Tenaris S.A. American Depositary Shares (NYSE:TS) traded today at a new 52-week high of $34.76. This new high was reached on below average trading volume as 1.3 million shares traded hands, while the average 30-day volume is approximately 2.4 million shares.
In the past 52 weeks, shares of Tenaris S.A. American Depositary Shares have traded between a low of $18.80 and a high of $34.76 and is now at $34.58, which is 84% 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.
Tenaris S.A. American Depositary Shares (NYSE:TS) is currently priced 30.1% above its average consensus analyst price target of $24.18.
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