Vista Energy (NYSE:VIST) Stock Price Target Cut by JPMorgan Chase & Co.

Key Points

• JPMorgan cut Vista Energy’s price target from $94 to $87 but maintained an “overweight” rating, implying approximately 21.6% upside from the previous close.
• Analyst sentiment remains favorable: five analysts rate the stock a Buy and one rates it Hold, resulting in a “Moderate Buy” consensus and an average target price of $82.04.
• Vista Energy reported quarterly EPS of $2.16, missing the $2.79 consensus estimate, although revenue of $1.29 billion exceeded expectations. Shares closed at $71.55, while institutional investors own 63.81% of the company.

Vista Energy (NYSE:VIST - Get Free Report) had its price target cut by analysts at JPMorgan Chase & Co. from $94.00 to $87.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 21.60% from the stock's previous close.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings raised shares of Vista Energy from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 16th. Zacks Research upgraded shares of Vista Energy from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 29th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $82.04.

Vista Energy Stock Performance

NYSE:VIST traded down $0.72 on Thursday, hitting $71.55. The company's stock had a trading volume of 964,411 shares, compared to its average volume of 1,234,981. Vista Energy has a one year low of $43.71 and a one year high of $81.44. The firm has a market capitalization of $7.91 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 0.65 and a beta of 0.68. The stock has a fifty day moving average of $70.80 and a two-hundred day moving average of $66.63. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 0.84.

Vista Energy (NYSE:VIST - Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.79 by ($0.63). Vista Energy had a return on equity of 20.26% and a net margin of 23.56%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.16 billion. Research analysts predict that Vista Energy will post 9.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Operose Advisors LLC acquired a new stake in Vista Energy during the second quarter worth about $32,000. EverSource Wealth Advisors LLC increased its holdings in Vista Energy by 46.7% in the 1st 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. Mirae Asset Global Investments Co. Ltd. bought a new position in Vista Energy in the 3rd quarter valued at about $101,000. Profund Advisors LLC bought a new position in Vista Energy in the 3rd quarter valued at about $210,000. Finally, DV Trading LLC bought a new position in Vista Energy in the 1st quarter valued at about $226,000. Institutional investors and hedge funds own 63.81% of the company's stock.

Vista Energy Company Profile

Vista Energy, SAB. de C.V. is an independent oil and gas company focused on the exploration, development and production of hydrocarbons. The company's operations are centered on Argentina's Vaca Muerta shale formation, where it develops unconventional oil and natural gas resources. Its products include crude oil, natural gas and natural gas liquids.

Vista was established in 2017 by Miguel Galuccio, who previously served as chief executive officer of YPF. The company was created to pursue upstream oil and gas opportunities in Latin America and subsequently built its principal operating position in Argentina.

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