
Tenaris S.A. (TS) Stock Forecast & Price Target
Tenaris S.A. (TS) Analyst Ratings
Bulls say
Tenaris's stock benefits from a favorable supply and demand dynamic within the oil country tubular goods (OCTG) market, evidenced by a notable pricing inflection. The company's substantial exposure to Argentina and Suriname is generating a strong backlog for 2026, indicating increasing future demand despite a global deceleration in other markets. Increased imports, with a 70% rise in volume in the first half of 2025 compared to the second half of 2024, further highlights the company's resilience and competitive positioning in a challenging environment.
Bears say
Tenaris has demonstrated underperformance compared to its peers, with minimal earnings revisions indicating a lack of market optimism, as reflected in stagnant EBITDA estimates for 2025 and 2026. Additionally, the primary inputs for their oil country tubular goods—steel prices—have flattened, which points to a potentially challenging pricing outlook for the OCTG products. This combination of lagging performance and muted earnings expectations suggests ongoing challenges for Tenaris, contributing to a negative sentiment surrounding its stock.
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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