Vista Energy (NYSE:VIST) Shares Down 5.8% – Here’s What Happened

Vista Energy, S.A.B. de C.V. – Sponsored ADR (NYSE:VIST)’s stock price dropped 5.8% during trading on Wednesday . The stock traded as low as $71.01 and last traded at $71.1170. Approximately 1,043,072 shares traded hands during trading, a decline of 36% from the average daily volume of 1,640,506 shares. The stock had previously closed at $75.47.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Bank of America initiated coverage on shares of Vista Energy in a research report on Wednesday, February 4th. They issued a “buy” rating and a $88.00 price target on the stock. UBS Group upgraded Vista Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $50.00 to $65.00 in a report on Sunday, January 11th. Weiss Ratings raised Vista Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 13th. Zacks Research raised Vista Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Finally, The Goldman Sachs Group set a $53.20 price objective on Vista Energy in a research note on Wednesday, December 17th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Vista Energy presently has an average rating of “Moderate Buy” and a consensus price target of $68.55.

Vista Energy Price Performance

The stock has a market cap of $7.47 billion, a PE ratio of 10.72, a P/E/G ratio of 0.66 and a beta of 0.72. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.86 and a current ratio of 0.86. The business has a 50 day moving average price of $61.54 and a two-hundred day moving average price of $50.49.

Vista Energy (NYSE:VIST) last issued 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). The business had revenue of $719.06 million for the quarter, compared to the consensus estimate of $679.81 million. Vista Energy had a return on equity of 15.65% and a net margin of 29.06%. Research analysts expect that Vista Energy, S.A.B. de C.V. – Sponsored ADR will post 5.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC bought a new position in shares of Vista Energy during the 4th quarter valued at approximately $633,000. Corient Private Wealth LLC purchased a new position in shares of Vista Energy during the 4th quarter valued at $240,000. XTX Topco Ltd increased its holdings in Vista Energy by 109.2% in the 4th quarter. XTX Topco Ltd now owns 24,700 shares of the company’s stock worth $1,202,000 after acquiring an additional 12,895 shares during the last quarter. Interval Partners LP purchased a new stake in Vista Energy during the fourth quarter valued at about $2,992,000. Finally, Equinox Partners Investment Management LLC bought a new position in Vista Energy during the fourth quarter worth about $7,317,000. 63.81% of the stock is currently owned by hedge funds and other 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.