Vista Energy (NYSE:VIST) Trading Up 6.6% – Should You Buy?

Vista Energy, S.A.B. de C.V. – Sponsored ADR (NYSE:VIST)’s stock price traded up 6.6% during mid-day trading on Wednesday . The company traded as high as $65.70 and last traded at $66.0930. Approximately 324,915 shares were traded during trading, a decline of 76% from the average daily volume of 1,369,269 shares. The stock had previously closed at $62.03.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Vista Energy in a report on Tuesday, June 9th. UBS Group increased their price objective on Vista Energy from $86.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Zacks Research cut shares of Vista Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday. HSBC initiated coverage on shares of Vista Energy in a research note on Sunday, June 14th. They issued a “buy” rating and a $95.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of Vista Energy from $89.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.24.

Vista Energy Stock Up 6.5%

The firm’s 50-day moving average price is $70.37 and its 200 day moving average price is $62.85. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 0.41 and a beta of 0.63.

Vista Energy (NYSE:VIST) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.53). Vista Energy had a return on equity of 14.80% and a net margin of 25.65%.The firm had revenue of $865.01 million for the quarter, compared to analyst estimates of $708.61 million. On average, sell-side analysts forecast that Vista Energy, S.A.B. de C.V. – Sponsored ADR will post 11.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Vista Energy

A number of institutional investors have recently modified their holdings of VIST. Capital World Investors grew its position in Vista Energy by 1.2% in the third quarter. Capital World Investors now owns 2,979,212 shares of the company’s stock valued at $102,485,000 after acquiring an additional 36,549 shares during the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of Vista Energy in the third quarter worth about $8,600,000. Mirabella Financial Services LLP acquired a new stake in shares of Vista Energy in the 3rd quarter valued at approximately $2,046,000. Ping Capital Management Inc. grew its holdings in shares of Vista Energy by 81.5% during the 4th quarter. Ping Capital Management Inc. now owns 224,900 shares of the company’s stock valued at $10,944,000 after purchasing an additional 101,000 shares during the last quarter. Finally, Perigon Wealth Management LLC bought a new stake in shares of Vista Energy during the 4th quarter valued at approximately $2,912,000. Institutional investors and hedge funds own 63.81% of the company’s stock.

About Vista Energy

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.