YPF Sociedad Anónima (NYSE:YPF) Upgraded by JPMorgan Chase & Co. to Overweight Rating

JPMorgan Chase & Co. upgraded shares of YPF Sociedad Anónima (NYSE:YPF - Free Report) from a neutral rating to an overweight rating in a report issued on Friday, Marketbeat Ratings reports. The brokerage currently has $59.50 price target on the oil and gas exploration company's stock, up from their previous price target of $25.00.

YPF has been the topic of a number of other research reports. StockNews.com upgraded YPF Sociedad Anónima from a "hold" rating to a "buy" rating in a research report on Saturday, January 4th. Bank of America raised shares of YPF Sociedad Anónima from a "neutral" rating to a "buy" rating and lifted their price target for the company from $31.00 to $55.00 in a report on Monday, December 9th. UBS Group reiterated a "neutral" rating and set a $38.00 price objective (up from $30.00) on shares of YPF Sociedad Anónima in a research report on Wednesday, December 4th. Finally, Citigroup lowered shares of YPF Sociedad Anónima from a "buy" rating to a "neutral" rating and raised their target price for the company from $33.00 to $44.00 in a research report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, YPF Sociedad Anónima currently has an average rating of "Moderate Buy" and an average target price of $39.16.

YPF Sociedad Anónima Price Performance

NYSE:YPF traded up $0.56 during mid-day trading on Friday, reaching $45.88. The stock had a trading volume of 2,950,082 shares, compared to its average volume of 3,007,547. YPF Sociedad Anónima has a 12 month low of $14.53 and a 12 month high of $47.43. The stock has a market capitalization of $18.05 billion, a PE ratio of 23.17, a P/E/G ratio of 0.13 and a beta of 1.91. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.88 and a quick ratio of 0.68. The stock has a 50-day simple moving average of $38.80 and a two-hundred day simple moving average of $27.82.

Hedge Funds Weigh In On YPF Sociedad Anónima

A number of hedge funds have recently modified their holdings of YPF. Encompass Capital Advisors LLC raised its position 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 worth $23,519,000 after purchasing an additional 168,919 shares during the last quarter. Marshall Wace LLP raised its position in shares of 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 shares of YPF Sociedad Anónima by 6.9% in the second quarter. Discovery Capital Management LLC CT now owns 745,379 shares of the oil and gas exploration company's stock worth $14,997,000 after acquiring an additional 48,000 shares during the period. Duquesne Family Office LLC bought a new stake in YPF Sociedad Anónima in the second quarter valued at approximately $12,845,000. Finally, Squarepoint Ops LLC bought a new stake in YPF Sociedad Anónima in the second quarter valued at approximately $6,890,000. Institutional investors and hedge funds 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.