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    YPFD   ARP9897X1319

YPF SOCIEDAD ANÓNIMA

(YPFD)
  Report
End-of-day quote. End-of-day quote Buenos Aires Stock Exchange - 09/17
932.15 ARS   -3.01%
09/14In Argentina's north, a 'white gold' rush for EV metal lithium gathers pace
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09/13YPF SOCIEDAD ANÓNIMA : Anónima (Form 6-K)
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09/01YPF SOCIEDAD ANÓNIMA : Investor Presentation Q2 2021
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Argentina stocks slide led by energy, banks after MSCI downgrade

06/25/2021 | 12:42pm EDT

BUENOS AIRES, June 25 (Reuters) - Argentina's S&P Merval stock index closed down some 2.7% on Friday after MSCI yanked the country's emerging market status and reclassified it a "standalone" market over continued tough capital controls limiting accessibility for investors.

Index provider MSCI said on Thursday it would reclassify the MSCI Argentina Index from Emerging Markets to Standalone Markets status during its November index review, due to the "prolonged severity of capital controls with no resolution."

Indices can funnel billions of dollars of tracking funds into developing economies. A status downgrade can spark forced selling by funds, hitting locally listed companies hard.

The Merval index, which has climbed sharply since April, dropped a maximum 5.74% before slightly rebounding. Among the biggest drops were local-listed shares of state oil company YPF and financial firm Grupo Supervielle.

U.S.-listed shares of Argentine IT services firm slipped in early trading, but recovered to end only marginally down for the day. MetroGAS SA was down around 6%.

Some analysts pointed out that the downgrade was already partially baked into prices given the country has been warned before and capital controls have now been in place since 2019.

"Stock prices are already discounting a very punished market and with a lot of bad news on top of it, so this novelty of going to 'Standalone' isn't a very strong change in market sentiment", said consultancy Portfolio Personal Inversiones.

"Beyond the movement we're seeing currently with the noise of this news, the market trend will be guided by the (midterm)elections, negotiations with the IMF and Paris Club, and the economic plan for the coming years," it added.

Argentina this week struck a deal with the Paris Club group of country lenders to defer $2 billion in payments until March next year, gaining some breathing room in larger debt talks with the International Monetary Fund. (Reporting by Walter Bianchi and Jorge Otaola; Writing by Adam Jourdan; editing by Jonathan Oatis and Marguerita Choy)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
GRUPO SUPERVIELLE S.A. -2.57% 87.25 End-of-day quote.39.60%
METROGAS S.A. 3.62% 35.8 End-of-day quote.80.35%
US DOLLAR / ARGENTINE PESO (USD/ARS) 0.31% 98.47 Delayed Quote.16.74%
YPF SOCIEDAD ANÓNIMA -3.01% 932.15 End-of-day quote.34.34%
All news about YPF SOCIEDAD ANÓNIMA
09/14In Argentina's north, a 'white gold' rush for EV metal lithium gathers pace
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09/13YPF SOCIEDAD ANÓNIMA : Anónima (Form 6-K)
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09/01YPF SOCIEDAD ANÓNIMA : Investor Presentation Q2 2021
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08/24YPF SOCIEDAD ANÓNIMA : Anónima (Form 6-K)
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08/17YPF SOCIEDAD ANÓNIMA : CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF..
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08/17Tranche Update on YPF Sociedad Anónima's Equity Buyback Plan announced on May..
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08/17Tranche Update on YPF Sociedad Anónima's Equity Buyback Plan announced on May..
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08/17YPF SOCIEDAD ANÓNIMA : Financial Statements 06-30-2021
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08/11YPF Sociedad Anónima Reaffirms Production Guidance for the Full Year of 2021
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08/11YPF SOCIEDAD ANÓNIMA : Q2 2021 Earnings Webcast Presentation
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Analyst Recommendations on YPF SOCIEDAD ANÓNIMA
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Financials
Sales 2021 1 227 B 12 503 M 12 503 M
Net income 2021 -9 201 M -93,7 M -93,7 M
Net Debt 2021 696 B 7 090 M 7 090 M
P/E ratio 2021 448x
Yield 2021 0,00%
Capitalization 367 B 3 727 M 3 735 M
EV / Sales 2021 0,87x
EV / Sales 2022 0,80x
Nbr of Employees 20 317
Free-Float 49,0%
Chart YPF SOCIEDAD ANÓNIMA
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YPF Sociedad Anónima Technical Analysis Chart | MarketScreener
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Technical analysis trends YPF SOCIEDAD ANÓNIMA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 4
Last Close Price 932,15 ARS
Average target price 835,00 ARS
Spread / Average Target -10,4%
EPS Revisions
Managers and Directors
Sergio Pablo Antonio Affronti Chief Executive Officer & Director
Alejandro Daniel Lew Chief Financial Officer
Pablo Gerardo González Chairman
Sergio Fernández Díaz Chief Technology Officer
Maria Luján Bianchi Chief Compliance Officer
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