Why YPF Sociedad Anonima (YPF) Stock Rallied Today

Stay Ahead of Wall Street. Find out what is happening to YPF Sociedad Anonima (NYSE:YPF) stock today? Its price is jumping 0.24 points, trading at $9.33 levels, and is up 2.68% from its previous close of $9.09. The shares seem to have an active trading volume day with a reported 480441 contracts so far this session. YPF shares had a relatively better volume day versus average trading capacity of 2.63 million shares, but with a 0.17 billion float and a -4.52% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for YPF stock indicates that the average analyst price target is $14.32 per share. This means the stock has a potential increase of 53.48% from where the YPF share price has been trading recently which is between $8.97 and $9.29.

During the recent trading session for YPF Sociedad Anonima (NYSE:YPF), the company witnessed their stock drop by $-0.09 over a week and tumble down $-0.52 from the price 20 days ago. When compared to their established 52-week high of $18.73, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 01/07/19. The recent low of $8.04 stood for a -50.17% since 03/09/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.49 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for YPF Sociedad Anonima, the two-week RSI stands at 49.67. This figure suggests that YPF stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current YPF readings is similarly very revealing as it has a stochastic reading of 55.83% at this stage. This figure means that YPF share price today is being neutral.

Technical chart claims that YPF Sociedad Anonima (YPF) would settle between $9.26/share to $9.44/share level. However, if the stock price goes below the $8.94 mark, then the market for YPF Sociedad Anonima becomes much weaker. If that happens, the stock price might even plunge as low as $8.8 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.15. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

Analysts at Credit Suisse raised their recommendation on shares of YPF from Neutral to Outperform in their opinion released on October 25. Raymond James analysts bumped their rating on YPF Sociedad Anonima (NYSE:YPF) stock from Outperform to Strong Buy in a separate flash note issued to investors on April 23. Analysts at HSBC Securities, made their first call for the equity with a Buy recommendation, according to a research note that dated back to April 19.

Moving on, YPF stock price is currently trading at 30.4X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 14.7. YPF Sociedad Anonima current P/B ratio of 0.4 means it is trading at a discount against its industry’s 1.1.

YPF Sociedad Anonima (YPF)’s current-quarter revenues are projected to climb by nearly -16.3% to hit $3.3 billion, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -9.6% from $15.54 billion to a noteworthy $14.05 billion. At the other end of the current quarter income statement, YPF Sociedad Anonima is expected to see its adjusted earnings surge by roughly -102.5% to hit $-0.03 per share. For the fiscal year, YPF’s earnings are projected to climb by roughly -101.1% to hit $-0.04 per share.