Vista Energy (NYSE:VIST) Shares Gap Down - Here's What Happened

Key Points

• Shares gapped down: Vista Energy opened at $62.60 after a prior close of $67.06 and last traded around $62.54 on a volume of about 234,870 shares.
• Positive analyst sentiment: Four analysts have Buy ratings and one Hold, giving an average rating of "Moderate Buy" and an average price target of $68.55 (Bank of America set an $88 target).
• Earnings mixed: The company missed quarterly EPS estimates ($0.49 vs. $1.12) but beat revenue expectations ($719.06M vs. $679.81M), and currently trades at a P/E of 9.62 with a market cap of roughly $6.71 billion.

Vista Energy, S.A.B. de C.V. - Sponsored ADR (NYSE:VIST - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $67.06, but opened at $62.60. Vista Energy shares last traded at $62.5380, with a volume of 234,870 shares trading hands.

Wall Street Analyst Weigh In

VIST has been the subject of a number of analyst reports. Zacks Research upgraded shares of Vista Energy from a "strong sell" rating to a "hold" rating in a research note on Friday, March 27th. Weiss Ratings upgraded shares of Vista Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, March 13th. UBS Group upgraded shares of Vista Energy from a "neutral" rating to a "buy" rating and raised their price objective for the company from $50.00 to $65.00 in a research note on Sunday, January 11th. Finally, Bank of America initiated coverage on shares of Vista Energy in a research note on Wednesday, February 4th. They set a "buy" rating and a $88.00 price objective for the company. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Vista Energy presently has an average rating of "Moderate Buy" and an average price target of $68.55.

Vista Energy Price Performance

The business's 50 day moving average price is $63.54 and its 200 day moving average price is $52.64. The stock has a market capitalization of $6.71 billion, a P/E ratio of 9.62, a price-to-earnings-growth ratio of 0.61 and a beta of 0.72. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.86 and a quick ratio of 0.86.

Vista Energy (NYSE:VIST - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $1.12 by ($0.63). Vista Energy had a return on equity of 15.65% and a net margin of 29.06%.The company had revenue of $719.06 million during the quarter, compared to the consensus estimate of $679.81 million. Sell-side analysts forecast that Vista Energy, S.A.B. de C.V. - Sponsored ADR will post 5.74 EPS for the current year.

Institutional Trading of Vista Energy

Large investors have recently made changes to their positions in the stock. Ping Capital Management Inc. grew its stake in shares of Vista Energy by 266.6% in the third quarter. Ping Capital Management Inc. now owns 123,900 shares of the company's stock worth $4,262,000 after acquiring an additional 90,100 shares during the period. Schwartz Investment Counsel Inc. bought a new stake in shares of Vista Energy in the third quarter worth approximately $1,032,000. Capital World Investors grew its stake in shares of Vista Energy by 1.2% in the third quarter. Capital World Investors now owns 2,979,212 shares of the company's stock worth $102,485,000 after acquiring an additional 36,549 shares during the period. Banco Santander S.A. grew its stake in shares of Vista Energy by 285.6% in the third quarter. Banco Santander S.A. now owns 30,086 shares of the company's stock worth $1,035,000 after acquiring an additional 22,284 shares during the period. Finally, Mirabella Financial Services LLP purchased a new position in shares of Vista Energy in the third quarter worth approximately $2,046,000. 63.81% of the stock is currently owned by institutional investors.

Vista Energy Company Profile

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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