YPF Sociedad Anónima (NYSE:YPF) Shares Up 9.6% – Here’s What Happened

YPF Sociedad Anónima (NYSE:YPF)’s stock price rose 9.6% during mid-day trading on Monday . The company traded as high as $35.62 and last traded at $35.51. Approximately 1,914,937 shares traded hands during trading, a decline of 8% from the average daily volume of 2,088,875 shares. The stock had previously closed at $32.39.

Wall Street Analyst Weigh In

YPF has been the topic of several research analyst reports. StockNews.com lowered YPF Sociedad Anónima from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. The Goldman Sachs Group lifted their target price on shares of YPF Sociedad Anónima from $22.90 to $25.60 and gave the company a “neutral” rating in a report on Thursday, July 25th. Citigroup upgraded shares of YPF Sociedad Anónima from a “neutral” rating to a “buy” rating and increased their price target for the stock from $24.00 to $33.00 in a research note on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on shares of YPF Sociedad Anónima from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Bank of America upped their price target on YPF Sociedad Anónima from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 18th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $27.37.

YPF Sociedad Anónima Stock Performance

The stock’s fifty day simple moving average is $24.87 and its 200-day simple moving average is $22.56. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $13.74 billion, a PE ratio of 17.65, a PEG ratio of 0.11 and a beta of 1.78.

Institutional Trading of YPF Sociedad Anónima

A number of institutional investors have recently bought and sold shares of YPF. Ping Capital Management Inc. acquired a new position in shares of YPF Sociedad Anónima during the 2nd quarter worth $51,676,000. Encompass Capital Advisors LLC increased its holdings in YPF Sociedad Anónima by 16.9% during the 2nd quarter. Encompass Capital Advisors LLC now owns 1,168,919 shares of the oil and gas exploration company’s stock valued at $23,519,000 after acquiring an additional 168,919 shares in the last quarter. Marshall Wace LLP raised its position in YPF Sociedad Anónima by 6,194.9% during the second quarter. Marshall Wace LLP now owns 947,260 shares of the oil and gas exploration company’s stock worth $19,059,000 after acquiring an additional 932,212 shares during the last quarter. Discovery Capital Management LLC CT lifted its stake in YPF Sociedad Anónima by 6.9% in the 2nd quarter. Discovery Capital Management LLC CT now owns 745,379 shares of the oil and gas exploration company’s stock valued at $14,997,000 after buying an additional 48,000 shares in the last quarter. Finally, Duquesne Family Office LLC purchased a new stake in YPF Sociedad Anónima in the 2nd quarter valued at approximately $12,845,000. 10.08% of the stock is currently owned by hedge funds and other institutional investors.

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.