JPMorgan Chase & Co. Issues Positive Forecast for YPF Sociedad Anónima (NYSE:YPF) Stock Price

YPF Sociedad Anónima (NYSE:YPF) had its price target raised by JPMorgan Chase & Co. from $61.50 to $66.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the oil and gas exploration company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 26.23% from the company’s current price.

Several other research analysts have also weighed in on the stock. Wall Street Zen upgraded shares of YPF Sociedad Anónima from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 18th. Weiss Ratings upgraded shares of YPF Sociedad Anónima from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, August 26th. UBS Group lifted their price objective on YPF Sociedad Anónima from $48.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, August 27th. Zacks Research downgraded shares of YPF Sociedad Anónima from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, 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 research note on Monday, August 17th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, YPF Sociedad Anónima presently has an average rating of “Moderate Buy” and a consensus target price of $60.33.

YPF Sociedad Anónima Stock Up 1.4%

YPF traded up $0.71 during trading on Tuesday, hitting $52.29. The company had a trading volume of 520,265 shares, compared to its average volume of 1,843,493. The company has a market capitalization of $20.56 billion, a PE ratio of 27.52 and a beta of 1.28. The firm’s 50-day moving average price is $49.24 and its 200 day moving average price is $45.86. YPF Sociedad Anónima has a one year low of $22.82 and a one year high of $57.49. The company has a quick ratio of 0.72, a current ratio of 0.93 and a debt-to-equity ratio of 0.70.

YPF Sociedad Anónima (NYSE:YPF) last posted its quarterly earnings data on Monday, August 10th. The oil and gas exploration company reported $3.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.81. The company had revenue of $6.57 billion for the quarter, compared to the consensus estimate of $5.99 billion. YPF Sociedad Anónima had a net margin of 3.60% and a return on equity of 10.86%. As a group, equities analysts expect that YPF Sociedad Anónima will post 7.5 earnings per share for the current year.

Insider Activity at YPF Sociedad Anónima

In other YPF Sociedad Anónima news, VP Matias Osvaldo Farina bought 8,875 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was acquired at an average price of $45.22 per share, with a total value of $401,327.50. Following the completion of the purchase, the vice president directly owned 55,687 shares of the company’s stock, valued at approximately $2,518,166.14. This trade represents a 18.96% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Horacio Daniel Marin acquired 2,840 shares of the stock in a transaction dated Thursday, July 2nd. The stock was bought at an average price of $46.35 per share, with a total value of $131,634.00. Following the purchase, the chief executive officer directly owned 92,193 shares in the company, valued at $4,273,145.55. This represents a 3.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in YPF. GAMMA Investing LLC raised its holdings in YPF Sociedad Anónima by 13.0% during the second quarter. GAMMA Investing LLC now owns 1,934 shares of the oil and gas exploration company’s stock worth $88,000 after buying an additional 223 shares during the last quarter. First Growth Capital LLC boosted its stake in YPF Sociedad Anónima by 1.4% in the first quarter. First Growth Capital LLC now owns 18,587 shares of the oil and gas exploration company’s stock valued at $824,000 after acquiring an additional 249 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of YPF Sociedad Anónima by 3.3% during the 4th quarter. HighTower Advisors LLC now owns 8,523 shares of the oil and gas exploration company’s stock worth $308,000 after purchasing an additional 275 shares during the last quarter. Marex Group plc increased its stake in shares of YPF Sociedad Anónima by 5.7% during the 4th quarter. Marex Group plc now owns 9,702 shares of the oil and gas exploration company’s stock worth $351,000 after purchasing an additional 522 shares during the last quarter. Finally, Financial Management Professionals Inc. bought a new stake in shares of YPF Sociedad Anónima in the 2nd quarter worth approximately $27,000. 10.08% of the stock is owned by institutional investors and hedge funds.

About YPF Sociedad Anónima

YPF Sociedad Anónima (NYSE: YPF) is an integrated oil and gas company headquartered in Buenos Aires, Argentina. The company’s primary businesses encompass upstream exploration and production of crude oil and natural gas, midstream transportation and storage, and downstream refining and distribution. YPF operates several major refineries and a nationwide network of service stations, supplying fuels, lubricants, and petrochemical products to both retail and industrial customers.

Founded in 1922 as Yacimientos Petrolíferos Fiscales, YPF was the world’s first state‐owned oil company.