Jefferies initiated coverage of YPF with a Hold rating and $14.50 price target. The analyst believes the company’s relatively high debt, limited free cash flow and exposure to domestic fuel prices offset its strong growth opportunities in the Vaca Muerta shale play and offshore exploration. This makes YPF the most levered name in the firm’s energy coverage to Argentina’s upcoming presidential election, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on YPF:
- YPF call volume above normal and directionally bullish
- Burford says ruling suggests final judgment of about $16B against Argentina
- Argentina says will appeal U.S. ruling on YPF, Bloomberg reports
- Argentina ordered to pay at least $8.4B in YPF suit with claims owned by Burford
- YPF Upcoming Earnings Report: What to Expect?