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Fly News Breaks for March 29, 2016
TS
Mar 29, 2016 | 08:03 EDT
Bernstein says that Tenaris is "safe like an oil major," with "limited downside risk," but can rise twice as much as oil majors. The firm calls the name "one of the most exciting oil services value opportunities." It suggests buying the stock in the middle of this year and keeps an Outperform rating on the shares.
News For TS From the Last 2 Days
TS
Apr 25, 2024 | 16:55 EDT
The company said, "For the second quarter, as anticipated, our sales and margins will be lower than the first quarter reflecting the ongoing decline in OCTG prices in the Americas. In the third quarter, we will have stoppages at many of our mills, including at our Siderca steel shop where we will install a new furnace that will improve our environmental footprint, and this will lead to a further decline in sales and margins in the quarter."
