Shares of Tenaris S.A. American Depositary Shares (NYSE:TS) traded at a new 52-week high today of $30.76. Approximately 899,000 shares have changed hands today, as compared to an average 30-day volume of 3.6 million shares.
Tenaris S.A. American Depositary Shares (NYSE:TS) defies analysts with a current price ($30.68) 3.6% above its average consensus price target of $29.57.
In the past 52 weeks, Tenaris S.A. American Depositary Shares share prices are bracketed by a low of $18.80 and a high of $30.76 and is now at $30.68, 63% above that low price.
Tenaris is one of the largest global producers of oil country tubular goods, which are used primarily in the construction of oil and gas wells. The company’s production facilities are located primarily in the U.S., Argentina, Mexico, and Italy. Tenaris’ premium OCTG products are among the most trusted by oil companies for use in the most challenging applications, including deep-water offshore as well as horizontal shale wells.
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