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

Vista Energy, S.A.B. de C.V. – Sponsored ADR (NYSE:VIST) shares traded up 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. 498,709 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 1,278,870 shares. The stock had previously closed at $71.46.

Other equities research analysts have also recently issued research reports about the stock. 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 raised shares of Vista Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 17th. UBS Group raised their price objective 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. Finally, Zacks Research cut shares of Vista Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Vista Energy has an average rating of “Moderate Buy” and a consensus price target of $83.44.

Institutional Investors Weigh In On Vista Energy

Several institutional investors and hedge funds have recently modified their holdings of VIST. Caitong International Asset Management Co. Ltd boosted its position in shares of Vista Energy by 1,009.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 721 shares of the company’s stock worth $25,000 after acquiring an additional 656 shares during the last quarter. Operose Advisors LLC bought a new stake in Vista Energy in the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC lifted its stake in Vista Energy by 46.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 512 shares of the company’s stock worth $39,000 after purchasing an additional 163 shares in the last quarter. Platinum Investment Management Ltd. purchased a new stake in Vista Energy in the 4th quarter worth $67,000. Finally, Raymond James Financial Inc. bought a new position in shares of Vista Energy during the 2nd quarter valued at about $163,000. Institutional investors own 63.81% of the company’s stock.

Vista Energy Price Performance

The firm has a market cap of $8.05 billion, a P/E ratio of 10.19, a P/E/G ratio of 0.62 and a beta of 0.63. The firm’s fifty day simple moving average is $66.80 and its 200 day simple moving average is $67.63. 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) last issued 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 firm had revenue of $1.23 billion during 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%. As a group, analysts forecast that Vista Energy, S.A.B. de C.V. – Sponsored ADR will post 9.54 earnings per share for the current year.

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.