Eni and YPF are partnering on a major LNG export project, targeting 30 million tons annually by 2030. Analysts project a 33.86% upside for YPF SA shares, with an average target price of $45.87. The brokerage consensus is an “Outperform” rating, indicating positive outlooks among financial analysts.
Eni, the Italian multinational, has joined forces with Argentine firm YPF to launch a noteworthy liquefied natural gas (LNG) export project. The partnership aims to capitalize on the abundant resources found in the Vaca Muerta shale, with grand ambitions of exporting up to 30 million tons of LNG annually by 2030. This project is to be structured in phases, emphasizing the importance of strategic cooperation amid ever-evolving energy markets.
From the perspective of Wall Street analysts, there is optimism surrounding YPF SA. Eleven experts have weighed in, projecting an average price target of $45.87 per share. This outlook includes a high forecast of $62.00 and a low estimate at $33.00. Notably, the current share price sits at $34.27, suggesting a potential upside of 33.86% based on these projections. For those seeking deeper insight on the forecasts, it’s worth checking the YPF SA Forecast page.
In terms of brokerage recommendations, YPF maintains a solid average rating of 2.0. This number indicates an “Outperform” status on a scale ranging from 1 to 5, where 1 signifies a Strong Buy. This suggests a bullish sentiment among analysts toward YPF’s performance in the near term.
Moreover, the GF Value metric by GuruFocus estimates that YPF’s fair value could reach $35.99 within a year. This figure reflects a potential upside of roughly 5.02% from its current trading price. The GF Value takes into consideration the stock’s historical multiples, its past growth, and forward-looking performance expectations. Interested investors can find a more in-depth analysis at the YPF SA Summary page.
In summary, Eni and YPF are embarking on a significant LNG export venture that could reshape the energy landscape in Argentina. With analyst projections indicating a robust potential for share price growth, investor sentiment appears favorable. Overall, the collaborative efforts in harnessing natural resources from the Vaca Muerta shale could lead to a transformative impact for both companies in the LNG market.
Original Source: www.gurufocus.com
