YPF Sociedad Anónima (NYSE:YPF) Trading Down 4.3% – Here’s Why

YPF Sociedad Anónima (NYSE:YPF)’s stock price fell 4.3% during mid-day trading on Wednesday . The stock traded as low as $38.33 and last traded at $38.42. 595,175 shares were traded during mid-day trading, a decline of 73% from the average session volume of 2,168,139 shares. The stock had previously closed at $40.15.

Analyst Ratings Changes

Several brokerages have recently issued reports on YPF. Jefferies Financial Group upgraded YPF Sociedad Anónima from a “hold” rating to a “buy” rating and raised their price objective for the stock from $23.50 to $30.00 in a research note on Friday, August 30th. JPMorgan Chase & Co. lifted their price target on YPF Sociedad Anónima from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com cut YPF Sociedad Anónima from a “buy” rating to a “hold” rating in a research report on Wednesday. Bank of America lifted their price target on YPF Sociedad Anónima from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. Finally, Citigroup cut YPF Sociedad Anónima from a “buy” rating to a “neutral” rating and lifted their price target for the company from $33.00 to $44.00 in a research report on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.51.

YPF Sociedad Anónima Stock Performance

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 firm has a fifty day simple moving average of $28.56 and a 200 day simple moving average of $23.85. The company has a market capitalization of $15.07 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 0.14 and a beta of 1.94.

Institutional Trading of YPF Sociedad Anónima

A number of institutional investors have recently made changes to their positions in the company. Ping Capital Management Inc. acquired a new position in YPF Sociedad Anónima during the second quarter worth $51,676,000. Marshall Wace LLP boosted its stake 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 buying an additional 932,212 shares during the last quarter. Duquesne Family Office LLC acquired a new position in YPF Sociedad Anónima during the second quarter worth $12,845,000. Squarepoint Ops LLC acquired a new position in YPF Sociedad Anónima during the second quarter worth $6,890,000. Finally, Assenagon Asset Management S.A. boosted its stake in YPF Sociedad Anónima by 1,685.6% during the third quarter. Assenagon Asset Management S.A. now owns 312,293 shares of the oil and gas exploration company’s stock worth $6,624,000 after buying an additional 294,803 shares during the last quarter. 10.08% of the stock is owned by institutional investors and hedge funds.

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.