Why These Energy Stocks are Gaining This Week

7. YPF Sociedad Anónima (NYSE:YPF)

Share Price Gains Between Apr. 9 – Apr. 16: 9.8%

YPF Sociedad Anónima  (NYSE:YPF) is an energy company that engages in the oil and gas upstream and downstream activities in Argentina.

The stock of YPF Sociedad Anónima  (NYSE:YPF) received a boost after it was upgraded by HSBC from ‘Reduce’ to ‘Hold’, raising its price target by 57% to $33 from $21 previously. According to HSBC, the upgrade is attributed to an improved outlook for Argentina’s economy, energy sector, and YPF’s internal restructuring plan. Moreover, it was announced last week that YPF has signed an MOU with the Italian energy group Eni for its possible participation in an LNG project in the Vaca Muerta gas field in Argentina.