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 down 0.5%. By the end of trading, Tenaris rose $0.47 (1.1%) to $43.77 on average volume. Throughout the day, 1,141,370 shares of Tenaris exchanged hands as compared to its average daily volume of 1,459,000 shares. The stock ranged in a price between $43.23-$43.80 after having opened the day at $43.29 as compared to the previous trading day's close of $43.30. Other companies within the Metals & Mining industry that increased today were: Crosshair Energy ( CXZ), up 17.6%, China Gerui Advanced Materials Group ( CHOP), up 12.6%, Quaterra Resources ( QMM), up 8.4% and Cardero Resources Corporation ( CDY), up 8.2%.
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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 $25.7 billion and is part of the basic materials sector. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7. Shares are up 3.3% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Tenaris a buy, no analysts rate it a sell, and 8 rate it a hold.

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, increase in stock price during the past year 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, Prospect Global Resources ( PGRX), down 13.3%, Kimber Resources ( KBX), down 7.9%, China Natural Resources ( CHNR), down 7.4% and Minco Gold Corporation ( MGH), down 7.2% , were all laggards within the metals & mining industry with Teck Resources ( TCK) being today's metals & mining industry laggard.

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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