Vista Energy (NYSE:VIST – Get Free Report) had its price target upped by equities researchers at JPMorgan Chase & Co. from $89.00 to $93.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 34.42% from the stock’s previous close.
Several other research analysts also recently commented on the company. UBS Group lifted their price objective on Vista Energy from $86.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Zacks Research upgraded Vista Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Weiss Ratings upgraded Vista Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. Finally, Bank of America began coverage on Vista Energy in a report on Wednesday, February 4th. They set a “buy” rating and a $88.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat, Vista Energy has a consensus rating of “Buy” and a consensus price target of $80.30.
Check Out Our Latest Research Report on Vista Energy
Vista Energy Price Performance
Vista Energy (NYSE:VIST – Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $708.61 million. Vista Energy had a net margin of 25.65% and a return on equity of 14.80%. On average, research analysts anticipate that Vista Energy will post 13.56 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Vista Energy
A number of hedge funds have recently added to or reduced their stakes in VIST. Royal Bank of Canada raised its stake in Vista Energy by 82.0% during the 1st quarter. Royal Bank of Canada now owns 9,424 shares of the company’s stock valued at $439,000 after buying an additional 4,246 shares during the last quarter. Amundi purchased a new stake in Vista Energy during the 1st quarter valued at $229,000. Goldman Sachs Group Inc. raised its stake in Vista Energy by 57.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 183,717 shares of the company’s stock valued at $8,554,000 after buying an additional 67,189 shares during the last quarter. Geode Capital Management LLC raised its stake in Vista Energy by 11.6% during the 2nd quarter. Geode Capital Management LLC now owns 16,665 shares of the company’s stock valued at $797,000 after buying an additional 1,731 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of Vista Energy in the 2nd quarter worth $506,000. 63.81% of the stock is currently owned by hedge funds and other institutional investors.
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.
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