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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Tenaris ( TS) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Tenaris fell 49 cents (-1.1%) to $42.73 on average volume. Throughout the day, 1.2 million shares of Tenaris exchanged hands as compared to its average daily volume of 1.2 million shares. The stock ranged in price between $42.73-$43.14 after having opened the day at $43.07 as compared to the previous trading day's close of $43.22. Other companies within the Metals & Mining industry that declined today were: China Precision Steel ( CPSL), down 10%, Primero Mining ( PPP), down 8.9%, United States Antimony Corporation ( UAMY), down 8.1%, and Gold Standard Ventures ( GSV), down 6.5%.
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Tenaris S.A., through its subsidiaries, engages in the manufacture and sale of steel pipe products. Tenaris has a market cap of $25.94 billion and is part of the basic materials sector. The company has a P/E ratio of 38.9, above the average energy industry P/E ratio of 15.8 and above the S&P 500 P/E ratio of 17.7. Shares are up 16.2% 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Northern Dynasty Minerals ( NAK), up 14.1%, Quaterra Resources ( QMM), up 11.4%, Platinum Group Metal ( PLG), up 8.9%, and Midway Gold ( MDW), up 8.7%, were all gainers within the metals & mining industry with Barrick Gold Corporation ( ABX) being today's featured metals & mining industry leader.

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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