Vista Energy (NYSE:VIST) Shares Up 6.6% – Here’s What Happened

Vista Energy, S.A.B. de C.V. – Sponsored ADR (NYSE:VIST) shares rose 6.6% during trading on Wednesday . The company traded as high as $65.70 and last traded at $66.0930. 324,915 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 1,369,269 shares. The stock had previously closed at $62.03.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on VIST shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vista Energy in a research report on Tuesday, June 9th. Zacks Research downgraded Vista Energy from a “strong-buy” rating to a “hold” rating in a report on Monday. UBS Group increased their target price on Vista Energy from $86.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. raised their price target on Vista Energy from $89.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Finally, HSBC began coverage on Vista Energy in a research report on Sunday, June 14th. They issued a “buy” rating and a $95.00 price target for the company. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.24.

Vista Energy Trading Down 2.5%

The stock has a market cap of $6.63 billion, a PE ratio of 9.30, a PEG ratio of 0.49 and a beta of 0.63. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 1.01. The stock’s fifty day moving average price is $70.05 and its 200 day moving average price is $63.10.

Vista Energy (NYSE:VIST) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.53). The firm had revenue of $865.01 million during the quarter, compared to analysts’ expectations of $708.61 million. Vista Energy had a return on equity of 14.80% and a net margin of 25.65%. On average, sell-side analysts forecast that Vista Energy, S.A.B. de C.V. – Sponsored ADR will post 10.67 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC purchased a new stake in shares of Vista Energy during the first quarter valued at $102,610,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Vista Energy in the 3rd quarter worth about $28,499,000. Bank of America Corp DE raised its position in Vista Energy by 824.7% in the 1st quarter. Bank of America Corp DE now owns 928,394 shares of the company’s stock worth $70,066,000 after buying an additional 827,997 shares during the last quarter. Capital Research Global Investors lifted its stake in Vista Energy by 26.2% during the 4th quarter. Capital Research Global Investors now owns 3,335,815 shares of the company’s stock valued at $162,321,000 after acquiring an additional 693,566 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Vista Energy by 21.8% during the 4th quarter. JPMorgan Chase & Co. now owns 3,634,260 shares of the company’s stock valued at $176,843,000 after acquiring an additional 649,468 shares during the period. Hedge funds and other institutional investors own 63.81% of the company’s stock.

Vista Energy Company Profile

Vista Energy (NYSE: VIST) is an independent energy company focused on the exploration, development and production of oil and natural gas resources in Mexico. The company operates through two primary segments: upstream exploration and production, and midstream and specialist services. By integrating both segments, Vista Energy seeks to capture value across the energy value chain, from field operations to the delivery of processed gas to industrial and power-generation customers.

In its upstream segment, Vista Energy holds interests in onshore gas fields in northeastern Mexico and shallow-water properties in the Bay of Campeche.