--- title: "Tenaris Cuts Issued Share Capital After Treasury Share Cancellation Approved on May 12, 2026" type: "News" locale: "en" url: "https://longbridge.com/en/news/286282750.md" description: "Tenaris SA has announced the cancellation of 62,355,174 treasury shares, reducing its issued share capital from US$1.072 billion to approximately US$1.010 billion. This decision, approved by shareholders on May 12, 2026, consolidates the equity base into 1,009,639,756 ordinary shares, enhancing the relative stake of remaining shareholders. Additionally, an amendment to the company's articles of association was approved to align with the new capital structure while maintaining an authorized capital ceiling of US$2.5 billion. Analysts rate TS stock as a Buy with a price target of $82.00, citing strong financial quality and attractive valuation despite near-term margin challenges." datetime: "2026-05-13T14:47:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286282750.md) - [en](https://longbridge.com/en/news/286282750.md) - [zh-HK](https://longbridge.com/zh-HK/news/286282750.md) --- # Tenaris Cuts Issued Share Capital After Treasury Share Cancellation Approved on May 12, 2026 ### Claim 55% Off TipRanks - Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions - Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks The latest announcement is out from Tenaris SA ( (TS) ). On May 12, 2026, Tenaris shareholders met in an extraordinary general meeting in Luxembourg and approved the cancellation of 62,355,174 treasury shares acquired under its third share buyback program, which ran from June 9, 2025, to March 3, 2026. This move reduced the company’s issued share capital from US$1.072 billion to about US$1.010 billion, consolidating the equity base into 1,009,639,756 ordinary shares and effectively enhancing the relative stake of remaining shareholders. Shareholders also approved an amendment to article 5 of Tenaris’s articles of association to align the stated share capital with the new structure while maintaining an authorized capital ceiling of US$2.5 billion. The updated provisions preserve broad flexibility for the board to issue new shares and bonds, define when pre-emptive rights apply or can be waived, and support future capital-raising or employee incentive plans within set limits, reinforcing Tenaris’s ability to manage funding and governance over the medium term. The most recent analyst rating on (TS) stock is a Buy with a $82.00 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. TS scores well primarily on strong financial quality (very low leverage/net cash and solid profitability) and attractive valuation (low P/E with a meaningful dividend). The score is tempered by near-term margin headwinds discussed on the earnings call (tariffs and raw-material costs) and a mixed technical picture with neutral momentum despite a longer-term uptrend. To see Spark’s full report on TS stock, click here. **More about Tenaris SA** Tenaris S.A., based in Luxembourg, operates in the global steel pipe and energy services industry, supplying seamless and welded steel tubes and related services primarily to the oil and gas sector. The company serves energy producers worldwide and actively manages its capital structure through buyback programs and treasury share policies to optimize shareholder value. **Average Trading Volume:** 2,081,054 **Technical Sentiment Signal:** Buy **Current Market Cap:** $33.3B Find detailed analytics on TS stock on TipRanks’ Stock Analysis page. ### Related Stocks - [TNRSF.US](https://longbridge.com/en/quote/TNRSF.US.md) - [TS.US](https://longbridge.com/en/quote/TS.US.md) ## Related News & Research - [Tenaris to Acquire Artrom Steel Tubes S.A. seamless pipe manufacturing plant in Romania | TS Stock News](https://longbridge.com/en/news/285781055.md) - [Tenaris Posts Strong Q1 2026 Results but Warns of Near-Term Hit From Middle East Disruption](https://longbridge.com/en/news/285608015.md) - [TS Financial Holding unit SKL sells Taipei Zhongzheng District real estate for NT$ 385.56 million](https://longbridge.com/en/news/294626571.md) - [Vale updates financial events calendar for 2026](https://longbridge.com/en/news/294418484.md) - [ArcelorMittal announces availability of half-year 2026 report filed on Form 6-K](https://longbridge.com/en/news/294715573.md)