Vista Energy (NYSE:VIST) Shares Up 5.1% - Time to Buy?

Key Points

• Vista Energy shares rose 5.1% to about $78.34, though trading volume was 57% below the average daily level.
• Analyst sentiment is generally positive but mixed: five analysts rate the stock Buy versus one Sell, producing a “Moderate Buy” consensus and an average price target of $83.44.
• The company’s latest quarterly EPS of $2.38 missed estimates of $3.15, while revenue of $1.23 billion exceeded expectations; institutional investors own 63.81% of the stock.

Shares of Vista Energy, S.A.B. de C.V. - Sponsored ADR (NYSE:VIST - Get Free Report) traded up 5.1% during trading on Thursday . The stock traded as high as $77.74 and last traded at $78.3370. Approximately 558,603 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 1,284,786 shares. The stock had previously closed at $74.57.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VIST shares. HSBC began coverage on shares of Vista Energy in a research report on Sunday, June 14th. They issued a "buy" rating and a $95.00 price objective for the company. Zacks Research downgraded Vista Energy from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 4th. Weiss Ratings lowered Vista Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, September 1st. Finally, JPMorgan Chase & Co. raised their target price on Vista Energy from $93.00 to $94.00 and gave the company an "overweight" rating in a report on Tuesday, September 1st. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $83.44.

Vista Energy Trading Up 5.9%

The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 0.68 and a beta of 0.63. The business has a fifty day moving average of $67.85 and a two-hundred day moving average of $68.31. 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 EPS for the quarter, missing analysts' consensus estimates of $3.15 by ($0.77). The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.19 billion. Vista Energy had a return on equity of 20.26% and a net margin of 23.56%. As a group, equities analysts expect that Vista Energy, S.A.B. de C.V. - Sponsored ADR will post 8.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vista Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VIST. Absolute Gestao de Investimentos Ltda. purchased a new position in shares of Vista Energy during the second quarter valued at approximately $2,233,000. Public Employees Retirement System of Ohio purchased a new stake in Vista Energy in the 2nd quarter worth approximately $2,120,000. Janus Henderson Group PLC acquired a new position in Vista Energy in the 1st quarter valued at $5,136,000. Bank of America Corp DE raised its holdings in Vista Energy by 824.7% in the 1st quarter. Bank of America Corp DE now owns 928,394 shares of the company's stock valued at $70,066,000 after acquiring an additional 827,997 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Vista Energy by 1,885.1% during the 1st quarter. Hsbc Holdings PLC now owns 259,794 shares of the company's stock worth $19,623,000 after purchasing an additional 246,707 shares during the period. Institutional investors and hedge funds own 63.81% of the company's stock.

About Vista Energy

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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