JPMorgan Chase & Co. Has Lowered Expectations for YPF Sociedad Anónima (NYSE:YPF) Stock Price

YPF Sociedad Anónima (NYSE:YPF) had its price target reduced by analysts at JPMorgan Chase & Co. from $66.00 to $60.50 in a report released on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the oil and gas exploration company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 26.55% from the company’s current price.

Several other research firms also recently issued reports on YPF. HSBC upgraded shares of YPF Sociedad Anónima from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Monday, August 17th. UBS Group raised their target price on shares of YPF Sociedad Anónima from $48.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. Weiss Ratings raised shares of YPF Sociedad Anónima from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Wall Street Zen upgraded shares of YPF Sociedad Anónima from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 18th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, YPF Sociedad Anónima presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.50.

YPF Sociedad Anónima Trading Down 3.1%

Shares of NYSE:YPF traded down $1.53 during trading on Thursday, reaching $47.81. 1,303,150 shares of the stock were exchanged, compared to its average volume of 1,720,971. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.93. YPF Sociedad Anónima has a 12-month low of $32.74 and a 12-month high of $57.87. The firm has a market cap of $18.80 billion, a price-to-earnings ratio of 25.16 and a beta of 1.22. The firm’s 50-day moving average price is $51.83 and its 200 day moving average price is $46.17.

YPF Sociedad Anónima (NYSE:YPF) last posted its earnings results on Wednesday, October 28th. The oil and gas exploration company reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $1.08. YPF Sociedad Anónima had a net margin of 3.60% and a return on equity of 10.86%. The firm had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $5.56 billion. On average, sell-side analysts anticipate that YPF Sociedad Anónima will post 7.45 earnings per share for the current fiscal year.

Institutional Trading of YPF Sociedad Anónima

Hedge funds and other institutional investors have recently bought and sold shares of the company. Oaktree Capital Management LP bought a new position in YPF Sociedad Anónima during the 1st quarter worth approximately $40,972,000. Oaktree Fund Advisors LLC bought a new stake in shares of YPF Sociedad Anónima in the 1st quarter valued at approximately $5,019,000. RWC Asset Advisors US LLC bought a new stake in shares of YPF Sociedad Anónima in the 2nd quarter valued at approximately $12,216,000. BlueCrest Capital Management Ltd increased its holdings in shares of YPF Sociedad Anónima by 52.9% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 66,504 shares of the oil and gas exploration company’s stock valued at $3,024,000 after acquiring an additional 23,004 shares during the last quarter. Finally, Candriam S.C.A. raised its position in shares of YPF Sociedad Anónima by 202.0% during the 1st quarter. Candriam S.C.A. now owns 444,000 shares of the oil and gas exploration company’s stock valued at $20,522,000 after acquiring an additional 297,000 shares in the last quarter. 10.08% of the stock is owned by institutional investors.

About YPF Sociedad Anónima

YPF Sociedad Anónima is an integrated energy company based in Argentina and one of the country’s principal oil and gas producers. The company explores for, develops and produces crude oil and natural gas, with operations that include both conventional and unconventional resources. YPF is also a major participant in the development of the Vaca Muerta shale formation in the Neuquén Basin.

Through its downstream operations, YPF refines crude oil and markets fuels, lubricants and other petroleum products.