
Tenaris S.A. (TS) Stock Forecast & Price Target
Tenaris S.A. (TS) Analyst Ratings
Bulls say
Tenaris has demonstrated a strong position in the oil country tubular goods (OCTG) market, with its premium products trusted for challenging applications like deep-water offshore wells and horizontal shale wells. The company's exposure to the Argentina and Suriname markets has resulted in a robust backlog for 2026, which provides a solid foundation for future revenue growth. Additionally, an anticipated OCTG pricing inflection, paired with an improved supply/demand balance, suggests favorable conditions for Tenaris’s financial performance in the near term.
Bears say
Tenaris has faced a challenging performance environment, as it and its peer VK have notably underperformed their group, recording minimal earnings growth over the past month. The flattening of steel prices, which are primary inputs for oil country tubular goods (OCTG), coupled with industry forecasts predicting continued stagnation, indicates potential headwinds for future profitability. Furthermore, muted earnings revisions for 2025 and 2026, showing little to no growth in EBITDA estimates, reinforce concerns regarding the company's financial outlook.
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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