JPMorgan Chase & Co. Forecasts Strong Price Appreciation for YPF Sociedad Anónima (NYSE:YPF) Stock

YPF Sociedad Anónima (NYSE:YPF) had its target price raised by stock analysts at JPMorgan Chase & Co. from $24.00 to $25.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas exploration company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 2.00% from the company’s previous close.

Several other research firms have also recently commented on YPF. Jefferies Financial Group raised YPF Sociedad Anónima from a “hold” rating to a “buy” rating and lifted their target price for the company from $23.50 to $30.00 in a research note on Friday, August 30th. StockNews.com cut YPF Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Bank of America raised their target price on shares of YPF Sociedad Anónima from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, September 18th. Finally, The Goldman Sachs Group boosted their price target on shares of YPF Sociedad Anónima from $22.90 to $25.60 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, YPF Sociedad Anónima has an average rating of “Hold” and an average price target of $26.09.

YPF Sociedad Anónima Stock Performance

Shares of NYSE:YPF opened at $24.51 on Wednesday. The business has a fifty day moving average of $23.37 and a 200-day moving average of $21.86. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.73 and a current ratio of 0.93. YPF Sociedad Anónima has a twelve month low of $9.57 and a twelve month high of $26.00. The firm has a market cap of $9.64 billion, a PE ratio of -11.67, a price-to-earnings-growth ratio of 0.11 and a beta of 1.81.

YPF Sociedad Anónima (NYSE:YPF) last announced its earnings results on Thursday, August 8th. The oil and gas exploration company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.90. YPF Sociedad Anónima had a negative net margin of 4.57% and a positive return on equity of 22.86%. The company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.59 billion. On average, equities research analysts predict that YPF Sociedad Anónima will post 5.34 EPS for the current fiscal year.

Institutional Investors Weigh In On YPF Sociedad Anónima

Several hedge funds have recently bought and sold shares of the company. Blue Trust Inc. acquired a new position in shares of YPF Sociedad Anónima in the 2nd quarter valued at $26,000. Transcendent Capital Group LLC bought a new position in YPF Sociedad Anónima during the first quarter worth about $28,000. Ashton Thomas Private Wealth LLC acquired a new position in YPF Sociedad Anónima in the second quarter valued at about $63,000. Headlands Technologies LLC bought a new stake in shares of YPF Sociedad Anónima in the first quarter worth about $113,000. Finally, SG Americas Securities LLC acquired a new stake in shares of YPF Sociedad Anónima during the second quarter worth about $185,000. 10.08% of the stock is currently owned by institutional investors and hedge funds.

About YPF Sociedad Anónima

YPF Sociedad Anónima, an energy company, engages in the oil and gas upstream and downstream activities in Argentina. Its upstream operations include the exploration, exploitation, and production of crude oil, and natural gas. The company’s downstream operations include petrochemical production and crude oil refining; transportation and distribution refined and petrochemical products; commercialization of crude oil, petrochemical products, and specialties.