Vista Energy (NYSE:VIST) Stock Price Down 3.6% - Here's Why

Key Points

• Vista Energy's share price dropped by 3.6%, trading at $35.33, with a significantly lower trading volume of 409,027 shares compared to its average of 1,010,240 shares.
• Analysts have upgraded Vista Energy's stock ratings; it currently has a consensus rating of "Buy" and a price target of $65.10, with multiple firms increasing their ratings.
• The company's recent earnings report showed a missed EPS estimate of $0.55, down from the expected $2.15, despite revenues exceeding expectations at $610.54 million.

Vista Energy, S.A.B. de C.V. - Sponsored ADR (NYSE:VIST - Get Free Report)'s share price was down 3.6% on Thursday . The company traded as low as $35.48 and last traded at $35.33. Approximately 409,027 shares were traded during trading, a decline of 60% from the average daily volume of 1,010,240 shares. The stock had previously closed at $36.67.

Analyst Upgrades and Downgrades

VIST has been the subject of several research analyst reports. UBS Group upgraded shares of Vista Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 17th. Wall Street Zen upgraded shares of Vista Energy from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Finally, Zacks Research upgraded shares of Vista Energy from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $65.10.

Vista Energy Stock Performance

The firm has a market cap of $3.21 billion, a PE ratio of 15.90 and a beta of 1.10. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.89. The firm's 50 day simple moving average is $41.03 and its 200 day simple moving average is $44.97.

Vista Energy (NYSE:VIST - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $2.15 by ($1.60). The company had revenue of $610.54 million during the quarter, compared to analysts' expectations of $572.37 million. Vista Energy had a return on equity of 12.02% and a net margin of 29.12%. On average, research analysts forecast that Vista Energy, S.A.B. de C.V. - Sponsored ADR will post 5.74 EPS for the current fiscal year.

Institutional Trading of Vista Energy

Several hedge funds have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. raised its position in shares of Vista Energy by 14.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 4,950 shares of the company's stock valued at $230,000 after buying an additional 632 shares in the last quarter. Ninety One UK Ltd raised its position in shares of Vista Energy by 9.1% during the 1st quarter. Ninety One UK Ltd now owns 768,862 shares of the company's stock valued at $35,798,000 after buying an additional 63,834 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of Vista Energy during the 1st quarter valued at about $445,000. TT International Asset Management LTD raised its position in shares of Vista Energy by 19.7% during the 1st quarter. TT International Asset Management LTD now owns 969,521 shares of the company's stock valued at $45,141,000 after buying an additional 159,344 shares in the last quarter. Finally, Ping Capital Management Inc. purchased a new stake in shares of Vista Energy during the 1st quarter valued at about $1,401,000. Hedge funds and other institutional investors own 63.81% of the company's stock.

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.