Tenaris wins EU approval for Artrom deal: USD 63.96 target for Tenaris stock

Published on 10/20/2026 at 10:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tenaris stock has a USD 63.96 consensus target from 10 analysts. It costs EUR 52.25 on October 20, 2026, while NYSE closed at USD 58.43.

Acquisition approval and quarterly figures

European authorities approved the Artrom transaction on October 13, 2026.
Second-quarter revenue reached USD 2.97 billion, down 3.90 percent year over year.
Tenaris stock traded at EUR 52.25 at 10:36 a.m. CEST at Lang & Schwarz on October 20, 2026.

TS, US88031M1099, Illustration mit AI erstellt.

Tenaris (ISIN US88031M1099) won EU approval for its Artrom acquisition on October 13, 2026, according to MarketScreener. The transaction concerns 100 percent of the Romanian steel-tube producer Artrom, extending Tenaris' manufacturing network in Europe.

Approval adds a strategic asset

The European decision advances a transaction first announced on May 8, 2026. Tenaris said the deal involves acquiring 100 percent of Artrom's share capital, adding a seamless-pipe manufacturing plant to its industrial footprint, according to its Tenaris investor-relations page.

The chronology shows three distinct steps: on May 8, 2026, Tenaris announced the 100 percent acquisition; on August 5, 2026, it reported second-quarter revenue of USD 2.97 billion; and on October 13, 2026, the Artrom transaction received EU approval. The sequence moves the deal from agreement to regulatory clearance.

What does the latest quarter imply?

Tenaris reported second-quarter revenue of USD 2.97 billion, down 3.90 percent from the same period a year earlier. Adjusted earnings per share came to USD 0.95 versus a USD 0.79 consensus estimate, while the comparison highlights resilient profitability despite lower sales, according to MarketBeat.

Upcoming reporting dates

Tenaris' next scheduled reporting date is November 4, 2026, for third-quarter results. The company lists its conference call for November 5, 2026, giving investors two dated checkpoints for the Artrom integration and the next operating update.

Stock trades above EUR 52

Tenaris stock was trading at EUR 52.25 at Lang & Schwarz on October 20, 2026, at 10:36 a.m. CEST. The NYSE listing had closed at USD 58.43 on October 19, 2026, while the 12-month range stood at USD 34.15 to USD 64.60 and market capitalization at USD 31.2 billion.

The further course of trading is shown by the continuously updated real-time quote of Tenaris stock.