
Tenaris S.A. (TS) Stock Forecast & Price Target
Tenaris S.A. (TS) Analyst Ratings
Bulls say
Tenaris's positive outlook is supported by a significant increase in import volumes, with a 70% rise in the first half of 2025 compared to the second half of 2024, indicating strong demand for oil country tubular goods (OCTG). The company's strategic presence in Argentina and Suriname is expected to create a robust backlog for 2026, enhancing its revenue visibility and operational stability. Additionally, an anticipated inflection in OCTG pricing due to an improved supply/demand balance is likely to further strengthen Tenaris's market position and financial performance.
Bears say
Tenaris's stock outlook is negatively impacted by its underperformance relative to peers, with recent market activity showing a mere 1% gain, reflecting muted earnings revisions. The flattening of steel prices, crucial to the production of oil country tubular goods (OCTG), indicates a stagnant market environment that could hinder growth prospects in the coming months. Furthermore, the lack of significant adjustments in EBITDA estimates for 2025 and 2026, remaining at 0% to -1% for Tenaris, suggests persistent concerns regarding profitability moving forward.
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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