YPF Sociedad Anonima (YPF) Lowered to “Hold” at Zacks Investment Research
Zacks Investment Research lowered shares of YPF Sociedad Anonima (NYSE:YPF) from a buy rating to a hold rating in a research report released on Thursday.
According to Zacks, “YPF Sociedad Anonima is an international energy company, based on the integrated business of hydrocarbons, focalized in Latin America, with high standards of efficiency, profitability and responsibility. They have a dominant position in Argentina’s exploration, production, refining and marketing sectors, as well as a growing presence in petrochemicals. “
Several other analysts have also recently commented on YPF. BidaskClub cut shares of YPF Sociedad Anonima from a hold rating to a sell rating in a research note on Friday, June 16th. Credit Suisse Group set a $27.00 price objective on shares of YPF Sociedad Anonima and gave the company a buy rating in a research note on Monday, August 7th. ValuEngine upgraded shares of YPF Sociedad Anonima from a sell rating to a hold rating in a research note on Thursday, August 17th. Finally, Citigroup Inc. initiated coverage on shares of YPF Sociedad Anonima in a research note on Monday, October 9th. They set a buy rating and a $28.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $25.58.
YPF Sociedad Anonima (YPF) opened at 22.80 on Thursday. The company’s market cap is $8.95 billion. The company’s 50-day moving average is $21.15 and its 200-day moving average is $22.46. YPF Sociedad Anonima has a 12 month low of $15.00 and a 12 month high of $26.48.
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Several institutional investors and hedge funds have recently bought and sold shares of YPF. BlackRock Inc. lifted its stake in shares of YPF Sociedad Anonima by 3,641,898.0% in the 1st quarter. BlackRock Inc. now owns 3,641,998 shares of the oil and gas exploration company’s stock valued at $88,427,000 after purchasing an additional 3,641,898 shares during the period. Discovery Capital Management LLC CT acquired a new position in shares of YPF Sociedad Anonima in the 2nd quarter valued at $58,027,000. BT Investment Management Ltd acquired a new position in shares of YPF Sociedad Anonima in the 2nd quarter valued at $49,585,000. Brandes Investment Partners LP acquired a new position in shares of YPF Sociedad Anonima in the 2nd quarter valued at $33,228,000. Finally, Driehaus Capital Management LLC acquired a new position in shares of YPF Sociedad Anonima in the 1st quarter valued at $34,774,000. Hedge funds and other institutional investors own 29.39% of the company’s stock.
About YPF Sociedad Anonima
YPF Sociedad Anonima (YPF) is an energy company. The Company is operating a fully integrated oil and gas chain. The Company operates through the segments, including Exploration and Production, Downstream, and Corporate and Other. The Company’s Exploration and Production segment includes exploration and production activities, natural gas and crude oil purchases, sales of natural gas, and to a lesser extent crude oil, to third parties and intersegment sales of crude oil, natural gas and its byproducts.
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