JPMorgan Chase & Co. Increases YPF Sociedad Anónima (NYSE:YPF) Price Target to $24.00

YPF Sociedad Anónima (NYSE:YPF) had its target price hoisted by JPMorgan Chase & Co. from $20.50 to $24.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the oil and gas exploration company’s stock.

Several other analysts have also issued reports on the stock. StockNews.com upgraded shares of YPF Sociedad Anónima from a hold rating to a buy rating in a research report on Monday, August 12th. The Goldman Sachs Group increased their target price on YPF Sociedad Anónima from $22.90 to $25.60 and gave the company a neutral rating in a report on Thursday, July 25th. Jefferies Financial Group upgraded YPF Sociedad Anónima from a hold rating to a buy rating and boosted their price objective for the company from $23.50 to $30.00 in a research report on Friday, August 30th. Finally, Bank of America raised their target price on shares of YPF Sociedad Anónima from $28.00 to $29.00 and gave the stock a neutral rating in a report on Wednesday, September 18th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and an average target price of $25.94.

YPF Sociedad Anónima Stock Performance

Shares of NYSE YPF opened at $21.68 on Wednesday. The stock has a market cap of $8.53 billion, a price-to-earnings ratio of -8.47, a P/E/G ratio of 0.11 and a beta of 1.81. The stock’s 50-day moving average is $21.62 and its 200 day moving average is $21.20. The company has a current ratio of 0.93, a quick ratio of 0.73 and a debt-to-equity ratio of 0.71. YPF Sociedad Anónima has a 1-year low of $9.57 and a 1-year high of $24.76.

YPF Sociedad Anónima (NYSE:YPF) last posted 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 negative net margin of 4.57% and a positive return on equity of 22.86%. The firm had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.59 billion. On average, sell-side analysts anticipate that YPF Sociedad Anónima will post 5.12 EPS for the current fiscal year.

Institutional Investors Weigh In On YPF Sociedad Anónima

A number of large investors have recently made changes to their positions in YPF. Blue Trust Inc. purchased a new stake in YPF Sociedad Anónima in the second quarter worth $26,000. Transcendent Capital Group LLC purchased a new stake in shares of YPF Sociedad Anónima in the 1st quarter worth about $28,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of YPF Sociedad Anónima during the 2nd quarter valued at about $63,000. Headlands Technologies LLC purchased a new position in shares of YPF Sociedad Anónima during the first quarter valued at about $113,000. Finally, SG Americas Securities LLC bought a new position in YPF Sociedad Anónima in the second quarter worth about $185,000. 10.08% of the stock is currently owned by institutional investors.

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.