Tenaris SA

TEN: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Tenaris Earnings: Increasing Offshore Drilling Promises a Strong 2024 for Tenaris

Travis Miller , Jivyaa Vaidya

Feb 25, 2024

We maintain our $37 fair value estimate of no-moat Tenaris after the company closed 2023 with a robust fourth quarter.

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Tenaris SA

Tenaris Earnings: Increasing Offshore Drilling Promises a Strong 2024 for Tenaris

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