YPF Sociedad Anónima (NYSE:YPF) Price Target Raised to $29.00

YPF Sociedad Anónima (NYSE:YPF) had its target price raised by Bank of America from $28.00 to $29.00 in a report released on Wednesday morning, Benzinga reports. They currently have a neutral rating on the oil and gas exploration company’s stock.

A number of other brokerages also recently weighed in on YPF. JPMorgan Chase & Co. boosted their target price on YPF Sociedad Anónima from $18.50 to $20.00 and gave the stock a neutral rating in a research note on Tuesday, May 28th. StockNews.com raised YPF Sociedad Anónima from a hold rating to a buy rating in a research report on Monday, August 12th. Jefferies Financial Group upgraded YPF Sociedad Anónima from a hold rating to a buy rating and lifted their target price for the stock from $23.50 to $30.00 in a research note on Friday, August 30th. Finally, The Goldman Sachs Group increased their price target on shares of YPF Sociedad Anónima from $22.90 to $25.60 and gave the company a neutral rating in a research report on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $25.37.

YPF Sociedad Anónima Stock Down 2.5 %

YPF stock opened at $23.66 on Wednesday. The stock’s 50 day moving average is $21.42 and its 200-day moving average is $21.05. YPF Sociedad Anónima has a twelve month low of $9.57 and a twelve month high of $24.76. The firm has a market capitalization of $9.31 billion, a PE ratio of -9.24, a P/E/G ratio of 0.11 and a beta of 1.81. The company has a quick ratio of 0.73, a current ratio of 0.93 and a debt-to-equity ratio of 0.71.

YPF Sociedad Anónima (NYSE:YPF) last posted its quarterly earnings data on Thursday, August 8th. The oil and gas exploration company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.90. The firm had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.59 billion. YPF Sociedad Anónima had a negative net margin of 4.57% and a positive return on equity of 22.86%. Sell-side analysts expect that YPF Sociedad Anónima will post 5.68 EPS for the current fiscal year.

Institutional Trading of YPF Sociedad Anónima

A number of hedge funds and other institutional investors have recently bought and sold shares of YPF. B. Riley Wealth Advisors Inc. grew its position in YPF Sociedad Anónima by 43.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 51,300 shares of the oil and gas exploration company’s stock worth $1,032,000 after buying an additional 15,500 shares in the last quarter. Scientech Research LLC bought a new stake in shares of YPF Sociedad Anónima during the 2nd quarter valued at about $418,000. Dark Forest Capital Management LP purchased a new position in shares of YPF Sociedad Anónima during the second quarter worth about $263,000. Duquesne Family Office LLC bought a new position in shares of YPF Sociedad Anónima in the second quarter worth approximately $12,845,000. Finally, Encompass Capital Advisors LLC raised its stake in YPF Sociedad Anónima by 16.9% in the second quarter. Encompass Capital Advisors LLC now owns 1,168,919 shares of the oil and gas exploration company’s stock valued at $23,519,000 after purchasing an additional 168,919 shares in the last quarter. Institutional investors own 10.08% of the company’s stock.

About YPF Sociedad Anónima

YPF Sociedad Anónima, an energy company, engages in the oil and gas upstream and downstream activities in Argentina. Its upstream operations include the exploration, exploitation, and production of crude oil, and natural gas. The company’s downstream operations include petrochemical production and crude oil refining; transportation and distribution refined and petrochemical products; commercialization of crude oil, petrochemical products, and specialties.