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

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

Delayed Quote. Delayed BATS Europe - 09/29 03:17:08 pm
12.405 EUR   +8.44%
09/27 TENARIS : employee reportedly among the missing following helicopter..
09/14 TENARIS : Rig Direct™ to be featured at Lloydminster Heavy Oil..
09/13 TENARIS : announces recall of employees at AlgomaTubes mill
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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
09/27 TENARIS : employee reportedly among the missing following helicopter crash
09/14 TENARIS : Rig Direct™ to be featured at Lloydminster Heavy Oil Show
09/13 TENARIS : announces recall of employees at AlgomaTubes mill
09/08 TENARIS : presents Rig Direct™ at DUG Eagle Ford
09/08 Global Pipe Coating Market 2016 - Akzonobel, Arkema, Covestro, Tenaris, Wasco..
09/06 TENARIS : Gran Tierra Energy extends contract with Tenaris in Colombia
08/05 TENARIS : Announces 2016 Second Quarter Results
08/04 TENARIS : Wedge 563® Dopeless® connections improve efficiency in the Bass Strait
08/03 TERNIUM : Tenaris anuncia los resultados del segundo trimestre de 2016
08/03 TENARIS : Announces 2016 Second Quarter Results
More news
Sector news : Oil Related Equipment
09/27DJOil Prices Slide as Traders Doubt OPEC Deal
09/26DJWilliams Unveils More Board Changes
09/23DJRITE AID : Business Watch -- WSJ
09/22DJSCHLUMBERGER : Wins Part of $3.2 Billion Drilling Project in Venezuela
09/22DJSCHLUMBERGER : Correction to the Schlumberger story
More sector news : Oil Related Equipment
News from SeekingAlpha
08/04 Tenaris' (TS) CEO Paolo Rocca on Q2 2016 Results - Earnings Call Transcript
08/03 Tenaris misses by $0.04, misses on revenue
08/02 Notable earnings after Wednesday?s close
08/01 TIMKENSTEEL : Given The Poor Near-Term Outlook, Avoid Or Short This One
07/25 LATIN AMERICAN ADRS' HEATMAP : Weekly Update
Advertisement
Financials ($)
Sales 2016 4 871 M
EBIT 2016 4,00 M
Net income 2016 19,5 M
Finance 2016 1 047 M
Yield 2016 3,10%
P/E ratio 2016 480,48
P/E ratio 2017 51,36
EV / Sales 2016 2,89x
EV / Sales 2017 2,41x
Capitalization 15 144 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
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Average target price 15,2 $
Spread / Average Target 18%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Paolo Rocca Chairman & Chief Executive Officer
Edgardo Carlos Chief Financial Officer
Carlos Pappier Chief Process & Information Officer
Marcelo Ramos Technology Director
Roberto Luis Monti Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TENARIS SA3.20%15 144
YANTAI JEREH OILFIELD ..--.--%2 562
DRIL-QUIP, INC.-8.78%2 030
OIL STATES INTERNATION..4.59%1 463
CHINA OIL HBP SCIENCE&..--.--%1 023
CIRCOR INTERNATIONAL, ..38.62%960
More Results