Analysts Advise Caution on Tenaris (TS)

The share price of Tenaris S.A. (NYSE:TS) fell by 4.25% between December 17 and December 24, 2025, putting it among the Energy Stocks that Lost the Most This Week.

Tenaris S.A. (NYSE:TS) is the leading manufacturer of pipes and related services for the global energy industry and certain other industrial applications. The company also supplies pipes and tubular components for low-carbon energy applications.

Morgan Stanley assumed coverage of Tenaris S.A. (NYSE:TS) on December 15 with an ‘Underweight’ rating and a price target of $36, up from $35. While energy services stocks have rebounded from their lows, the analyst firm advises caution, as it expects shorter-cycle North American onshore spending to remain limited due to an uncertain oil backdrop.

On the same day, Goldman Sachs analyst Michele Della Vigna initiated coverage of Tenaris S.A. (NYSE:TS) with a ‘Neutral’ rating and a price target of $43.6. The analyst firm sees few growth drivers for the stock in the short term and expects it to be less favorably positioned heading into 2026, given its higher exposure to US shale.

It is worth noting that analysts have recently warned that U.S. shale may suffer a reversal of fortunes in the current low-price environment, given its high production costs and low recovery rates relative to conventional oil.

While we acknowledge the potential of TS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.