Type
|
Sociedad Anónima |
---|---|
Traded as | BIT: TEN NYSE: TS BCBA: TS BMV: TS |
Industry | Oilfield services |
Founded | 2001 (2001) |
Headquarters | Luxembourg City, Luxembourg |
Key people
|
Paolo Rocca (Chairman and CEO) |
Products | Steel pipes for oil and gas, energy and automotive industries |
Revenue | US$ 4.3 billion (2016) |
Profit | US$ 59 million (2016) |
Number of employees
|
19,399 |
Parent | Techint |
Website | www.tenaris.com |
Tenaris is a global manufacturer and supplier of steel pipes and related services, primarily for the energy industry with nearly 21,750 employees around the world. It is a majority-owned subsidiary company of the Techint Group, which has interests in steel, energy, engineering and construction and industrial equipment.
It is headquartered in Luxembourg and is also a supplier of welded steel pipes for gas pipelines in South America. With manufacturing facilities in Argentina, Brazil, Canada, China, Colombia, Italy, Japan, Mexico, Romania, and USA and a network of customer service centers in over 20 countries. Tenaris has an annual production capacity of 3.3 million tons of seamless, and 2.8 million tons of welded pipes, annual consolidated net sales in excess of US$12.1 billion (2008) and 23,500 employees worldwide. In 2007 Tenaris bought Hydril and later split the premium connections from pressure control side of the business. The pressure control business was sold to GE Oil and Gas in April 2008.
The company's CEO is Paolo Rocca; its CFO is Edgardo G. Carlos, its CIO is Carlos Pappier and its Planning Director is Alejandro Lammertyn.
On 17 May 2011, Tenaris agreed to pay the US Department of Justice US$8.9 million in the first ever deferred prosecution agreement with the Securities and Exchange Commission.
A settlement was reached after Tenaris voluntarily disclosed details of illicit payments made to officials of an Uzbek state-controlled oil firm which were not properly recorded in the company's financial statements.
According to the Department of Justice, Tenaris paid bribes through local agents to obtain competitor’s bid information, which it used to submit revised bids in order to secure tenders.
An official at the Department of Justice said: "The company's immediate self-reporting, thorough internal investigation, full cooperation with SEC staff, enhanced anti-corruption procedures and enhanced training made it an appropriate candidate for the Enforcement Division's first Deferred Prosecution Agreement."
On December 24, 2013, over 100 disgruntled ex-employees of Tenaris Tamsa in Veracruz stormed the facilities and were attacked with sticks, pipes and stones by supporters of the worker's union, "Sindicato Union y Progreso", or SNUP. These workers had been dismissed by the company in 2012 for their violence after attempting to elect a new union leader, Jose Carlos Guevara Moreno, "El Profe". Pascual Lagunes Ochoa, who as of April 2016 remains as the union leader of SNUP, and often attends and speaks at public events. The ex-employees are currently in a legal battle against the company, having been denied their severance. They have also requested that he be audited by Hacienda, the tax collection branch of the government.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2022 | 2022-11-03 | Future report Set alerts | |
Q2 2022 | 2022-08-03 | 0.00 | 0.00 |
Q1 2022 | 2022-04-27 | 0.85 | 0.85 |
Q4 2021 | 2022-02-18 | 0.63 | 0.63 |
Q3 2021 | 2021-11-09 | 0.56 | 0.56 |
Q2 2021 | 2021-08-09 | 0.50 | 0.50 |
Q1 2021 | 2021-04-30 | 0.18 | 0.18 |
Q4 2020 | 2021-02-24 | 0.00 | 0.00 |
Q3 2020 | 2020-11-04 | 0.00 | 0.00 |
Q2 2020 | 2020-08-05 | -0.08 | -0.08 |
2016-06-23 | Reiterated Rating | Raymond James | Hold | |
2016-06-23 | Reiterated Rating | Raymond James Financial Inc. | Hold | |
2016-05-02 | Downgrade | Scotiabank | Focus List to Outperform | $28.00 to $31.00 |
2016-05-02 | Downgrade | Howard Weil | Focus Stock to Sector Outperform | $28.00 to $31.00 |
2016-04-25 | Downgrade | Credit Suisse | Neutral to Underperform | |
2016-04-25 | Downgrade | Credit Suisse Group AG | Neutral to Underperform | |
2016-04-20 | Upgrade | Citigroup Inc. | Sell to Neutral | $19.00 to $28.00 |
2016-04-19 | Boost Price Target | Morgan Stanley | Underweight | $25.00 to $34.00 |
