Analysts Advise Caution on Tenaris (TS)

Core Viewpoint - Tenaris S.A. (NYSE:TS) is experiencing a decline in share price and analysts are advising caution regarding its future performance in the energy sector [1][3][4]. Group 1: Share Price Movement - The share price of Tenaris S.A. fell by 4.25% between December 17 and December 24, 2025, making it one of the energy stocks that lost the most during that week [1]. Group 2: Analyst Ratings and Insights - Morgan Stanley initiated coverage of Tenaris S.A. with an 'Underweight' rating and a price target of $36, indicating a slight increase from a previous target of $35, while expressing caution due to limited spending in North American onshore markets [3]. - Goldman Sachs also initiated coverage with a 'Neutral' rating and a price target of $43.6, noting a lack of growth drivers for the stock in the short term and concerns about its positioning heading into 2026 due to higher exposure to US shale [4]. - Analysts have warned that U.S. shale may face challenges in the current low-price environment, citing high production costs and low recovery rates compared to conventional oil [5].