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Apr 06, 2020
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Tenneco's (TEN, $2.92) 3.48 million shares bought by Carl Icahn

Tenneco's (TEN, $2.92) 3.48 million shares bought by Carl Icahn

Tenneco revealed that  activist investor Carl Icahn bought 3.48 million Tenneco Class A shares on April 1.

The Icahn Enterprises Holdings investment is worth $10.86 million at the close of trading April 1.

Icahn already was the company’s largest shareholder before that acquisition with a 9.9% stake.

Tenneco has been struggling with the COVID-19 pandemic’s impact. On Friday, it withdrew its first-quarter and full-year earnings guidance.

In January, Dan Ninivaggi, who used to run Icahn Automotive Group and also is a shareholder in Tenneco through his Protean Services firm, demanded that half of Tenneco’s board be replaced. He also suggested that Tenneco should raise cash - to make good on its debt - by selling its aftermarket-parts unit or by selling the entire company.  The next day, Tenneco dropped co-CEO Roger Wood.

 

Related Ticker: TEN

Contributor

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.


Momentum Indicator for TEN turns positive, indicating new upward trend

TEN saw its Momentum Indicator move above the 0 level on October 28, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 84 similar instances where the indicator turned positive. In 69 of the 84 cases, the stock moved higher in the following days. The odds of a move higher are at 82%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a +2.08% 3-day Advance, the price is estimated to grow further. Considering data from situations where TEN advanced for three days, in 247 of 305 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.

The Aroon Indicator entered an Uptrend today. In 234 of 296 cases where TEN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 79%.

Bearish Trend Analysis

The 10-day RSI Indicator for TEN moved out of overbought territory on October 14, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 47 similar instances where the indicator moved out of overbought territory. In 35 of the 47 cases, the stock moved lower in the following days. This puts the odds of a move lower at 74%.

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

The Moving Average Convergence Divergence Histogram (MACD) for TEN turned negative on October 30, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In 29 of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at 64%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TEN declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 65%.

TEN broke above its upper Bollinger Band on October 12, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is 6 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 41, placing this stock better than average.

The Tickeron Valuation Rating of 33 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.814) is normal, around the industry mean (160.819). P/E Ratio (5.456) is within average values for comparable stocks, (7.071). Projected Growth (PEG Ratio) (0.156) is also within normal values, averaging (13.660). Dividend Yield (0.074) settles around the average of (149858533376.000) among similar stocks. P/S Ratio (1.825) is also within normal values, averaging (4.657).

The Tickeron Price Growth Rating for this company is 35 (best 1 - 100 worst), indicating steady price growth. TEN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is 54 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is 83 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Enterprise Products Partners LP (NYSE:EPD), Kinder Morgan (NYSE:KMI), Energy Transfer LP (NYSE:ET), Cheniere Energy (NYSE:LNG), Targa Resources Corp (NYSE:TRGP), Plains All American Pipeline LP (NASDAQ:PAA), Antero Midstream Corp (NYSE:AM), Plains GP Holdings LP (NASDAQ:PAGP), CMB.TECH NV (NYSE:CMBT), Scorpio Tankers (NYSE:STNG).

Industry description

Oil & Gas Pipelines industry includes companies that transport natural gas and crude oil through pipelines. These companies also collect and market the fuels. The pipeline segment could be considered as a midstream operation – functioning as a link between the upstream and downstream operations in the oil and gas industry. Some of the largest U.S. pipeline players include Enterprise Products Partners L.P, TC Energy Corporation and Energy Transfer, L.P.

Market Cap

The average market capitalization across the Oil & Gas Pipelines Industry is 17.59B. The market cap for tickers in the group ranges from 32.88K to 110.24B. ENB holds the highest valuation in this group at 110.24B. The lowest valued company is BROGF at 32.88K.

High and low price notable news

The average weekly price growth across all stocks in the Oil & Gas Pipelines Industry was 2%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 4%. NFE experienced the highest price growth at 41%, while RBNE experienced the biggest fall at -27%.

Volume

The average weekly volume growth across all stocks in the Oil & Gas Pipelines Industry was 6%. For the same stocks of the Industry, the average monthly volume growth was 26% and the average quarterly volume growth was 15%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 57
Price Growth Rating: 48
SMR Rating: 53
Profit Risk Rating: 40
Seasonality Score: -41 (-100 ... +100)
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General Information

a manufacturer of automotive emission control, ride control products and systems

Industry OilGasPipelines

Industry
Auto Parts OEM
Address
367 Syngrou Avenue
Phone
+30 2109407710
Employees
3000
Web
https://www.tenn.gr
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