UBS Group Upgrades Vista Energy (NYSE:VIST) to “Buy”

UBS Group upgraded shares of Vista Energy (NYSE:VIST) from a neutral rating to a buy rating in a research note published on Friday, Marketbeat.com reports. UBS Group currently has $60.00 price objective on the stock, up from their previous price objective of $55.00.

Several other equities research analysts also recently issued reports on VIST. JPMorgan Chase & Co. initiated coverage on shares of Vista Energy in a research report on Tuesday, August 20th. They set an overweight rating and a $68.00 price objective for the company. Bank of America lowered their target price on Vista Energy from $70.00 to $68.00 and set a buy rating for the company in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Vista Energy has a consensus rating of Moderate Buy and a consensus target price of $59.80.

Vista Energy Stock Down 3.9 %

NYSE:VIST opened at $44.19 on Friday. Vista Energy has a 1 year low of $25.00 and a 1 year high of $52.47. The stock has a 50-day moving average price of $47.18 and a two-hundred day moving average price of $45.35. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 0.39 and a beta of 1.81. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50.

Vista Energy (NYSE:VIST) last issued its quarterly earnings data on Thursday, July 11th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate 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. As a group, equities analysts expect that Vista Energy will post 5.87 earnings per share for the current year.

Institutional Investors Weigh In On Vista Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC grew its stake in Vista Energy by 30.5% in the second 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 in the last quarter. Encompass Capital Advisors LLC boosted its holdings in shares of Vista Energy by 41.9% in the 2nd quarter. Encompass Capital Advisors LLC now owns 1,023,782 shares of the company’s stock valued at $46,562,000 after buying an additional 302,138 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Vista Energy in the second quarter valued at $987,000. Sei Investments Co. grew its stake in shares of Vista Energy by 253.6% in the second 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 in the last quarter. Finally, Seven Eight Capital LP acquired a new position in Vista Energy during the second quarter worth $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.