2016-03-28 | Boost Price Target | Howard Weil | $26.00 to $28.00 | |
2016-02-26 | Upgrade | Credit Suisse | Underperform to Neutral | |
2016-02-25 | Downgrade | Capital One Financial Corp. | Overweight to Equal Weight | |
2016-02-23 | Downgrade | Morgan Stanley | Overweight to Equal Weight | $25.00 to $26.00 |
2016-02-11 | Downgrade | JPMorgan Chase & Co. | Neutral to Underweight | $27.00 to $21.00 |
2016-02-08 | Upgrade | Goldman Sachs | Neutral to Buy | |
2016-02-08 | Upgrade | Goldman Sachs Group Inc. | Neutral to Buy | |
2016-02-02 | Upgrade | Capital One Financial Corp. | Equal Weight to Overweight | |
2016-01-20 | Upgrade | Macquarie | Neutral to Outperform | |
2015-12-15 | Reiterated Rating | Scotiabank | Focus Stock | |
2015-12-14 | Upgrade | Howard Weil | Sector Outperform to Focus Stock | |
2015-12-01 | Upgrade | Guggenheim | Neutral to Buy | |
2015-11-06 | Downgrade | Kepler Capital Markets | Buy to Hold | |
2015-10-21 | Downgrade | BNP Paribas | Neutral to Underperform | |
2015-10-20 | Downgrade | Citigroup Inc. | Buy to Neutral | |
2015-10-07 | Downgrade | Credit Suisse | Neutral to Underperform | |
2015-09-17 | Upgrade | Scotiabank | Sector Perform to Outperform | $32.00 |
2015-09-17 | Upgrade | Howard Weil | Sector Perform to Sector Outperform | $32.00 |
2015-09-14 | Boost Price Target | Goldman Sachs | $28.60 to $28.80 | |
2015-09-08 | Upgrade | Sanford C. Bernstein | Market Perform to Outperform | |
2015-08-07 | Reiterated Rating | Cowen and Company | Market Perform | $29.00 to $27.00 |
2015-06-22 | Downgrade | Bank of America | Neutral to Underperform | $32.00 to $26.00 |
2015-06-22 | Downgrade | Bank of America Corp. | Neutral to Underperform | $32.00 to $26.00 |
2015-02-20 | Downgrade | Macquarie | Outperform to Neutral | |
2015-02-20 | Downgrade | BNP Paribas | Outperform to Neutral | |
2014-10-14 | Initiated Coverage | Evercore ISI | Hold | $41.00 |
2014-09-11 | Upgrade | Morgan Stanley | Equal Weight to Overweight | |
2014-07-03 | Upgrade | Goldman Sachs | Sell to Neutral | |
2014-06-06 | Upgrade | Guggenheim | Neutral to Buy | $47.00 to $55.00 |
2014-05-09 | Downgrade | Morgan Stanley | Overweight to Equal Weight | |
2014-05-06 | Downgrade | Howard Weil | Sector Outperform to Sector Perform | $49.00 to $47.00 |
2014-05-05 | Reiterated Rating | Barclays | Equal Weight | $41.00 |
2014-02-24 | Lower Price Target | Barclays | Equal Weight | $49.00 to $45.00 |
2014-02-19 | Downgrade | Banca Akros | Hold | |
2014-01-09 | Upgrade | Howard Weil | Sector Perform to Outperform | $53.00 |
2013-12-17 | Boost Price Target | Barclays | Equal Weight | $47.00 to $49.00 |
2013-11-08 | Downgrade | Natixis | Neutral to Reduce | |
2013-10-31 | Initiated Coverage | Macquarie | Neutral | |
2013-10-17 | Initiated Coverage | Citigroup Inc. | Hold to Buy | |
2013-09-27 | Downgrade | Bank of America | Buy to Neutral | |
2013-02-25 | Reiterated | Dahlman Rose | Hold | $45 to $43 |
2012-10-11 | Downgrade | Howard Weil | Market Outperform to Market Perform | |
2012-02-27 | Reiterated | Dahlman Rose | Buy | $46 to $48 |
2010-11-18 | Initiated | Barclays Capital | Overweight | $56 |
2010-09-23 | Initiated | Howard Weil | Market Outperform | $48 |
2010-03-23 | Downgrade | UBS | Buy to Neutral | |
2009-10-09 | Initiated | UBS | Buy |
2016-06-23 | Reiterated Rating | Raymond James | Hold | |
2016-06-23 | Reiterated Rating | Raymond James Financial Inc. | Hold | |
2016-05-02 | Downgrade | Scotiabank | Focus List to Outperform | $28.00 to $31.00 |
2016-05-02 | Downgrade | Howard Weil | Focus Stock to Sector Outperform | $28.00 to $31.00 |
2016-04-25 | Downgrade | Credit Suisse | Neutral to Underperform |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In TS 135 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Westwood Global Investments, LLC | 8.84M |
FMR LLC | 4.38M |
VAN ECK ASSOCIATES CORP | 4.08M |
HARDING LOEVNER LP | 3.55M |
PRICE T ROWE ASSOCIATES INC /MD/ | 1.84M |
MORGAN STANLEY | 1.78M |
RENAISSANCE TECHNOLOGIES LLC | 1.58M |
BAMCO INC /NY/ | 1.35M |
BANK OF AMERICA CORP /DE/ | 1.32M |
PARAMETRIC PORTFOLIO ASSOCIATES LLC | 1.28M |
BlackRock Inc. | 1.23M |
SCOPUS ASSET MANAGEMENT, L.P. | 1.00M |
Clark Capital Management Group, Inc. | 0.91M |
AGF INVESTMENTS INC. | 0.85M |
CITADEL ADVISORS LLC | 0.84M |