Tenaris Details Late-December Share Buybacks Under $1.2 Billion Program

Tenaris SA ( (TS) ) has shared an update.

Between December 29, 2025 and January 2, 2026, Tenaris repurchased 3,320,025 ordinary shares for a total consideration of €54.6 million (about USD 64.2 million) under the second tranche of its previously announced USD 1.2 billion share buyback program, which covers up to USD 600 million of open-market purchases. As a result, as of January 2, 2026 the company held 62,328,172 ordinary shares in treasury, equal to 5.81% of its issued share capital, and it stated that it intends to cancel the treasury shares acquired under the buyback programs, signaling a continuing capital management effort that may support earnings per share and shareholder value.

The most recent analyst rating on (TS) stock is a Hold with a $42.00 price target. To see the full list of analyst forecasts on Tenaris SA stock, see the TS Stock Forecast page.

Spark’s Take on TS Stock

According to Spark, TipRanks’ AI Analyst, TS is a Outperform.

Tenaris SA’s strong financial performance and robust balance sheet are the most significant factors contributing to its score. The company’s valuation is attractive, with a reasonable P/E ratio and a solid dividend yield. However, technical indicators suggest the stock may be overbought in the short term. The earnings call provided a mixed outlook, with strong performance tempered by challenges such as tariffs and working capital issues.

To see Spark’s full report on TS stock, click here.

More about Tenaris SA

Tenaris S.A., based in Luxembourg and listed in New York, Mexico and Italy, is a leading global supplier of steel tubes and related services, primarily serving the world’s energy industry as well as certain other industrial applications.

Average Trading Volume: 1,206,601

Technical Sentiment Signal: Buy

Current Market Cap: $20.64B

See more data about TS stock on TipRanks’ Stock Analysis page.