Citigroup upgraded shares of YPF Sociedad Anónima (NYSE:YPF – Free Report) from a neutral rating to a buy rating in a research note issued to investors on Friday morning, Marketbeat.com reports. They currently have $33.00 price objective on the oil and gas exploration company’s stock, up from their previous price objective of $24.00.
Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. increased their target price on shares of YPF Sociedad Anónima from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised shares of 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. The Goldman Sachs Group lifted their price target on YPF Sociedad Anónima from $22.90 to $25.60 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. StockNews.com downgraded shares of YPF Sociedad Anónima from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Bank of America upped their price objective 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, YPF Sociedad Anónima has an average rating of “Moderate Buy” and a consensus price target of $27.37.
View Our Latest Research Report on YPF Sociedad Anónima
YPF Sociedad Anónima Price Performance
YPF Sociedad Anónima (NYSE:YPF – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The oil and gas exploration company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.90. YPF Sociedad Anónima had a positive return on equity of 22.86% and a negative net margin of 4.57%. The firm had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.59 billion. Equities research analysts anticipate that YPF Sociedad Anónima will post 5.34 earnings per share for the current year.
Institutional Investors Weigh In On YPF Sociedad Anónima
A number of large investors have recently added to or reduced their stakes in YPF. Blue Trust Inc. purchased a new stake in shares of YPF Sociedad Anónima during the second quarter worth about $26,000. Transcendent Capital Group LLC bought a new position in shares of YPF Sociedad Anónima during the first quarter valued at approximately $28,000. Ashton Thomas Private Wealth LLC purchased a new stake in YPF Sociedad Anónima in the second quarter worth $63,000. Headlands Technologies LLC purchased a new stake in YPF Sociedad Anónima in the first quarter worth $113,000. Finally, SG Americas Securities LLC bought a new stake in YPF Sociedad Anónima in the second quarter valued at $185,000. Institutional investors own 10.08% of the company’s stock.
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.
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