Morgan Stanley put the YPF stake in a block trade following the deal.
Repsol said it will make $622 million from the sale. Repsol will holds 0.5% of YPF, which it can';t sell due to ongoing legal proceedings in Argentina.
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TheStreet Ratings team rates YACIMIENTOS PETE FISCALES SA as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate YACIMIENTOS PETE FISCALES SA (YPF) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: