YPF Sociedad Anonima (YPF) Upgraded by Zacks Investment Research to Buy
YPF Sociedad Anonima (NYSE:YPF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm currently has a $26.00 target price on the oil and gas exploration company’s stock. Zacks Investment Research‘s price target points to a potential upside of 13.94% from the company’s previous close.
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. “
A number of other brokerages have also issued reports on YPF. Credit Suisse Group set a $27.00 target price on shares of YPF Sociedad Anonima and gave the stock a “buy” rating in a research report on Monday, August 7th. Citigroup Inc. started coverage on shares of YPF Sociedad Anonima in a research report on Monday, October 9th. They set a “buy” rating and a $28.00 target price on the stock. BidaskClub lowered shares of YPF Sociedad Anonima from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, ValuEngine upgraded shares of YPF Sociedad Anonima from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $25.58.
Shares of YPF Sociedad Anonima (NYSE:YPF) opened at 22.82 on Thursday. The firm’s market capitalization is $8.96 billion. YPF Sociedad Anonima has a 12-month low of $15.00 and a 12-month high of $26.48. The company has a 50-day moving average price of $21.33 and a 200 day moving average price of $22.44.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. acquired a new position in shares of YPF Sociedad Anonima in the 1st quarter valued at $4,700,000. JPMorgan Chase & Co. acquired a new position in shares of YPF Sociedad Anonima in the 1st quarter valued at $1,673,000. Teachers Advisors LLC boosted its holdings in shares of YPF Sociedad Anonima by 2.7% in the 1st quarter. Teachers Advisors LLC now owns 651,148 shares of the oil and gas exploration company’s stock valued at $15,810,000 after purchasing an additional 17,000 shares during the last quarter. BlackRock Inc. boosted its holdings 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 last quarter. Finally, KCG Holdings Inc. acquired a new position in shares of YPF Sociedad Anonima in the 1st quarter valued at $842,000. Hedge funds and other institutional investors own 29.38% 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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