Argentina: YPF shares broke an important barrier

The state oil company was recommended by Yahoo! Finance as one of the "Top 3 Emerging Stocks to Invest in." In fact, YPF tripled its value in the last 6 months.

YPF shares exceed USD 11 on Wall Street last Friday and consolidate their bullish streak in international markets. In the last 6 months, the company tripled its value and accumulates a rise of 235%.

Such was its growth in recent times, that it was recommended within "the 3 best emerging stocks to invest before 2023", by Yahoo! Finance. In fact, the portal highlighted YPF's "high standards of efficiency, profitability and responsibility".

Likewise, Yahoo highlighted that the oil company ended 2022 with a "Zacks 2" behavior range of the exclusive Zacks Industrial Index, which allowed it to stand out as one of the three best emerging bets for this year.

In addition, in the most recent reviews, "YPF expects to reaffirm the evolutionary trend" of "short-term commercial behavior." And they added: "The expected profit growth rate for the first quarter of 2023 stands at 85.9%."

> How to buy YPF shares

YPF's shares are listed on both the Buenos Aires Stock Exchange and the New York Stock Exchange. In both cases, its price is the same, with the only difference that in international markets it is bought (and sold) in dollars, while in the local market it happens in pesos.

To acquire YPF shares, it is only necessary to have a principal account at a Stock Exchange (AlyC), popularly known as a broker, although some banks also provide this service.

> YPF shares are quoted in pesos and dollars at the same value

To find out if the broker is officially registered in the BYMA (Bolsas y Mercados Argentinos) list of agents, you can look it up in the official registry that it has on its official website.

It is important to clarify that in the local market it is also possible to buy YPF shares in dollars under the ADR format, although for this it is necessary to have a savings account in dollars under the same name as the account in pesos needed to open the account in the broker.


Carlos E. Alfaro

Managing Partner

Alfaro Abogados is an industry-focus business-oriented law firm founded in 1998 to participate as a player in international transactions. Our firm therefore meets the criteria required by today’s business environment by providing an expedient, practical problem solving legal advice as well as the cross-cultural and legal experience required for international transactions in a global economy.

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