Vista Energy (NYSE:VIST) PT Lowered to $68.00

Vista Energy (NYSE:VIST) had its price objective trimmed by Bank of America from $70.00 to $68.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. initiated coverage on Vista Energy in a research report on Tuesday, August 20th. They set an overweight rating and a $68.00 price target on the stock. UBS Group increased their target price on Vista Energy from $50.00 to $55.00 and gave the stock a neutral rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $58.80.

Vista Energy Price Performance

Shares of NYSE:VIST opened at $47.40 on Wednesday. The firm has a market capitalization of $4.56 billion, a PE ratio of 10.97, a PEG ratio of 0.38 and a beta of 1.81. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. Vista Energy has a 1-year low of $25.00 and a 1-year high of $52.47. The business’s 50 day moving average is $47.27 and its 200-day moving average is $44.86.

Vista Energy (NYSE:VIST) last released its quarterly earnings data on Thursday, July 11th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.66). The company had revenue of $396.72 million for the quarter, compared to analyst estimates of $397.46 million. Vista Energy had a net margin of 33.08% and a return on equity of 38.04%. Sell-side analysts predict that Vista Energy will post 6.2 earnings per share for the current year.

Hedge Funds Weigh In On Vista Energy

Large investors have recently modified their holdings of the business. Helikon Investments Ltd raised its position in Vista Energy by 10.4% during the fourth quarter. Helikon Investments Ltd now owns 5,929,515 shares of the company’s stock worth $174,980,000 after acquiring an additional 559,185 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Vista Energy by 186.9% in the 4th quarter. Capital Research Global Investors now owns 1,231,407 shares of the company’s stock valued at $36,339,000 after purchasing an additional 802,252 shares during the period. Capital World Investors acquired a new stake in Vista Energy in the 1st quarter valued at about $43,318,000. Encompass Capital Advisors LLC lifted its stake in Vista Energy by 41.9% in the 2nd quarter. Encompass Capital Advisors LLC now owns 1,023,782 shares of the company’s stock valued at $46,562,000 after purchasing an additional 302,138 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. bought a new position in Vista Energy during the first quarter worth about $21,145,000. 63.81% of the stock is currently owned by institutional investors and hedge funds.

About Vista Energy

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.