Vista Energy (NYSE:VIST) Shares Gap Down to $48.42

Vista Energy, S.A.B. de C.V. (NYSE:VIST) shares gapped down prior to trading on Thursday . The stock had previously closed at $48.42, but opened at $46.56. Vista Energy shares last traded at $45.22, with a volume of 629,006 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on VIST shares. UBS Group upgraded shares of Vista Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $55.00 to $60.00 in a research note on Friday. Bank of America dropped their target price on shares of Vista Energy from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. started coverage on shares of Vista Energy in a research note on Tuesday, August 20th. They set an “overweight” rating and a $68.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.80.

Vista Energy Stock Performance

The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.50. The firm has a 50-day simple moving average of $47.25 and a 200 day simple moving average of $45.23. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 0.42 and a beta of 1.81.

Vista Energy (NYSE:VIST) last announced its earnings results on Thursday, July 11th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.66). Vista Energy had a net margin of 33.08% and a return on equity of 38.04%. The business had revenue of $396.72 million during the quarter, compared to analyst estimates of $397.46 million. On average, sell-side analysts predict that Vista Energy, S.A.B. de C.V. will post 5.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VIST. Millennium Management LLC grew its stake in shares of Vista Energy by 30.5% in the 2nd quarter. Millennium Management LLC now owns 249,512 shares of the company’s stock valued at $11,348,000 after purchasing an additional 58,293 shares during the last quarter. Encompass Capital Advisors LLC lifted its holdings in shares of Vista Energy by 41.9% during the second quarter. Encompass Capital Advisors LLC now owns 1,023,782 shares of the company’s stock worth $46,562,000 after purchasing an additional 302,138 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Vista Energy in the 2nd quarter valued at $987,000. Sei Investments Co. increased its stake in Vista Energy by 253.6% in the 2nd quarter. Sei Investments Co. now owns 316,350 shares of the company’s stock valued at $14,388,000 after buying an additional 226,891 shares during the period. Finally, Seven Eight Capital LP acquired a new position in Vista Energy in the 2nd quarter valued at $1,085,000. 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.