Analysts Set YPF Sociedad Anónima (NYSE:YPF) Price Target at $60.33

YPF Sociedad Anónima (NYSE:YPF) has been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $60.3333.

A number of research firms have weighed in on YPF. 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. JPMorgan Chase & Co. lifted their price target on YPF Sociedad Anónima from $61.50 to $66.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. Zacks Research cut shares of YPF Sociedad Anónima from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings raised shares of YPF Sociedad Anónima from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, August 26th. Finally, UBS Group raised their price objective on shares of YPF Sociedad Anónima from $48.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th.

YPF Sociedad Anónima Trading Up 1.0%

YPF opened at $53.15 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.93 and a quick ratio of 0.72. The company’s 50 day simple moving average is $50.08 and its two-hundred day simple moving average is $46.51. YPF Sociedad Anónima has a 1-year low of $22.82 and a 1-year high of $57.49. The firm has a market capitalization of $20.91 billion, a price-to-earnings ratio of 27.97 and a beta of 1.25.

YPF Sociedad Anónima (NYSE:YPF) last issued its earnings results on Monday, August 10th. The oil and gas exploration company reported $3.07 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.81. YPF Sociedad Anónima had a return on equity of 10.86% and a net margin of 3.60%.The business had revenue of $6.57 billion for the quarter, compared to analysts’ expectations of $5.99 billion. Analysts expect that YPF Sociedad Anónima will post 7.74 EPS for the current fiscal year.

Insider Activity at YPF Sociedad Anónima

In other news, CEO Horacio Daniel Marin purchased 2,840 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was acquired 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 approximately $4,273,145.55. This represents a 3.18% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Matias Osvaldo Farina purchased 8,875 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were purchased at an average price of $45.22 per share, with a total value of $401,327.50. Following the acquisition, the vice president directly owned 55,687 shares in the company, valued at approximately $2,518,166.14. The trade was a 18.96% increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

Institutional Investors Weigh In On YPF Sociedad Anónima

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC purchased a new stake in YPF Sociedad Anónima in the first quarter valued at $561,000. Diversify Advisory Services LLC lifted its stake in shares of YPF Sociedad Anónima by 26.0% in the 2nd quarter. Diversify Advisory Services LLC now owns 18,087 shares of the oil and gas exploration company’s stock valued at $614,000 after purchasing an additional 3,733 shares during the last quarter. Diversify Wealth Management LLC grew its holdings in shares of YPF Sociedad Anónima by 17.3% during the 2nd quarter. Diversify Wealth Management LLC now owns 58,919 shares of the oil and gas exploration company’s stock worth $2,000,000 after purchasing an additional 8,711 shares during the period. Bank of America Corp DE grew its holdings in shares of YPF Sociedad Anónima by 161.2% during the 2nd quarter. Bank of America Corp DE now owns 568,507 shares of the oil and gas exploration company’s stock worth $17,880,000 after purchasing an additional 350,842 shares during the period. Finally, Brevan Howard Capital Management LP increased its position in shares of YPF Sociedad Anónima by 5.2% during the 2nd quarter. Brevan Howard Capital Management LP now owns 317,889 shares of the oil and gas exploration company’s stock worth $10,525,000 after purchasing an additional 15,760 shares during the last quarter. Institutional investors and hedge funds own 10.08% of the company’s stock.

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.