Vista Energy (NYSE:VIST) Shares Gap Up – Here’s Why

Vista Energy, S.A.B. de C.V. (NYSE:VIST) shares gapped up before the market opened on Monday . The stock had previously closed at $54.17, but opened at $55.30. Vista Energy shares last traded at $54.05, with a volume of 151,113 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. UBS Group raised Vista Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $55.00 to $60.00 in a research note on Friday, September 27th. Bank of America decreased their price target on Vista Energy from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vista Energy presently has an average rating of “Moderate Buy” and an average target price of $59.80.

Vista Energy Stock Performance

The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.48. The stock’s fifty day simple moving average is $52.50 and its 200-day simple moving average is $48.78. The company has a market capitalization of $5.18 billion, a PE ratio of 10.55, a PEG ratio of 0.92 and a beta of 1.75.

Institutional Investors Weigh In On Vista Energy

Institutional investors have recently added to or reduced their stakes in the company. TT International Asset Management LTD raised its holdings in shares of Vista Energy by 2.3% during the 3rd quarter. TT International Asset Management LTD now owns 1,933,803 shares of the company’s stock valued at $85,435,000 after buying an additional 43,664 shares during the period. Geode Capital Management LLC grew its position in Vista Energy by 11.4% during the 3rd quarter. Geode Capital Management LLC now owns 14,003 shares of the company’s stock worth $619,000 after purchasing an additional 1,437 shares in the last quarter. State Street Corp boosted its position in shares of Vista Energy by 53.9% in the third quarter. State Street Corp now owns 100,965 shares of the company’s stock worth $4,461,000 after buying an additional 35,342 shares during the period. Itau Unibanco Holding S.A. lifted its stake in Vista Energy by 204.1% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 66,000 shares of the company’s stock worth $2,916,000 after acquiring an additional 44,300 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Vista Energy by 13.7% during the third quarter. HighTower Advisors LLC now owns 43,062 shares of the company’s stock worth $1,908,000 after purchasing an additional 5,202 shares during the period. Hedge funds and other institutional investors own 63.81% of the company’s stock.

Vista Energy Company Profile

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.