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

Tenaris ( TS) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 1.5%. By the end of trading, Tenaris rose 51 cents (1.5%) to $35.28 on average volume. Throughout the day, 1.4 million shares of Tenaris exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in a price between $34.50-$35.39 after having opened the day at $34.60 as compared to the previous trading day's close of $34.77. Other companies within the Metals & Mining industry that increased today were: Atlatsa Resources ( ATL), up 11%, China Shen Zhou Mining & Resources ( SHZ), up 5.6%, Polymet Mining ( PLM), up 5.4%, and Comstock Mining ( LODE), up 4.9%.

Tenaris S.A., through its subsidiaries, engages in the manufacture and sale of steel pipe products. Tenaris has a market cap of $21.01 billion and is part of the basic materials sector. The company has a P/E ratio of 31.5, above the average energy industry P/E ratio of 14.4 and above the S&P 500 P/E ratio of 17.7. Shares are down 6.5% year to date as of the close of trading on Friday. 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 expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Patriot Coal Corporation ( PCX), down 35.2%, James River Coal Company ( JRCC), down 18.9%, Jaguar Mining ( JAG), down 10.3%, and Quaterra Resources ( QMM), down 9.8%, were all losers within the metals & mining industry with Peabody Energy Corporation ( BTU) being today's metals & mining industry loser.

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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