Vista Energy (NYSE:VIST) Stock Crosses Below 200 Day Moving Average - Here's Why

Key Points

• Vista Energy shares fell below their 200-day moving average, reaching $66.50 before last trading at $66.95, below the $66.96 technical benchmark.
• Analyst sentiment remains positive overall, with five Buy ratings and one Hold rating, a “Moderate Buy” consensus, and an average price target of $82.04. JPMorgan nevertheless cut its target from $94 to $87.
• Vista missed quarterly earnings expectations, reporting $2.16 in EPS versus a $2.79 consensus estimate, although revenue of $1.29 billion exceeded estimates of $1.14 billion. Institutional investors own 63.81% of the company.

Vista Energy, S.A.B. de C.V. - Sponsored ADR (NYSE:VIST - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $66.96 and traded as low as $66.50. Vista Energy shares last traded at $66.95, with a volume of 1,726,190 shares.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VIST shares. JPMorgan Chase & Co. lowered their target price on Vista Energy from $94.00 to $87.00 and set an "overweight" rating for the company in a research note on Thursday, October 29th. Zacks Research raised Vista Energy from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 29th. Finally, Weiss Ratings upgraded shares of Vista Energy from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 16th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Vista Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.04.

Vista Energy Price Performance

The company has a debt-to-equity ratio of 0.84, a current ratio of 0.69 and a quick ratio of 0.68. The firm has a market capitalization of $7.41 billion, a P/E ratio of 9.31, a PEG ratio of 0.62 and a beta of 0.68. The company's 50 day moving average price is $70.82 and its 200 day moving average price is $66.96.

Vista Energy (NYSE:VIST - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.79 by ($0.63). Vista Energy had a return on equity of 22.38% and a net margin of 19.66%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.14 billion. As a group, sell-side analysts anticipate that Vista Energy, S.A.B. de C.V. - Sponsored ADR will post 10.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Vista Energy

Several large investors have recently made changes to their positions in VIST. CenterBook Partners LP grew its position in shares of Vista Energy by 34.4% during the 3rd quarter. CenterBook Partners LP now owns 21,077 shares of the company's stock worth $1,377,000 after buying an additional 5,394 shares during the period. Kestra Advisory Services LLC raised its stake in shares of Vista Energy by 11.0% during the third quarter. Kestra Advisory Services LLC now owns 3,624 shares of the company's stock worth $237,000 after buying an additional 360 shares during the last quarter. TT International Asset Management LTD raised its stake in shares of Vista Energy by 9,790.3% during the third quarter. TT International Asset Management LTD now owns 1,087,935 shares of the company's stock worth $71,097,000 after buying an additional 1,076,935 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Vista Energy in the third quarter valued at approximately $101,000. Finally, Profund Advisors LLC acquired a new position in Vista Energy in the third quarter valued at approximately $210,000. Institutional investors and hedge funds own 63.81% of the company's stock.

About Vista Energy

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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