Vista Energy (NYSE:VIST) Shares Up 9.6% Following Earnings Beat

Key Points

• Vista Energy shares surged 9.6% after reporting earnings per share of $1.48, exceeding the consensus estimate of $1.24.
• The company’s revenue for the quarter was $706.14 million, surpassing analyst expectations of $636.68 million.
• Despite the positive earnings report, several analysts have downgraded their ratings on Vista Energy, with Zacks Research moving from a "hold" to a "strong sell" rating.

Vista Energy, S.A.B. de C.V. - Sponsored ADR (NYSE:VIST - Get Free Report) rose 9.6% during mid-day trading on Thursday following a better than expected earnings announcement. The stock traded as high as $39.19 and last traded at $39.08. Approximately 1,639,083 shares changed hands during trading, an increase of 53% from the average daily volume of 1,068,615 shares. The stock had previously closed at $35.65.

The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.24. Vista Energy had a net margin of 29.12% and a return on equity of 12.02%. The firm had revenue of $706.14 million for the quarter, compared to analysts' expectations of $636.68 million.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Vista Energy

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Vista Energy during the second quarter valued at $163,000. Channing Global Advisors LLC boosted its holdings in Vista Energy by 47.6% in the second quarter. Channing Global Advisors LLC now owns 4,534 shares of the company's stock worth $217,000 after acquiring an additional 1,462 shares in the last quarter. Amundi acquired a new stake in Vista Energy in the first quarter worth about $229,000. Oppenheimer & Co. Inc. lifted its holdings in shares of Vista Energy by 14.6% during the first quarter. Oppenheimer & Co. Inc. now owns 4,950 shares of the company's stock worth $230,000 after purchasing an additional 632 shares during the period. Finally, Leavell Investment Management Inc. acquired a new stake in shares of Vista Energy during the second quarter worth about $253,000. Hedge funds and other institutional investors own 63.81% of the company's stock.

Vista Energy Price Performance

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 stock has a market cap of $3.75 billion, a price-to-earnings ratio of 7.12 and a beta of 0.97. The stock has a fifty day moving average of $37.15 and a 200 day moving average of $43.32.

Vista Energy Company Profile

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.

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