Eni and YPF Forge Partnership for Major Argentina LNG Project

Eni and YPF are partnering on a major LNG export project in Argentina, aiming for 30 million tons annually by 2030. Analyst forecasts for YPF indicate a 33.86% upside with a consensus target price of $45.87, and an optimistic average brokerage recommendation of “Outperform.” The projected fair value for YPF is $35.99, suggesting continued potential for growth.

Italy-based Eni and Argentina’s YPF have officially joined forces on an ambitious liquefied natural gas (LNG) export project. This venture aims to export an impressive 30 million tons of LNG annually by the year 2030. The initiative will tap into the vast resources of the Vaca Muerta shale formation and is planned to be implemented in phases. Strategic partnerships are deemed crucial for reaching these output goals, highlighting the importance of cooperation between both companies.

Analyst sentiment appears favorable regarding YPF’s performance. A total of 11 market experts have weighed in on YPF SA, with the average one-year price target set at $45.87. The estimates vary significantly, showing a high of $62.00 and a low of $33.00, indicating a potentially substantial upside of 33.86% when compared to its current share price of $34.27. Investors curious about more detailed projections can refer to YPF SA’s Forecast page.

In terms of analyst recommendations, brokerage firms categorize YPF SA’s performance as “Outperform,” assigning an average rating of 2.0 on a scale where 1 is Strong Buy and 5 is Sell. This positive consensus reflects confidence in YPF’s growth and profitability potential in the energy sector.

Moreover, the GuruFocus GF Value metric projects a fair value of $35.99 for YPF SA within the next year. This evaluation signals a modest upside potential of 5.02% from the current trading price of $34.27. The GF Value calculation factors in YPF’s past trading multiples, historical growth patterns, and estimated future performance. For those seeking a deeper dive into YPF’s metrics, the YPF SA Summary page offers additional insights.

The partnership between Eni and YPF represents a pivotal move toward enhancing Argentina’s LNG export potential, with the target set at 30 million tons annually by 2030. Analysts remain optimistic with a consensus price target suggesting significant upside for YPF shares. The brokerage recommendations further bolster this confidence, indicating a favorable outlook for YPF in the energy market. Overall, this collaboration seems well-placed to tap into Argentina’s energy resources, promising future growth and investment opportunities.

Original Source: www.gurufocus.com