Tenaris SA (TS): Today's Featured Metals & Mining Loser

Tenaris ( TS) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining loser. The industry as a whole closed the day down 0.6%. By the end of trading, Tenaris fell 70 cents (-2.2%) to $31.74 on light volume. Throughout the day, 1.2 million shares of Tenaris exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in price between $31.42-$32.13 after having opened the day at $31.64 as compared to the previous trading day's close of $32.44. Other company's within the Metals & Mining industry that declined today were: Patriot Coal Corporation ( PCX), down 12.4%, Atlatsa Resources ( ATL), down 6.5%, Sinocoking Coal and Coke Chemicals ( SCOK), down 6.5%, and Uranium Energy Corporation ( UEC), down 6.3%.

Tenaris S.A., through its subsidiaries, engages in the manufacture and sale of steel pipe products. Tenaris has a market cap of $18.63 billion and is part of the basic materials sector. The company has a P/E ratio of 27.9, above the average metals & mining industry P/E ratio of 12.7 and above the S&P 500 P/E ratio of 17.7. Shares are down 17.3% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate Tenaris a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Tenaris as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, USEC ( USU), up 25.1%, Gold Reserve ( GRZ), up 7.8%, China Precision Steel ( CPSL), up 7.5%, and James River Coal Company ( JRCC), up 6.7%, were all gainers within the metals & mining industry with Southern Copper Corporation ( SCCO) being today's featured metals & mining industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

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