YPF Sociedad Anónima (NYSE:YPF) Downgraded by Zacks Investment Research to Strong Sell

Zacks Investment Research lowered shares of YPF Sociedad Anónima (NYSE:YPF) from a hold rating to a strong sell rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “YPF Sociedad Anonima is an international energy company, based on the integrated business of hydrocarbons, focalized in Latin America, with high standards of efficiency, profitability and responsibility. They have a dominant position in Argentina’s exploration, production, refining and marketing sectors, as well as a growing presence in petrochemicals. “

NYSE YPF opened at $4.61 on Wednesday. YPF Sociedad Anónima has a 52 week low of $2.98 and a 52 week high of $5.86. The firm has a market capitalization of $1.81 billion, a P/E ratio of -4.19 and a beta of 1.98. The company has a quick ratio of 0.71, a current ratio of 1.04 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average price of $4.86 and a 200-day moving average price of $4.58.

YPF Sociedad Anónima (NYSE:YPF) last released its quarterly earnings results on Tuesday, August 10th. The oil and gas exploration company reported ($1.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($2.06). The business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.06 billion. YPF Sociedad Anónima had a negative net margin of 4.09% and a negative return on equity of 12.65%. As a group, equities research analysts anticipate that YPF Sociedad Anónima will post -0.5 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund purchased a new stake in YPF Sociedad Anónima during the 2nd quarter valued at approximately $35,000. Marshall Wace LLP bought a new position in shares of YPF Sociedad Anónima during the 1st quarter valued at approximately $114,000. Ensign Peak Advisors Inc bought a new position in shares of YPF Sociedad Anónima during the 1st quarter valued at approximately $39,000. Comerica Bank bought a new position in shares of YPF Sociedad Anónima during the 2nd quarter valued at approximately $44,000. Finally, Colony Group LLC bought a new position in shares of YPF Sociedad Anónima during the 1st quarter valued at approximately $43,000. 13.71% of the stock is owned by institutional investors and hedge funds.

YPF Sociedad Anónima Company Profile

YPF SA engages in the exploration, production, and distribution of oil and gas. It operates through the following segments: Upstream, Gas and Power, Downstream, Central Administration and Other. The Upstream segment sells petroleum and natural gas. The Gas and Power segment markets natural gas to third parties and downstream segment; and manages commercial and technical LNG Regasification Terminals in Bahia Blanca and Escobar.

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