Tenaris S.A. American Depositary Shares (NYSE:TS) traded at a new 52-week high today of $30.24. This new high was reached on below average trading volume as 568,000 shares traded hands, while the average 30-day volume is approximately 3.6 million shares.
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.
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 $30.24 and is now at $29.87, 59% above that low price.
Tenaris S.A. American Depositary Shares (NYSE:TS) is currently priced 5.3% above its average consensus analyst price target of $28.27.
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