Bank of America Raises YPF Sociedad Anónima (NYSE:YPF) Price Target to $29.00

YPF Sociedad Anónima (NYSE:YPF) had its price target increased by analysts at Bank of America from $28.00 to $29.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the oil and gas exploration company’s stock. Bank of America‘s price objective would indicate a potential upside of 25.38% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. StockNews.com raised shares of YPF Sociedad Anónima from a “hold” rating to a “buy” rating in a research report on Monday, August 12th. Jefferies Financial Group upgraded YPF Sociedad Anónima from a “hold” rating to a “buy” rating and increased their price target for the stock from $23.50 to $30.00 in a report on Friday, August 30th. JPMorgan Chase & Co. lifted their price objective on shares of YPF Sociedad Anónima from $18.50 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Finally, The Goldman Sachs Group increased their target price 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. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.37.

YPF Sociedad Anónima Price Performance

NYSE YPF traded down $0.52 during trading on Wednesday, hitting $23.13. 455,434 shares of the company’s stock were exchanged, compared to its average volume of 2,129,823. The company has a market cap of $9.10 billion, a PE ratio of -9.04, a P/E/G ratio of 0.11 and a beta of 1.81. The company has a current ratio of 0.93, a quick ratio of 0.73 and a debt-to-equity ratio of 0.71. The stock’s 50 day moving average price is $21.26 and its two-hundred day moving average price is $20.97. YPF Sociedad Anónima has a fifty-two week low of $9.57 and a fifty-two week high of $24.76.

YPF Sociedad Anónima (NYSE:YPF) last posted its earnings results on Thursday, August 8th. The oil and gas exploration company reported $1.32 EPS for the quarter, beating the consensus estimate of $0.42 by $0.90. The firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.59 billion. YPF Sociedad Anónima had a positive return on equity of 22.86% and a negative net margin of 4.57%. Research analysts expect that YPF Sociedad Anónima will post 5.68 EPS for the current year.

Hedge Funds Weigh In On YPF Sociedad Anónima

Several hedge funds have recently modified their holdings of the company. Banco BTG Pactual S.A. grew its stake in YPF Sociedad Anónima by 914.9% in the 4th quarter. Banco BTG Pactual S.A. now owns 124,222 shares of the oil and gas exploration company’s stock valued at $2,113,000 after purchasing an additional 111,982 shares during the period. SPX Gestao de Recursos Ltda bought a new position in YPF Sociedad Anónima during the fourth quarter valued at about $7,471,000. Campbell & CO Investment Adviser LLC purchased a new stake in YPF Sociedad Anónima during the fourth quarter worth about $1,234,000. AdvisorShares Investments LLC purchased a new stake in YPF Sociedad Anónima during the fourth quarter worth about $1,058,000. Finally, Seven Eight Capital LP raised its position in YPF Sociedad Anónima by 460.4% in the fourth quarter. Seven Eight Capital LP now owns 174,813 shares of the oil and gas exploration company’s stock worth $3,005,000 after acquiring an additional 143,621 shares during the period. Institutional investors own 10.08% of the company’s stock.

YPF Sociedad Anónima Company Profile

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.