information, be sure to read Market Realist’s How Schlumberger and Halliburton Stack Up after 4Q17 Results. Also read Market Realist’s Schlumberger and Halliburton: A Comparison after 4Q17.