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

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 higher today making it today's featured metals & mining winner. The industry as a whole closed the day up 1.1%. By the end of trading, Tenaris rose $0.76 (1.8%) to $43.97 on average volume. Throughout the day, 1,248,093 shares of Tenaris exchanged hands as compared to its average daily volume of 1,369,300 shares. The stock ranged in a price between $43.34-$44.27 after having opened the day at $43.56 as compared to the previous trading day's close of $43.21. Other companies within the Metals & Mining industry that increased today were: L & L Energy ( LLEN), up 23.6%, Century Aluminum Company ( CENX), up 12.2%, Noranda Aluminum ( NOR), up 8.9% and Avino Silver & Gold Mines ( ASM), up 8.4%.
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Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $25.4 billion and is part of the basic materials sector. The company has a P/E ratio of 38.1, above the S&P 500 P/E ratio of 17.7. Shares are up 3.1% year to date as of the close of trading on Friday.

TheStreet Ratings rates Tenaris as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Quaterra Resources ( QMM), down 6.9%, Minco Gold Corporation ( MGH), down 6.5%, Harry Winston Diamond ( HWD), down 6.0% and International Tower Hill Mines ( THM), down 5.7%.

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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