Vista Energy (NYSE:VIST) Raised to “Hold” at Zacks Research

Vista Energy (NYSE:VIST) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

Several other analysts also recently issued reports on VIST. Weiss Ratings downgraded Vista Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, September 1st. JPMorgan Chase & Co. raised their target price on shares of Vista Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. Finally, HSBC started coverage on Vista Energy in a research report on Sunday, June 14th. They issued a “buy” rating and a $95.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $83.44.

Vista Energy Stock Performance

VIST opened at $65.44 on Tuesday. The firm has a market cap of $6.82 billion, a PE ratio of 8.63, a P/E/G ratio of 0.58 and a beta of 0.63. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 0.84. The business has a fifty day simple moving average of $70.20 and a 200-day simple moving average of $69.63. Vista Energy has a fifty-two week low of $33.45 and a fifty-two week high of $81.44.

Vista Energy (NYSE:VIST) last issued its 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 company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. As a group, equities analysts predict that Vista Energy will post 9.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Vista Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Operose Advisors LLC purchased a new position in shares of Vista Energy during the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC raised 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 worth $39,000 after acquiring an additional 163 shares in the last quarter. Platinum Investment Management Ltd. acquired a new stake in Vista Energy during the fourth quarter valued at $67,000. DV Trading LLC acquired a new stake in Vista Energy during the first quarter valued at $226,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Vista Energy during the first quarter valued at $253,000. Hedge funds and other institutional investors own 63.81% of the company’s stock.

Vista Energy Company Profile

Vista Energy, SAB. de C.V. is an independent energy company focused on the exploration, development and production of oil and natural gas. The company’s portfolio is centered on unconventional resources, particularly shale oil and gas, and includes drilling, operating and developing upstream energy assets.

Vista’s principal activities are concentrated in Argentina’s Vaca Muerta formation, one of the world’s major shale hydrocarbon regions. The company also has operations and assets in Mexico, giving it a presence in key Latin American energy markets.