Tenaris traded at $62.50 this Tuesday May 12th, increasing $0.63 or 1.02 percent since the previous trading session. Looking back, over the last four weeks, Tenaris gained 5.59 percent. Over the last 12 months, its price rose by 83.55 percent. Looking ahead, we forecast Tenaris to be priced at 61.42 by the end of this quarter and at 55.64 in one year, according to Trading Economics global macro models projections and analysts expectations.
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.