YPF Sociedad Anónima (NYSE:YPF) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Key Points

• JPMorgan lowered its price target for YPF Sociedad Anónima from $66.00 to $60.50 while maintaining an “overweight” rating, implying 26.55% potential upside from the stock’s $47.81 price.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $58.50; UBS and HSBC also recently raised their targets or ratings.
• YPF exceeded quarterly expectations, reporting $3.00 in earnings per share versus the $1.92 consensus estimate and revenue of $6.56 billion compared with estimates of $5.56 billion.

YPF Sociedad Anónima (NYSE:YPF - Get Free Report) had its price target reduced by investment analysts at JPMorgan Chase & Co. from $66.00 to $60.50 in a report released on Thursday, Benzinga reports. The firm currently has an "overweight" rating on the oil and gas exploration company's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 26.55% from the company's current price.

Other equities analysts have also issued research reports about the stock. UBS Group boosted their price objective on shares of YPF Sociedad Anónima from $48.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, August 27th. Wall Street Zen upgraded shares of YPF Sociedad Anónima from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 18th. Weiss Ratings raised shares of YPF Sociedad Anónima from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Finally, HSBC upgraded YPF Sociedad Anónima from a "hold" rating to a "buy" rating and set a $60.00 price target for the company in a report on Monday, August 17th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.50.

YPF Sociedad Anónima Price Performance

YPF Sociedad Anónima stock traded down $1.53 during midday trading on Thursday, reaching $47.81. 1,303,150 shares of the company were exchanged, compared to its average volume of 1,720,971. The firm's 50-day simple moving average is $51.83 and its 200-day simple moving average is $46.17. YPF Sociedad Anónima has a 1 year low of $32.74 and a 1 year high of $57.87. The company has a market capitalization of $18.80 billion, a price-to-earnings ratio of 25.16 and a beta of 1.22. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.93.

YPF Sociedad Anónima (NYSE:YPF - Get Free Report) last released its earnings results on Wednesday, October 28th. The oil and gas exploration company reported $3.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.92 by $1.08. YPF Sociedad Anónima had a net margin of 3.60% and a return on equity of 10.86%. The company had revenue of $6.56 billion for the quarter, compared to analyst estimates of $5.56 billion. On average, analysts anticipate that YPF Sociedad Anónima will post 7.45 EPS for the current year.

Institutional Trading of YPF Sociedad Anónima

A number of hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in shares of YPF Sociedad Anónima by 13.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,934 shares of the oil and gas exploration company's stock valued at $88,000 after buying an additional 223 shares during the period. First Growth Capital LLC increased its holdings in shares of YPF Sociedad Anónima by 1.4% during the 1st quarter. First Growth Capital LLC now owns 18,587 shares of the oil and gas exploration company's stock worth $824,000 after buying an additional 249 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of YPF Sociedad Anónima by 14.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,994 shares of the oil and gas exploration company's stock worth $100,000 after buying an additional 254 shares during the last quarter. CoreCap Advisors LLC purchased a new position in shares of YPF Sociedad Anónima in the 3rd quarter worth $25,000. Finally, Financial Management Professionals Inc. purchased a new position in shares of YPF Sociedad Anónima in the 2nd quarter worth $27,000. 10.08% of the stock is owned by institutional investors and hedge funds.

YPF Sociedad Anónima Company Profile

YPF Sociedad Anónima is an integrated energy company based in Argentina and one of the country's principal oil and gas producers. The company explores for, develops and produces crude oil and natural gas, with operations that include both conventional and unconventional resources. YPF is also a major participant in the development of the Vaca Muerta shale formation in the Neuquén Basin.

Through its downstream operations, YPF refines crude oil and markets fuels, lubricants and other petroleum products.

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