
Tenaris S.A. (TS) Stock Forecast & Price Target
Tenaris S.A. (TS) Analyst Ratings
Bulls say
Tenaris, a major global producer of oil country tubular goods, is positioned favorably due to its strategic production facilities across key regions including the US, Argentina, Mexico, and Italy, enhancing its operational efficiency. The company is experiencing a significant increase in demand, highlighted by a 70% rise in import volumes in 1H25 compared to 2H24, despite international deceleration. Furthermore, Tenaris' exposure in Argentina and Suriname has created a robust backlog for 2026, supporting a favorable outlook based on an improved supply/demand balance for OCTG products.
Bears say
Tenaris's recent performance has lagged in comparison to its peer group, with limited earnings revisions indicating stagnation in growth prospects. Steel prices, which are critical inputs for Tenaris's oil country tubular goods (OCTG), have flattened, leading to concerns about pricing sustainability in the industry. As a result, the muted EBITDA estimates for 2025 and 2026 reflect a challenging outlook for the company, suggesting that these issues are likely to persist.
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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