Shares of Tenaris S.A. American Depositary Shares (NYSE:TS) traded today at $28.57, eclipsing its 52-week high. So far today approximately 2.3 million shares have been exchanged, as compared to an average 30-day volume of 3.2 million shares.
Tenaris S.A. American Depositary Shares share prices have moved between a 52-week high of $28.57 and a 52-week low of $18.80 and are now trading 51% above that low price at $28.40 per share.
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) defies analysts with a current price ($28.40) 7.7% above its average consensus price target of $26.23.
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