YPF (YPF) Stock Gains
Get Alerts YPF Hot Sheet
Rating Summary:
4 Buy, 6 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 2 | Down: 3 | New: 2
Join SI Premium – FREE
YPF S.A. ADS (NYSE: YPF) stock gained Wednesday, a move that could relate to an agreement with Vaca Muerta oil workers to halt a 48-hour strike planned for today. In other news, Clarin reported that Miguel Galuccio, YPF CEO, could be replaced if candidate Sergio Massa wins election (link).
Update: Bonds in Argentina hit multi-year highs on prospects of a deal to avoid default. Officials met with creditors for 12 hours Tuesday, and while no deal was reached, both sides are back at the table today.
Separately, Goldman Sachs analyst Felipe Mattar published a note discussing sensitivity of NAV to COE and FX rates.
"Overall, for every -100/+100 bp change in country risk spreads to our CoE for YPF, we estimate a potential impact of +/-US$1.6/ADR. Additionally, for every -100/+100 bp change in FX rates, we estimate an average +US$11/-$US4/ADR potential impact. As such, despite the positive upstream case based on the Vaca Muerta’s development learning curve, we believe the stock’s NAV value continues to be significantly dependent on Argentina’s underlying macroeconomic conditions," he said.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Goldman Sachs on Meta Platforms Inc. (META): 'We expect investors to have an initial negative reaction'
- Digital Realty Trust (DLR) Appoints Susan Swanezy to its Board
Create E-mail Alert Related Categories
Analyst Comments, Corporate News, Management Changes, Trader TalkRelated Entities
Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!