Vista Energy (NYSE:VIST) Sees Strong Trading Volume – Still a Buy?

Shares of Vista Energy, S.A.B. de C.V. (NYSE:VIST) saw unusually-strong trading volume on Wednesday . Approximately 252,454 shares were traded during trading, a decline of 62% from the previous session’s volume of 665,413 shares.The stock last traded at $54.83 and had previously closed at $53.52.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. UBS Group upgraded shares of Vista Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $55.00 to $60.00 in a research report on Friday, September 27th. JPMorgan Chase & Co. began coverage on Vista Energy in a research report on Tuesday, August 20th. They issued an “overweight” rating and a $68.00 target price for the company. Finally, Bank of America reduced their price target 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Vista Energy currently has an average rating of “Moderate Buy” and an average target price of $59.80.

Vista Energy Price Performance

The firm has a 50-day moving average of $48.98 and a 200-day moving average of $47.22. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market capitalization of $5.11 billion, a P/E ratio of 10.35, a PEG ratio of 0.45 and a beta of 1.78.

Institutional Investors Weigh In On Vista Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Encompass Capital Advisors LLC grew its holdings in Vista Energy by 41.9% during the second quarter. Encompass Capital Advisors LLC now owns 1,023,782 shares of the company’s stock valued at $46,562,000 after purchasing an additional 302,138 shares during the period. Connective Portfolio Management LLC lifted its holdings in Vista Energy by 123.1% during the third quarter. Connective Portfolio Management LLC now owns 29,000 shares of the company’s stock valued at $1,281,000 after purchasing an additional 16,000 shares in the last quarter. Verde Servicos Internacionais S.A. bought a new position in shares of Vista Energy in the third quarter worth approximately $994,000. Blue Trust Inc. increased its stake in shares of Vista Energy by 160.0% in the third quarter. Blue Trust Inc. now owns 8,872 shares of the company’s stock worth $403,000 after purchasing an additional 5,460 shares in the last quarter. Finally, Diversified Trust Co purchased a new position in shares of Vista Energy during the 3rd quarter valued at $694,000. Hedge funds and other institutional investors own 63.81% of the company’s stock.

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.