YPF Sociedad Anonima (YPF) Upgraded to “Buy” at Zacks Investment Research
YPF Sociedad Anonima (NYSE:YPF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage currently has a $26.00 price target on the oil and gas exploration company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 14.79% 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. “
Several other equities analysts also recently weighed in on the company. ValuEngine raised YPF Sociedad Anonima from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. BidaskClub raised YPF Sociedad Anonima from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Finally, Credit Suisse Group set a $27.00 price objective on YPF Sociedad Anonima and gave the company a “buy” rating in a research note on Monday, August 7th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $25.10.
Shares of YPF Sociedad Anonima (YPF) opened at 22.76 on Thursday. The stock has a 50 day moving average price of $20.67 and a 200-day moving average price of $22.52. The stock’s market capitalization is $8.94 billion. YPF Sociedad Anonima has a 52-week low of $15.00 and a 52-week high of $26.48.
A number of institutional investors have recently added to or reduced their stakes in YPF. LSV Asset Management increased its position in YPF Sociedad Anonima by 40.0% during the second quarter. LSV Asset Management now owns 5,600 shares of the oil and gas exploration company’s stock worth $107,000 after buying an additional 1,600 shares in the last quarter. Huntington National Bank grew its position in shares of YPF Sociedad Anonima by 9.2% in the second quarter. Huntington National Bank now owns 6,334 shares of the oil and gas exploration company’s stock valued at $122,000 after purchasing an additional 536 shares during the period. NN Investment Partners Holdings N.V. purchased a new stake in shares of YPF Sociedad Anonima in the first quarter valued at $133,000. Rational Advisors LLC purchased a new stake in shares of YPF Sociedad Anonima in the second quarter valued at $136,000. Finally, Quantbot Technologies LP grew its position in shares of YPF Sociedad Anonima by 49.0% in the first quarter. Quantbot Technologies LP now owns 7,125 shares of the oil and gas exploration company’s stock valued at $172,000 after purchasing an additional 2,343 shares during the period. 29.39% of the stock is owned by institutional investors.
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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