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TS
Stock ticker: NYSE
AS OF
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Capitalization
18.73B

TS Tenaris S A Forecast, Technical & Fundamental Analysis

a manufacturer of welded and seamless steel pipes

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for TS with price predictions
08:00 PM EDT Sep 28, 2023

Momentum Indicator for TS turns negative, indicating new downward trend

TS saw its Momentum Indicator move below the 0 level on September 20, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 86 similar instances where the indicator turned negative. In of the 86 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for TS turned negative on September 19, 2023. 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 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .

TS moved below its 50-day moving average on September 19, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for TS crossed bearishly below the 50-day moving average on September 11, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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

The Aroon Indicator for TS entered a downward trend on September 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 61 cases where TS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TS advanced for three days, in of 298 cases, the price rose further within the following month. The odds of a continued upward trend are .

TS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (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 (1.166) is normal, around the industry mean (3.862). P/E Ratio (4.978) is within average values for comparable stocks, (41.514). Projected Growth (PEG Ratio) (3.059) is also within normal values, averaging (2.132). Dividend Yield (0.033) settles around the average of (0.040) among similar stocks. P/S Ratio (1.230) is also within normal values, averaging (2.427).

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

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (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.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Schlumberger Limited (NYSE:SLB), Halliburton Company (NYSE:HAL), Valaris Limited (NYSE:VAL).

Industry description

The oilfield services/equipment industry is involved in providing various equipment and services to oil and natural gas producers. These companies rent drilling rigs and/or provide services to build and maintain oil and gas wells. The performance of this industry is dependent on demand for oil and natural gas, which in turn is often driven by macroeconomic conditions or business cycles. Schlumberger NV, Halliburton Company, and Baker Hughes are some of the biggest oilfield services companies.

Market Cap

The average market capitalization across the Oilfield Services/Equipment Industry is 3.13B. The market cap for tickers in the group ranges from 717 to 82.86B. SLB holds the highest valuation in this group at 82.86B. The lowest valued company is FLSS at 717.

High and low price notable news

The average weekly price growth across all stocks in the Oilfield Services/Equipment Industry was -2%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 16%. ETOLF experienced the highest price growth at 20%, while VYEY experienced the biggest fall at -56%.

Volume

The average weekly volume growth across all stocks in the Oilfield Services/Equipment Industry was 35%. For the same stocks of the Industry, the average monthly volume growth was 64% and the average quarterly volume growth was 34%

Fundamental Analysis Ratings

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

Valuation Rating: 59
P/E Growth Rating: 73
Price Growth Rating: 45
SMR Rating: 70
Profit Risk Rating: 85
Seasonality Score: 0 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

TS is expected to report earnings to fall 27.37% to $1.38 per share on November 01

Tenaris S A TS Stock Earnings Reports
Q3'23
Est.
$1.38
Q2'23
Beat
by $0.07
Q1'23
Beat
by $0.26
Q4'22
Missed
by $0.01
Q3'22
Beat
by $0.04
The last earnings report on August 02 showed earnings per share of $1.90, beating the estimate of $1.83. With 3.39M shares outstanding, the current market capitalization sits at 18.73B.
A.I.Advisor
published Dividends

TS paid dividends on May 24, 2023

Tenaris S A TS Stock Dividends
А dividend of $0.68 per share was paid with a record date of May 24, 2023, and an ex-dividend date of May 22, 2023. Read more...
A.I. Advisor
published General Information

General Information

a manufacturer of welded and seamless steel pipes

Industry OilfieldServicesEquipment

Profile
Fundamentals
Details
Industry
Steel
Address
26, Boulevard Royal
Phone
+352 26478978
Employees
25292
Web
https://www.tenaris.com
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TS and

Correlation & Price change

A.I.dvisor indicates that over the last year, TS has been closely correlated with HAL. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if TS jumps, then HAL could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TS
1D Price
Change %
TS100%
-1.47%
HAL - TS
76%
Closely correlated
-3.09%
SLB - TS
73%
Closely correlated
-4.33%
BKR - TS
73%
Closely correlated
-3.44%
CHX - TS
71%
Closely correlated
-2.44%
OII - TS
70%
Closely correlated
-4.39%
More

Groups containing TS

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TS
1D Price
Change %
TS100%
-1.47%
TS
(undefined stocks)
83%
Closely correlated
-3.11%
Oilfield Services/Equipment
(undefined stocks)
81%
Closely correlated
-1.52%
Industrial Services
(undefined stocks)
67%
Closely correlated
-1.12%
pipe
(undefined stocks)
58%
Loosely correlated
-2.26%
welding
(undefined stocks)
57%
Loosely correlated
-2.35%
More