Vista Energy (NYSE:VIST) Stock Price Up 5.1% – Here’s Why

Vista Energy, S.A.B. de C.V. – Sponsored ADR (NYSE:VIST)’s share price was up 5.1% during mid-day trading on Thursday . The company traded as high as $77.74 and last traded at $78.3370. 558,603 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 1,284,786 shares. The stock had previously closed at $74.57.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Vista Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Tuesday, September 1st. HSBC began coverage on shares of Vista Energy in a research note on Sunday, June 14th. They set a “buy” rating and a $95.00 target price on the stock. Weiss Ratings downgraded Vista Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, September 1st. Finally, Zacks Research downgraded Vista Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Vista Energy presently has a consensus rating of “Moderate Buy” and an average price target of $83.44.

Vista Energy Trading Down 3.3%

The company has a debt-to-equity ratio of 0.84, a current ratio of 0.69 and a quick ratio of 0.68. The company has a market cap of $7.96 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 0.70 and a beta of 0.63. The business’s fifty day moving average price is $68.54 and its 200 day moving average price is $68.50.

Vista Energy (NYSE:VIST) last announced its earnings results on Friday, July 17th. The company reported $2.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.77). The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. Vista Energy had a return on equity of 20.26% and a net margin of 23.56%. Research analysts anticipate that Vista Energy, S.A.B. de C.V. – Sponsored ADR will post 8.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vista Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised its holdings in Vista Energy by 1,009.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 721 shares of the company’s stock worth $25,000 after purchasing an additional 656 shares during the last quarter. Operose Advisors LLC bought a new position in Vista Energy during the second quarter worth $32,000. EverSource Wealth Advisors LLC lifted its holdings in Vista Energy by 46.7% in the first quarter. EverSource Wealth Advisors LLC now owns 512 shares of the company’s stock valued at $39,000 after buying an additional 163 shares during the period. Platinum Investment Management Ltd. bought a new stake in Vista Energy during the fourth quarter valued at $67,000. Finally, Raymond James Financial Inc. bought a new position in shares of Vista Energy in the 2nd quarter worth about $163,000. 63.81% of the stock is owned by institutional investors and hedge funds.

About Vista Energy

Vista Energy is an independent energy company engaged in the exploration, development and production of oil and natural gas. The company’s portfolio is focused primarily on unconventional resources in Argentina’s Vaca Muerta shale formation, where it develops oil and gas wells and related production infrastructure.

Vista’s operations include drilling, completion, processing and transportation activities, as well as the marketing of crude oil, natural gas and associated hydrocarbons. Its assets are concentrated in the Neuquén Basin, including the Bajada del Palo development, one of the company’s principal operating areas.