Vista Energy (NYSE:VIST) Stock Price Up 7.5% – Here’s Why

Shares of Vista Energy, S.A.B. de C.V. – Sponsored ADR (NYSE:VIST) rose 7.5% during mid-day trading on Monday . The company traded as high as $77.95 and last traded at $77.73. Approximately 1,397,358 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 1,557,553 shares. The stock had previously closed at $72.29.

Wall Street Analysts Forecast Growth

VIST has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Vista Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 13th. Bank of America initiated coverage on Vista Energy in a research report on Wednesday, February 4th. They issued a “buy” rating and a $88.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Vista Energy from $89.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Zacks Research upgraded Vista Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Finally, 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. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $80.30.

Vista Energy Stock Down 5.0%

The stock has a 50-day simple moving average of $69.17 and a two-hundred day simple moving average of $57.75. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 1.01. The firm has a market cap of $7.85 billion, a PE ratio of 11.01, a P/E/G ratio of 0.22 and a beta of 0.63.

Vista Energy (NYSE:VIST) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.53). Vista Energy had a net margin of 25.65% and a return on equity of 14.80%. The firm had revenue of $865.01 million for the quarter, compared to analysts’ expectations of $708.61 million. Analysts expect that Vista Energy, S.A.B. de C.V. – Sponsored ADR will post 12.91 earnings per share for the current year.

Institutional Trading of Vista Energy

Several large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of Vista Energy by 82.0% during the first quarter. Royal Bank of Canada now owns 9,424 shares of the company’s stock valued at $439,000 after purchasing an additional 4,246 shares during the last quarter. Amundi purchased a new position in shares of Vista Energy during the first quarter valued at approximately $229,000. Goldman Sachs Group Inc. lifted its holdings in shares of Vista Energy by 57.7% during the first quarter. Goldman Sachs Group Inc. now owns 183,717 shares of the company’s stock valued at $8,554,000 after purchasing an additional 67,189 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Vista Energy by 11.6% during the second quarter. Geode Capital Management LLC now owns 16,665 shares of the company’s stock valued at $797,000 after purchasing an additional 1,731 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in Vista Energy in the 2nd quarter worth approximately $506,000. 63.81% of the stock is owned by institutional investors.

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.