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

YPF Sociedad Anónima (NYSE:YPF) had its target price raised by Bank of America from $28.00 to $29.00 in a report published on Wednesday, Benzinga reports. The firm currently has a neutral rating on the oil and gas exploration company’s stock.

YPF has been the subject of several other reports. The Goldman Sachs Group upped their target price on shares of YPF Sociedad Anónima from $22.90 to $25.60 and gave the company a neutral rating in a research note on Thursday, July 25th. 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 raised YPF Sociedad Anónima from a hold rating to a buy rating and lifted their target price for the stock from $23.50 to $30.00 in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. increased their price target on YPF Sociedad Anónima from $18.50 to $20.00 and gave the company a neutral rating in a report on Tuesday, May 28th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $25.37.

YPF Sociedad Anónima Price Performance

Shares of NYSE YPF opened at $23.65 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.93 and a quick ratio of 0.73. YPF Sociedad Anónima has a 1-year low of $9.57 and a 1-year high of $24.76. The company has a market capitalization of $9.30 billion, a price-to-earnings ratio of -9.24, a PEG ratio of 0.11 and a beta of 1.81. The business has a 50-day moving average of $21.42 and a 200-day moving average of $21.07.

YPF Sociedad Anónima (NYSE:YPF) last released its quarterly earnings results on Thursday, August 8th. The oil and gas exploration company reported $1.32 EPS for the quarter, topping 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 analyst estimates of $4.59 billion. On average, equities analysts anticipate that YPF Sociedad Anónima will post 5.68 EPS for the current fiscal year.

Hedge Funds Weigh In On YPF Sociedad Anónima

Several large investors have recently modified their holdings of the stock. Blue Trust Inc. bought a new stake in YPF Sociedad Anónima in the second quarter valued at about $26,000. Transcendent Capital Group LLC acquired a new position in shares of YPF Sociedad Anónima in the 1st quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of YPF Sociedad Anónima in the 2nd quarter worth approximately $63,000. Headlands Technologies LLC bought a new stake in shares of YPF Sociedad Anónima in the 1st quarter valued at approximately $113,000. Finally, SG Americas Securities LLC acquired a new stake in shares of YPF Sociedad Anónima during the 2nd quarter valued at approximately $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.