Tenaris Completes USD700 Million Share Buyback Program

Story Highlights
Tenaris Completes USD700 Million Share Buyback Program

The latest update is out from Tenaris SA ( (TS) ).

Tenaris S.A. has successfully completed its USD700 million Share Buyback Program, which was announced on November 10, 2024. The program, running from November 11, 2024, to March 4, 2025, resulted in the purchase of 36,862,132 ordinary shares, representing 3.17% of the total issued share capital at the start of the program. The company now holds 90,762,598 ordinary shares in treasury, equal to 7.81% of the total issued share capital, and plans to cancel these shares in due course. This strategic move is likely to impact Tenaris’s market positioning by potentially increasing shareholder value and optimizing capital structure.

More about Tenaris SA

Tenaris is a leading global supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications.

YTD Price Performance: -4.29%

Average Trading Volume: 1,466,297

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $21.21B

For an in-depth examination of TS stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App