YPF SA shares rose to a 52-week high of $57.57 on the New York Stock Exchange on Tuesday, extending a powerful rally driven by record quarterly financial results and a bullish upgrade from HSBC.
The stock was last trading at $57.64, just 1% shy of its peak, reflecting a year that has seen shares more than double. YPF is up 105.5% from a year ago and has gained nearly 56% year to date, according to InvestingPro data.
The latest leg higher followed the release of second-quarter 2026 results that broadly surpassed expectations. Adjusted earnings came in at $3.07 per share, well above analyst estimates of $2.10. Revenue reached $6.57 billion, topping the forecast of $5.96 billion, while adjusted EBITDA hit a record $2.8 billion and operating income recorded $1.8 billion.
HSBC upgraded its rating on YPF to Buy from Hold, raising its price target to $60 from $52. The bank cited the company’s favorable position in benefiting from high refining margins and the outlook for lower crude prices in the near term.
The upgrade adds weight to a strong performance picture. Hugging these highs is notable for a company that traded essentially worthless as recently as the 2001–2002 Argentine economic crisis, when YPF’s shares lost roughly 99.7% of their value.
