Tenaris (ADR) (TS)
Makes tubular products and runs mill-to-well services for energy and industrial customers.
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Supplies OCTG, line pipe, premium connections and related services through a global manufacturing and service network. Tubes generates most sales, North America is the largest region, and demand depends on drilling activity, project timing, trade policy and mill utilization.
Manufactures seamless and welded OCTG, line pipe, premium connections, industrial tubes and tubular components. Rig Direct logistics, coating, inspection and field support extend the offer from mill to well, while the same metallurgy serves geothermal, hydrogen and carbon-capture applications.
Tubes accounts for most sales, with Others covering oilfield services, sucker rods, coiled tubing and selected construction products. North America is the largest region, alongside operations and customers across South America, Europe, Asia, the Middle East and Africa.
Execution depends on integrated steelmaking, pipe production, regional finishing and proprietary connection technology. Demand follows oil-and-gas drilling and project timing, while tariffs, local-content rules, raw-material inputs and fixed-cost mill utilization shape operations.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 20, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $65 | Target: $60 |
| Aug 10, 2026 | Barclays | Reiterate | Rating: —Target: $82 | Target: $80 |
| Jul 15, 2026 | Morgan Stanley | Upgrade | Target: $53 | Target: $65 |
| May 18, 2026 | Piper Sandler | Reiterate | Rating: —Target: $56 | Target: $60 |
| May 14, 2026 | Morgan Stanley | Target | Target: $50 | Target: $53 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.78B · Total debt $447.0M · Total assets $20.31B · Shareholders' equity $16.96B
- Revenue
- $2.97B
- Operating income
- $494.0M
- Net income
- $477.1M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 7.10% | 38.12M ADS | |
|---|---|---|---|
| 295 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Other | ≈ 92.90% | 498.45M ADS | |
| remainder | |||
536.56M ADS (1 ADS = 2 ordinary shares) as of Sep 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2023 annual report; nothing newer is on file here.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Aberdeen Asset Management PLCInstitution | 5.17% | 27.74M | filed Feb 8, 2017 |
FMR LLCInstitution | 1.26% | 6.76M ADS | as of Jun 30, 2026 |
Renaissance Technologies LLCInstitution | 0.57% | 3.06M ADS | as of Jun 30, 2026 |
Van Eck Associates CorpInstitution | 0.46% | 2.48M ADS | as of Jun 30, 2026 |
Wellington Management Group LLPInstitution | 0.46% | 2.46M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- ArcelorMittal (ADR)
Broad tubular rival in OCTG, line pipe, coatings, and process pipe
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Tenaris (ADR) | $56.12 | +0.27% | $30.03B | 15.3 | 14.6 | 2.5 | −5.1% |
| ArcelorMittal (ADR) | $73.05 | +0.70% | $55.21B | 30.7 | — | 0.9 | +5.2% |
| Median | 30.7 | — | 0.9 | +5.2% |