
Tenaris S.A. (TS) Stock Forecast & Price Target
Tenaris S.A. (TS) Analyst Ratings
Bulls say
Tenaris's outlook remains positive due to a significant 70% increase in import volumes during the first half of 2025 compared to the second half of 2024, indicating robust demand for its oil country tubular goods. Additionally, the company's strategic exposure in Argentina and Suriname is expected to yield a strong backlog for 2026, enhancing its future revenue potential. The anticipated OCTG pricing inflection, driven by an improved supply and demand balance, further underscores the favorable conditions that support Tenaris's growth prospects.
Bears say
Tenaris has exhibited underperformance compared to its peers, with the stock gaining only 1% over the past month, while earnings revisions have remained muted in the face of persistent concerns. The flat outlook for scrap and hot-rolled coil steel prices, which are crucial inputs for oil country tubular goods (OCTG), signals ongoing challenges for the company's pricing power and overall financial health. Furthermore, projected EBITDA estimates for 2025 and 2026 indicate little to no growth, highlighting a deteriorating earnings outlook that raises red flags for investors.
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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