Vista Energy (NYSE:VIST) Stock Bumped Up to Hold by Zacks Research

Key Points

• Zacks Research upgraded Vista Energy from “strong sell” to “hold.” Despite the change, the broader analyst consensus remains “Moderate Buy,” with five Buy ratings and one Hold rating and an average price target of $83.44.
• Vista Energy shares opened at $65.44, down 1.9%, below their 50-day and 200-day moving averages. The company’s latest quarterly EPS of $2.38 missed estimates of $3.15, although revenue of $1.23 billion exceeded forecasts.
• Institutional investors hold 63.81% of Vista Energy’s stock, with several major funds recently initiating or increasing positions, including Lazard Asset Management and Bank of America.

Vista Energy (NYSE:VIST - Get Free Report) was upgraded by Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Tuesday, Zacks reports.

A number of other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Vista Energy from $93.00 to $94.00 and gave the company an "overweight" rating in a report on Tuesday, September 1st. Weiss Ratings lowered Vista Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, September 1st. Finally, HSBC began coverage on Vista Energy in a research report on Sunday, June 14th. They issued a "buy" rating and a $95.00 target price on the stock. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $83.44.

Vista Energy Stock Down 1.9%

Vista Energy stock opened at $65.44 on Tuesday. The firm has a market capitalization of $6.82 billion, a P/E ratio of 8.63, a P/E/G ratio of 0.58 and a beta of 0.63. The company has a 50-day simple moving average of $70.20 and a 200-day simple moving average of $69.63. Vista Energy has a one year low of $33.45 and a one year high of $81.44. 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 posted its earnings results on Friday, July 17th. The company reported $2.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.15 by ($0.77). Vista Energy had a net margin of 23.56% and a return on equity of 20.26%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. As a group, equities analysts expect that Vista Energy will post 9.18 earnings per share for the current year.

Institutional Trading of Vista Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC bought a new stake in Vista Energy in the first quarter worth about $102,610,000. Bank of America Corp DE boosted its position in shares of Vista Energy by 824.7% during the 1st quarter. Bank of America Corp DE now owns 928,394 shares of the company's stock valued at $70,066,000 after purchasing an additional 827,997 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Vista Energy by 26.2% in the 4th quarter. Capital Research Global Investors now owns 3,335,815 shares of the company's stock worth $162,321,000 after purchasing an additional 693,566 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Vista Energy in the 1st quarter worth approximately $28,803,000. Finally, RWC Asset Advisors US LLC acquired a new position in shares of Vista Energy in the 2nd quarter worth approximately $23,346,000. 63.81% of the stock is currently owned by institutional investors.

About Vista Energy

Vista Energy, SAB. de C.V. is an independent energy company focused on the exploration, development and production of oil and natural gas. The company's portfolio is centered on unconventional resources, particularly shale oil and gas, and includes drilling, operating and developing upstream energy assets.

Vista's principal activities are concentrated in Argentina's Vaca Muerta formation, one of the world's major shale hydrocarbon regions. The company also has operations and assets in Mexico, giving it a presence in key Latin American energy markets.

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