Zacks Research Downgrades Vista Energy (NYSE:VIST) to Strong Sell

Key Points

• Zacks Research downgraded Vista Energy to “strong sell” from “hold,” contrasting with a broader analyst consensus of “Moderate Buy.” Five analysts rate the stock a buy, while one has issued a sell rating.
• Vista Energy reported quarterly EPS of $2.38, missing the $3.15 consensus estimate, although revenue of $1.23 billion exceeded expectations of $1.19 billion. Analysts forecast full-year EPS of $9.54.
• Shares opened at $64.01, below their 50-day and 200-day moving averages, with a market capitalization of $6.67 billion. Institutional investors own approximately 63.81% of the company.

Vista Energy (NYSE:VIST - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts have also recently commented on VIST. JPMorgan Chase & Co. increased their target price on Vista Energy from $89.00 to $93.00 and gave the company an "overweight" rating in a research note on Tuesday, May 12th. Weiss Ratings lowered Vista Energy from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday. HSBC initiated coverage on Vista Energy in a report on Sunday, June 14th. They set a "buy" rating and a $95.00 price objective on the stock. Finally, UBS Group increased their price target on shares of Vista Energy from $86.00 to $87.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Vista Energy presently has an average rating of "Moderate Buy" and an average target price of $83.24.

Vista Energy Stock Performance

Shares of VIST opened at $64.01 on Tuesday. The stock's 50-day simple moving average is $67.67 and its 200 day simple moving average is $65.60. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 0.55 and a beta of 0.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.68 and a current ratio of 0.69. Vista Energy has a 52-week low of $31.63 and a 52-week high of $81.44.

Vista Energy (NYSE:VIST - Get Free Report) last announced its quarterly earnings results on Friday, July 17th. The company reported $2.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.15 by ($0.77). Vista Energy had a return on equity of 20.26% and a net margin of 23.56%.The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.19 billion. Research analysts forecast that Vista Energy will post 9.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Vista Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its holdings in Vista Energy by 1,009.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 721 shares of the company's stock worth $25,000 after purchasing an additional 656 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Vista Energy by 46.7% during the first quarter. EverSource Wealth Advisors LLC now owns 512 shares of the company's stock valued at $39,000 after purchasing an additional 163 shares during the last quarter. Platinum Investment Management Ltd. purchased a new position in shares of Vista Energy during the fourth quarter valued at approximately $67,000. Raymond James Financial Inc. bought a new stake in shares of Vista Energy in the 2nd quarter worth approximately $163,000. Finally, Federated Hermes Inc. purchased a new stake in shares of Vista Energy in the 4th quarter worth approximately $221,000. Institutional investors own 63.81% of the company's stock.

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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