Vista Energy (NYSE:VIST) Issues Quarterly Earnings Results, Misses Expectations By $0.85 EPS

Vista Energy (NYSE:VIST) announced its earnings results on Wednesday. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.85), Zacks reports. Vista Energy had a net margin of 32.66% and a return on equity of 15.92%. The business had revenue of $719.06 million for the quarter, compared to analysts’ expectations of $679.81 million.

Vista Energy Price Performance

Shares of VIST traded down $0.62 during midday trading on Thursday, hitting $56.19. 78,643 shares of the company traded hands, compared to its average volume of 1,200,013. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 2.96 and a beta of 0.82. The firm has a 50 day moving average of $52.05 and a 200-day moving average of $45.70. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.61 and a current ratio of 0.62. Vista Energy has a 52 week low of $31.63 and a 52 week high of $62.42.

Institutional Investors Weigh In On Vista Energy

A number of hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its stake in Vista Energy by 1,009.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 721 shares of the company’s stock valued at $25,000 after buying an additional 656 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Vista Energy during the 2nd quarter worth approximately $163,000. Federated Hermes Inc. purchased a new stake in shares of Vista Energy during the 4th quarter worth approximately $221,000. HighTower Advisors LLC bought a new position in shares of Vista Energy during the 4th quarter valued at approximately $223,000. Finally, Corient Private Wealth LLC purchased a new position in shares of Vista Energy in the fourth quarter valued at $240,000. 63.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Vista Energy from $56.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. UBS Group raised Vista Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $50.00 to $65.00 in a research report on Sunday, January 11th. Bank of America initiated coverage on Vista Energy in a research note on Wednesday, February 4th. They set a “buy” rating and a $88.00 price objective for the company. Zacks Research cut shares of Vista Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 24th. Finally, The Goldman Sachs Group set a $53.20 price target on shares of Vista Energy in a report on Wednesday, December 17th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $68.55.

About Vista Energy

Vista Energy (NYSE: VIST) is an independent energy company focused on the exploration, development and production of oil and natural gas resources in Mexico. The company operates through two primary segments: upstream exploration and production, and midstream and specialist services. By integrating both segments, Vista Energy seeks to capture value across the energy value chain, from field operations to the delivery of processed gas to industrial and power-generation customers.

In its upstream segment, Vista Energy holds interests in onshore gas fields in northeastern Mexico and shallow-water properties in the Bay of Campeche.