Tenaris SA ( (TS) ) has issued an announcement.
Tenaris S.A. announced the progress of its USD 700 million Share Buyback Program, initiated on November 10, 2024. Between February 24 and February 28, 2025, the company repurchased 150,000 ordinary shares for approximately USD 2.8 million. As of February 28, 2025, Tenaris holds 90,095,494 ordinary shares in treasury, representing 7.75% of its total issued share capital. The company plans to cancel the repurchased shares in due course, which could impact its share value and market positioning.
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: -0.08%
Average Trading Volume: 1,447,725
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $22.19B
For a thorough assessment of TS stock, go to TipRanks’ Stock Analysis page.