YPF Sociedad Anónima (NYSE:YPF – Get Free Report) shot up 3.5% on Wednesday . The company traded as high as $55.60 and last traded at $55.1950. 187,779 shares were traded during mid-day trading, a decline of 90% from the average session volume of 1,810,761 shares. The stock had previously closed at $53.35.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Weiss Ratings downgraded YPF Sociedad Anónima from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Wall Street Zen raised YPF Sociedad Anónima from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 18th. UBS Group lifted their target price on YPF Sociedad Anónima from $48.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. HSBC raised YPF Sociedad Anónima from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. raised their price objective on shares of YPF Sociedad Anónima from $61.50 to $66.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 1st. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.33.
Get Our Latest Research Report on YPF Sociedad Anónima
YPF Sociedad Anónima Trading Up 1.8%
YPF Sociedad Anónima (NYSE:YPF – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The oil and gas exploration company reported $3.07 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $5.99 billion. On average, equities analysts predict that YPF Sociedad Anónima will post 7.74 EPS for the current fiscal year.
Insider Transactions at YPF Sociedad Anónima
In related news, VP Matias Osvaldo Farina bought 8,875 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were purchased at an average cost of $45.22 per share, for a total transaction of $401,327.50. Following the completion of the purchase, the vice president directly owned 55,687 shares in the company, valued at $2,518,166.14. The trade was a 18.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Horacio Daniel Marin purchased 2,840 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were bought at an average price of $46.35 per share, with a total value of $131,634.00. Following the purchase, the chief executive officer owned 92,193 shares in the company, valued at $4,273,145.55. The trade was a 3.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information.
Institutional Trading of YPF Sociedad Anónima
Large investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of YPF Sociedad Anónima by 13.0% in the second quarter. GAMMA Investing LLC now owns 1,934 shares of the oil and gas exploration company’s stock worth $88,000 after purchasing an additional 223 shares during the last quarter. First Growth Capital LLC raised its stake in YPF Sociedad Anónima by 1.4% in the first quarter. First Growth Capital LLC now owns 18,587 shares of the oil and gas exploration company’s stock valued at $824,000 after purchasing an additional 249 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in YPF Sociedad Anónima during the second quarter valued at approximately $27,000. Titan Global Capital Management USA LLC lifted its position in YPF Sociedad Anónima by 5.0% during the first quarter. Titan Global Capital Management USA LLC now owns 24,505 shares of the oil and gas exploration company’s stock valued at $1,133,000 after purchasing an additional 1,175 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in YPF Sociedad Anónima by 31.2% in the 1st quarter. Royal Bank of Canada now owns 7,556 shares of the oil and gas exploration company’s stock worth $349,000 after buying an additional 1,796 shares in the last quarter. 10.08% of the stock is owned by hedge funds and other institutional investors.
About YPF Sociedad Anónima
YPF Sociedad Anónima is an Argentine integrated energy company engaged in the exploration, development and production of crude oil and natural gas. The company operates across Argentina, including the Vaca Muerta formation in the Neuquén Basin, one of the country’s most important unconventional hydrocarbon regions.
YPF’s downstream operations include refining crude oil, marketing fuels and lubricants, producing petrochemicals, and distributing petroleum products through a network of service stations and commercial channels.
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