Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Tenaris SA (ADR) before investing.

In this article, we go over a few key elements for understanding Tenaris SA (ADR)’s stock price such as:

• Tenaris SA (ADR)’s current stock price and volume
• Why Tenaris SA (ADR)’s stock price changed recently
• Upgrades and downgrades for TS from analysts
• TS’s stock price momentum as measured by its relative strength

About Tenaris SA (ADR) (TS)

Before we jump into Tenaris SA (ADR)’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

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.

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Tenaris SA (ADR)’s Stock Price as of Market Close

As of November 02, 2023, 4:00 PM, CST, Tenaris SA (ADR)’s stock price was $34.60.

Tenaris SA (ADR) is up 8.7% from its previous closing price of $31.83.

During the last market session, Tenaris SA (ADR)’s stock traded between $31.51 and $31.98. Currently, there are 590.27 million shares of Tenaris SA (ADR) stock available for purchase.

Tenaris SA (ADR)’s price-earnings (P/E) ratio is currently at 5.1, which is low compared to the Oil & Gas - Related Services and Equipment industry median of 15.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Tenaris SA (ADR) Stock Price History

Tenaris SA (ADR)’s (TS) price is currently up 10.47% so far this month.

During the month of November, Tenaris SA (ADR)’s stock price has reached a high of $35.32 and a low of $31.51.

Over the last year, Tenaris SA (ADR) has hit prices as high as $38.00 and as low as $24.69. Year to date, Tenaris SA (ADR)’s stock is up 65.87%.

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What Caused Tenaris SA (ADR) Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of November 01, 2023, there was 1 analyst who downgraded Tenaris SA (ADR)’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Tenaris SA (ADR)’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Tenaris SA (ADR)’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Tenaris SA (ADR)’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Tenaris SA (ADR) (TS) by visiting AAII Stock Evaluator.

Relative Price Strength of Tenaris SA (ADR)

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of November 01, 2023, Tenaris SA (ADR) has a weighted four-quarter relative price strength of -0.79%, which translates to a Momentum Score of 66 and is considered to be Strong.

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Tenaris SA (ADR) Stock Price: Bottom Line

As of November 2, 2023, Tenaris SA (ADR)’s stock price is $34.60, which is up 8.7% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Tenaris SA (ADR) stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.