YPF Sociedad Anónima (NYSE:YPF) Sees Strong Trading Volume – Still a Buy?

YPF Sociedad Anónima (NYSE:YPF) saw unusually-strong trading volume on Wednesday . Approximately 701,057 shares changed hands during trading, a decline of 68% from the previous session’s volume of 2,163,186 shares.The stock last traded at $39.91 and had previously closed at $40.03.

Analyst Upgrades and Downgrades

Several research firms have recently commented on YPF. Jefferies Financial Group raised shares of YPF Sociedad Anónima from a “hold” rating to a “buy” rating and raised their target price for the stock from $23.50 to $30.00 in a research report on Friday, August 30th. JPMorgan Chase & Co. raised their price objective on shares of YPF Sociedad Anónima from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. StockNews.com upgraded YPF Sociedad Anónima from a “hold” rating to a “buy” rating in a report on Tuesday. Citigroup cut 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 note on Wednesday. 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $28.94.

YPF Sociedad Anónima Stock Down 0.4 %

The firm has a market capitalization of $15.68 billion, a P/E ratio of 20.22, a P/E/G ratio of 0.13 and a beta of 1.78. The company has a fifty day simple moving average of $26.90 and a 200 day simple moving average of $23.26. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.59.

Institutional Investors Weigh In On YPF Sociedad Anónima

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. bought a new position in shares of YPF Sociedad Anónima in the 2nd quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC bought a new position in YPF Sociedad Anónima in the 2nd quarter worth $63,000. Activest Wealth Management bought a new stake in YPF Sociedad Anónima during the third quarter valued at about $144,000. SG Americas Securities LLC bought a new position in shares of YPF Sociedad Anónima in the second quarter worth about $185,000. Finally, Deltec Asset Management LLC purchased a new stake in shares of YPF Sociedad Anónima during the third quarter worth about $201,000. Institutional investors 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.