Vista Energy (NYSE:VIST) Shares Up 4.1% After Analyst Upgrade

Vista Energy, S.A.B. de C.V. – Sponsored ADR (NYSE:VIST – Get Free Report)’s stock price rose 4.1% during trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $93.00 to $94.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Vista Energy traded as high as $74.35 and last traded at $74.4140. Approximately 498,709 shares traded hands during trading, a decline of 61% from the average daily volume of 1,278,870 shares. The stock had previously closed at $71.46.

VIST has been the topic of a number of other reports. HSBC assumed coverage on shares of Vista Energy in a research note on Sunday, June 14th. They issued a “buy” rating and a $95.00 price objective on the stock. UBS Group upped their target price on shares of Vista Energy from $86.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Zacks Research downgraded Vista Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings upgraded Vista Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 17th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $83.44.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in shares of Vista Energy by 82.0% during the first quarter. Royal Bank of Canada now owns 9,424 shares of the company’s stock worth $439,000 after acquiring an additional 4,246 shares in the last quarter. Amundi bought a new stake in Vista Energy in the 1st quarter valued at $229,000. Goldman Sachs Group Inc. boosted its stake in Vista Energy by 57.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 183,717 shares of the company’s stock worth $8,554,000 after purchasing an additional 67,189 shares during the period. Geode Capital Management LLC boosted its stake in Vista Energy by 11.6% in the 2nd quarter. Geode Capital Management LLC now owns 16,665 shares of the company’s stock worth $797,000 after purchasing an additional 1,731 shares during the period. Finally, Cetera Investment Advisers bought a new position in Vista Energy during the 2nd quarter worth about $506,000. Institutional investors and hedge funds own 63.81% of the company’s stock.

Vista Energy Stock Performance

The stock has a fifty day simple moving average of $66.80 and a 200-day simple moving average of $67.63. The stock has a market cap of $8.05 billion, a P/E ratio of 10.19, a PEG ratio of 0.62 and a beta of 0.63. 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 – Get Free Report) last issued its quarterly earnings results on Friday, July 17th. The company reported $2.38 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.77). The firm 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%. On average, equities analysts expect that Vista Energy, S.A.B. de C.V. – Sponsored ADR will post 9.54 earnings per share for the current year.

About Vista Energy

(Get Free Report)

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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