Tenaris SA (TS): Today's Featured Metals & Mining Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 0.6%. By the end of trading, Tenaris fell $1.37 (-3.0%) to $44.05 on heavy volume. Throughout the day, 2,806,944 shares of Tenaris exchanged hands as compared to its average daily volume of 1,156,400 shares. The stock ranged in price between $43.88-$45.83 after having opened the day at $45.83 as compared to the previous trading day's close of $45.42. Other companies within the Metals & Mining industry that declined today were:
(
), down 52.2%,
International Tower Hill Mines
(
), down 7.0%,
(
), down 6.5% and
(
), down 6.4%.
Tenaris S.A., through its subsidiaries, is engaged in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $26.7 billion and is part of the industrial goods sector. The company has a P/E ratio of 14.8, below the S&P 500 P/E ratio of 17.7. Shares are up 3.5% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Tenaris a buy, 1 analyst rates it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Tenaris
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Tenaris Ratings Report.
On the positive front,
TheStreet Recommends
(
), up 9.9%,
(
), up 4.9%,
(
), up 4.7% and
(
), up 4.7% , were all gainers within the metals & mining industry with
(
) being today's featured metals & mining industry leader.
- Use our metals & mining section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider
(
) while those bearish on the metals & mining industry could consider
PowerShares DB Base Metals Sht ETN
(
).
- Find other investment ideas from our top rated ETFs lists.
