Vista Energy (NYSE:VIST) Announces Earnings Results, Beats Expectations By $0.24 EPS

Key Points

• Vista Energy reported a quarterly EPS of $1.48, exceeding analyst estimates of $1.16 by $0.32.
• The company's stock price increased by 2.1% during trading, reaching $35.75 with a market cap of $3.40 billion.
• Analysts have mixed opinions on Vista Energy, with price targets varying; JPMorgan reduced its target from $57.00 to $50.00 while maintaining an "overweight" rating.

Vista Energy (NYSE:VIST - Get Free Report) issued its earnings results on Wednesday. The company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.24 by $0.24, Zacks reports. Vista Energy had a return on equity of 12.02% and a net margin of 29.12%.

Vista Energy Trading Up 2.1%

Shares of NYSE:VIST opened at $35.75 on Thursday. Vista Energy has a 1 year low of $31.63 and a 1 year high of $61.67. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 6.44 and a beta of 0.97. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.41 and a quick ratio of 0.41. The business's 50 day moving average price is $37.15 and its 200-day moving average price is $43.32.

Wall Street Analyst Weigh In

Several equities research analysts have commented on VIST shares. Zacks Research lowered Vista Energy from a "hold" rating to a "strong sell" rating in a research report on Monday, October 13th. JPMorgan Chase & Co. lowered their price objective on Vista Energy from $57.00 to $50.00 and set an "overweight" rating on the stock in a research report on Friday, October 17th. Wall Street Zen lowered Vista Energy from a "hold" rating to a "sell" rating in a research report on Saturday, October 11th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Vista Energy in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Vista Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in VIST. Bank of America Corp DE lifted its position in shares of Vista Energy by 83.9% during the 2nd quarter. Bank of America Corp DE now owns 318,845 shares of the company's stock valued at $15,244,000 after buying an additional 145,507 shares in the last quarter. Man Group plc purchased a new position in shares of Vista Energy during the 2nd quarter valued at approximately $6,247,000. Brevan Howard Capital Management LP lifted its position in shares of Vista Energy by 96.4% during the 2nd quarter. Brevan Howard Capital Management LP now owns 142,381 shares of the company's stock valued at $6,854,000 after buying an additional 69,881 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Vista Energy by 57.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 183,717 shares of the company's stock valued at $8,554,000 after buying an additional 67,189 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in Vista Energy in the 2nd quarter valued at $1,829,000. Hedge funds and other institutional investors own 63.81% of the company's stock.

About Vista Energy

Vista Energy, SAB. de C.V., through its subsidiaries, engages in the exploration and production of oil and gas in Latin America. The company's principal assets located in Neuquina basin, Argentina and Vaca Muerta. It owns producing assets in Argentina and Mexico. In addition, the company involved in drilling and workover activities located in Argentina.