Tenaris S.A. American Depositary Shares (NYSE:TS) traded at a new 52-week high today of $29.94. This new high was reached on below average trading volume as 933,000 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.
Based on a current price of $29.81, Tenaris S.A. American Depositary Shares is currently 5.2% above its average consensus analyst price target of $28.27.
Over the past year, Tenaris S.A. American Depositary Shares has traded in a range of $18.80 to $29.94 and is now at $29.81, 59% above that low.
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