Bank of America Cuts Vista Energy (NYSE:VIST) Price Target to $68.00

Vista Energy (NYSE:VIST) had its price objective lowered by research analysts at Bank of America from $70.00 to $68.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price target suggests a potential upside of 47.09% from the stock’s current price.

A number of other research analysts have also commented on VIST. UBS Group raised their price objective on shares of Vista Energy from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. assumed 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vista Energy has an average rating of “Moderate Buy” and a consensus target price of $58.80.

Vista Energy Stock Performance

VIST stock traded down $1.46 during trading on Wednesday, reaching $46.23. 240,632 shares of the company’s stock were exchanged, compared to its average volume of 570,580. Vista Energy has a 1-year low of $25.00 and a 1-year high of $52.47. The firm has a market cap of $4.44 billion, a PE ratio of 10.70, a P/E/G ratio of 0.38 and a beta of 1.81. The company’s fifty day moving average price is $47.26 and its 200-day moving average price is $44.75. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.50.

Vista Energy (NYSE:VIST) last announced its earnings results on Thursday, July 11th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.66). The company had revenue of $396.72 million during the quarter, compared to the consensus estimate of $397.46 million. Vista Energy had a net margin of 33.08% and a return on equity of 38.04%. On average, research analysts expect that Vista Energy will post 6.2 EPS for the current fiscal year.

Institutional Trading of Vista Energy

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

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.