Vista Energy (NYSE:VIST) Stock Price Up 4.3% – Here’s Why

Shares of Vista Energy, S.A.B. de C.V. – Sponsored ADR (NYSE:VIST) rose 4.3% on Thursday. The company traded as high as $68.20 and last traded at $68.2630. Approximately 207,669 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 1,261,725 shares. The stock had previously closed at $65.43.

Wall Street Analyst Weigh In

VIST has been the subject of a number of recent analyst reports. Zacks Research raised Vista Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 29th. JPMorgan Chase & Co. lifted their price target on shares of Vista Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Weiss Ratings cut shares of Vista Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 1st. Finally, HSBC initiated coverage on shares of Vista Energy in a report on Sunday, June 14th. They set a “buy” rating and a $95.00 price objective for the company. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.44.

Vista Energy Trading Up 2.5%

The company has a market capitalization of $6.99 billion, a P/E ratio of 8.84, a P/E/G ratio of 0.57 and a beta of 0.68. The company has a 50-day simple moving average of $70.01 and a 200 day simple moving average of $69.52. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.68 and a current ratio of 0.69.

Vista Energy (NYSE:VIST) last posted its quarterly earnings data on Friday, July 17th. The company reported $2.38 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.77). The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. Vista Energy had a net margin of 23.56% and a return on equity of 20.26%. Sell-side analysts expect that Vista Energy, S.A.B. de C.V. – Sponsored ADR will post 9.18 earnings per share for the current year.

Institutional Trading of Vista Energy

A number of hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC acquired a new stake in Vista Energy in the 1st quarter worth $102,610,000. Cape Ann Asset Management Ltd increased its holdings in shares of Vista Energy by 35.1% during the 1st quarter. Cape Ann Asset Management Ltd now owns 931,842 shares of the company’s stock worth $70,326,000 after purchasing an additional 241,942 shares during the period. Bank of America Corp DE raised its position in shares of Vista Energy by 824.7% during the first quarter. Bank of America Corp DE now owns 928,394 shares of the company’s stock valued at $70,066,000 after buying an additional 827,997 shares during the last quarter. Gemsstock Ltd. raised its position in shares of Vista Energy by 97.7% during the fourth quarter. Gemsstock Ltd. now owns 613,017 shares of the company’s stock valued at $29,829,000 after buying an additional 302,902 shares during the last quarter. Finally, CI Investments Inc. lifted its stake in shares of Vista Energy by 57.3% in the first quarter. CI Investments Inc. now owns 456,186 shares of the company’s stock valued at $34,428,000 after buying an additional 166,230 shares during the period. 63.81% of the stock is owned by institutional investors.

Vista Energy Company Profile

Vista Energy, SAB. de C.V. is an independent energy company focused on the exploration, development and production of oil and natural gas. The company’s portfolio is centered on unconventional resources, particularly shale oil and gas, and includes drilling, operating and developing upstream energy assets.

Vista’s principal activities are concentrated in Argentina’s Vaca Muerta formation, one of the world’s major shale hydrocarbon regions. The company also has operations and assets in Mexico, giving it a presence in key Latin American energy markets.