Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Italian Stock Exchange  >  Tenaris SA    TEN   LU0156801721

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

YPF Tanks, Leading Argentine Stocks Lower

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/28/2012 | 11:15pm CEST

--YPF tanks ahead of President Kirchner's address to Congress on Thursday

--GDP warrants slide on concern about economic growth

--Peso barely moves versus the U.S. dollar

   By Taos Turner 
   Of  

Argentine stocks played catchup on Tuesday, making up for the poor performance of local shares traded in New York on Monday, when Argentina's market was closed because of its Flag Day holiday.

The Merval index fell 2.9% to 2682.09 in volume totaling ARS68 million ($15.6 million).

Shares of the oil and gas company YPF SA (YPFD.BA, YPF) tanked 7.5% to ARS147 on continued speculation that the government will nationalize the company or that some provinces might revoke some of its concessions.

"Yesterday was a bad day for local stocks in the U.S. and we're seeing a reflection of that today," said Adrian Mayoral, a trader at his family's brokerage.

Mayoral said investors are concerned about Argentine President Cristina Kirchner's administration and its unpredictable approach to economic policy.

"The government is dangerous because it's populist and doesn't think long-term. People are afraid that they'll be surprised by some kind of unexpected announcement. So there's some fear out there."

Kirchner is expected to address Congress on Thursday and speculation is rampant that she will announce some new policy measures, perhaps even something related to YPF.

Shares of financial group Grupo Financiero Galicia SA (GGAL.BA, GGAL) fell 3.7% in heavy trading to ARS3.37.

Telecom Argentina SA (TECO2.BA, TEO) fell 4.3% to ARS17.60; Tenaris SA (>> Tenaris S.A.) fell 3.55% to ARS93.70.

Sociedad Comercial del Plata (COME.BA) rose almost 4.4% to ARS0.715 to lead the gains.

The Global X FTSE Argentina 20 ETF rose 0.78% to $11.60.

Argentina's so-called GDP warrants slid sharply on concern that the economy will not perform strongly this year.

The TVPP 2025 warrant fell 4.9% to ARS13.15.

The peso was little changed against the U.S. dollar at ARS4.3555 on the MAE local foreign-exchange wholesale market compared with ARS4.3533 in the previous session.

Last year the peso weakened 7.6% against the dollar.

-By Taos Turner, Dow Jones Newswires; 5411-4103-6728; taos.turner@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TENARIS SA
03/23 TENARIS : mill in Calgary resumes operations following interruption
03/20 TENARIS : to exhibit at the 17th Subsea Tieback Forum & Exhibition
03/17 TENARIS : to exhibit at SPE/ICoTA Coiled Tubing and Well Intervention Conference
03/15 TENARIS : participates in DUG Bakken and Niobrara 2017
03/11 TENARIS : Global Sucker Rod Market-Nine Ring, Shandong Molong, Tenaris, Weatherf..
03/10 TENARIS : participating in SPE Latin America and Caribbean Mature Fields Symposi..
03/02 Covered Call Reports for KAR Auction Services Inc., Mead Johnson Nutrition Co..
02/23 TERNIUM : Tenaris anuncia los resultados del año y del cuarto trimestre de 2016
02/22 TENARIS : Announces 2016 Fourth Quarter and Annual Results
01/30 TENARIS : to speak at 2017 Permian Production Optimization Strategies summit
More news
Sector news : Oil Related Equipment
03/24 HALLIBURTON : warns of first-quarter profit miss as costs rise
03/09 U.S. shale firms lift reserves while oil majors take Canada hit
03/02 European shares end flat, Melrose and Subsea impress
02/24DJMARKET SNAPSHOT : Dow Poised To Snap Record-setting Streak, As Stock Futures Slu..
02/24DJMARKET SNAPSHOT : Dow Poised To Snap Record-setting Streak, As Stock Futures Slu..
More sector news : Oil Related Equipment
News from SeekingAlpha
03/28 Tenaris +5% on bullish outlook for global oil tubes market
03/07 Money pours into hot-handed Argentina stock ETF
02/22 Tenaris beats by $0.03, misses on revenue
02/21 Notable earnings after Wednesday?s close
01/20 Tenaris Has A Lot Of Appealing Qualities, But Undervaluation Isn't One Of The..
Advertisement
Financials ($)
Sales 2017 5 242 M
EBIT 2017 271 M
Net income 2017 258 M
Finance 2017 789 M
Yield 2017 2,52%
P/E ratio 2017 72,20
P/E ratio 2018 35,53
EV / Sales 2017 3,69x
EV / Sales 2018 2,98x
Capitalization 20 110 M
More Financials
Chart TENARIS SA
Duration : Period :
Tenaris SA Technical Analysis Chart | TEN | LU0156801721 | 4-Traders
Full-screen chart
Technical analysis trends TENARIS SA
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 14,9 $
Spread / Average Target -12%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Paolo Rocca Chairman & Chief Executive Officer
Edgardo Carlos Chief Financial Officer
Marcelo Ramos Technology Director
Roberto Luis Monti Independent Director
Guillermo Francisco Vogel Hinojosa Vice Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TENARIS SA-14.20%20 110
YANTAI JEREH OILFIELD ..--.--%2 933
DRIL-QUIP, INC.-12.49%1 987
OIL STATES INTERNATION..-21.54%1 624
CHINA OIL HBP SCIENCE&..--.--%1 206
SCHOELLER-BLECKMANN OI..-16.65%1 094
More Results