YPF Sociedad Anónima (NYSE:YPF) Share Price Breaks Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• YPF shares fell below their 200-day moving average of $46.35, reaching $43.75 and closing near $43.79 on volume of approximately 1.89 million shares.
• Analyst sentiment remains positive overall, with an average rating of “Moderate Buy” and a consensus price target of $58.50, despite JPMorgan lowering its target to $60.50.
• YPF reported stronger-than-expected quarterly results, earning $3.00 per share versus the $1.92 consensus estimate and generating $6.56 billion in revenue versus $5.57 billion expected.

YPF Sociedad Anónima (NYSE:YPF - Get Free Report)'s share price passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $46.35 and traded as low as $43.75. YPF Sociedad Anónima shares last traded at $43.7850, with a volume of 1,888,299 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on YPF. JPMorgan Chase & Co. reduced their price objective on shares of YPF Sociedad Anónima from $66.00 to $60.50 and set an "overweight" rating for the company in a research report on Thursday, October 29th. Wall Street Zen upgraded YPF Sociedad Anónima from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 18th. HSBC raised YPF Sociedad Anónima from a "hold" rating to a "buy" rating and set a $60.00 price objective on the stock in a report on Monday, August 17th. UBS Group upped their price objective on YPF Sociedad Anónima from $48.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, August 27th. Finally, Weiss Ratings cut YPF Sociedad Anónima from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $58.50.

YPF Sociedad Anónima Stock Performance

The firm has a market capitalization of $17.22 billion, a PE ratio of 8.06 and a beta of 1.22. The stock's 50 day moving average price is $51.56 and its two-hundred day moving average price is $46.35. The company has a current ratio of 0.93, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70.

YPF Sociedad Anónima (NYSE:YPF - Get Free Report) last announced its earnings results on Thursday, October 29th. The oil and gas exploration company reported $3.00 earnings per share for the quarter, beating the consensus estimate of $1.92 by $1.08. The firm had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $5.57 billion. YPF Sociedad Anónima had a net margin of 9.42% and a return on equity of 18.03%. On average, equities analysts expect that YPF Sociedad Anónima will post 9.08 earnings per share for the current year.

Hedge Funds Weigh In On YPF Sociedad Anónima

Institutional investors and hedge funds have recently modified their holdings of the company. Oaktree Capital Management LP acquired a new stake in YPF Sociedad Anónima during the first quarter worth approximately $40,972,000. Candriam S.C.A. raised its holdings in YPF Sociedad Anónima by 202.0% in the 1st quarter. Candriam S.C.A. now owns 444,000 shares of the oil and gas exploration company's stock valued at $20,522,000 after acquiring an additional 297,000 shares during the last quarter. Kapitalo Investimentos Ltda raised its holdings in YPF Sociedad Anónima by 0.5% in the 3rd quarter. Kapitalo Investimentos Ltda now owns 258,830 shares of the oil and gas exploration company's stock valued at $12,975,000 after acquiring an additional 1,218 shares during the last quarter. RWC Asset Advisors US LLC purchased a new position in shares of YPF Sociedad Anónima during the 2nd quarter worth $12,216,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of YPF Sociedad Anónima by 107.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 231,121 shares of the oil and gas exploration company's stock worth $11,586,000 after purchasing an additional 119,833 shares during the period. Hedge funds and other institutional investors own 10.08% of the company's stock.

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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