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Fly News Breaks for September 10, 2018
TS
Sep 10, 2018 | 16:51 EDT
Stifel analyst Stephen Gengaro initiated Tenaris with a Buy rating and $41 price target. Gengaro believes Tenaris has a solid balance sheet with a net debt-to-capital ratio of under 4% and its track record of returning cash to shareholders, and expects Tenaris to continue to pay out dividends with a distinct possibility of an increase. The analyst is adding Tenaris to the Stifel Select List.
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."
