TS Stock Summary and Trading Ideas (Tenaris S.A. American Depositary Shares | NYSE:TS)

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.

Tenaris S.A. American Depositary Shares trades on the NYSE stock market under the symbol TS.

As of April 15, 2024, TS stock price declined to $38.20 with 1,034,236 million shares trading.

TS has a beta of 1.10, meaning it tends to be more sensitive to market movements. TS has a correlation of 0.26 to the broad based SPY ETF.

TS has a market cap of $22.00 billion. This is considered a Large Cap stock.

Last quarter Tenaris S.A. American Depositary Shares reported $3 billion in Revenue and $1.92 earnings per share. This beat revenue expectation by $325 million and exceeded earnings estimates by $.92.

In the last 3 years, TS stock traded as high as $40.73 and as low as $18.80.

The top ETF exchange traded funds that TS belongs to (by Net Assets): OIH, ICOW, SLX, VXUS, VEU.

TS has outperformed the market in the last year with a price return of +32.0% while the SPY ETF gained +23.9%. TS has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +18.2% and -3.3%, respectively, while the SPY returned +6.2% and -3.4%, respectively.

TS support price is $38.06 and resistance is $39.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TS stock will trade within this expected range on the day.