Vista Energy (NYSE:VIST) Rating Lowered to Hold at Zacks Research

Vista Energy (NYSE:VIST) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

VIST has been the subject of several other research reports. JPMorgan Chase & Co. raised their price objective on shares of Vista Energy from $89.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. HSBC initiated coverage on Vista Energy in a report on Sunday, June 14th. They issued a “buy” rating and a $95.00 price target on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Vista Energy in a report on Tuesday, June 9th. Finally, UBS Group increased their target price on Vista Energy from $86.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $83.24.

Vista Energy Stock Performance

NYSE VIST opened at $62.07 on Monday. The business’s 50 day moving average price is $70.37 and its 200-day moving average price is $62.85. Vista Energy has a fifty-two week low of $31.63 and a fifty-two week high of $81.44. The company has a market cap of $6.47 billion, a P/E ratio of 9.07, a P/E/G ratio of 0.41 and a beta of 0.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.77.

Vista Energy (NYSE:VIST) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.53). Vista Energy had a return on equity of 14.80% and a net margin of 25.65%.The firm had revenue of $865.01 million for the quarter, compared to analysts’ expectations of $708.61 million. Sell-side analysts predict that Vista Energy will post 11.89 earnings per share for the current year.

Institutional Investors Weigh In On Vista Energy

Large investors have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in shares of Vista Energy by 82.0% in the first quarter. Royal Bank of Canada now owns 9,424 shares of the company’s stock worth $439,000 after buying an additional 4,246 shares during the last quarter. Amundi acquired a new position in shares of Vista Energy in the 1st quarter valued at $229,000. Goldman Sachs Group Inc. raised its stake in Vista Energy by 57.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 183,717 shares of the company’s stock worth $8,554,000 after acquiring an additional 67,189 shares during the last quarter. Geode Capital Management LLC lifted its position in Vista Energy by 11.6% during the 2nd quarter. Geode Capital Management LLC now owns 16,665 shares of the company’s stock worth $797,000 after acquiring an additional 1,731 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in Vista Energy during the 2nd quarter valued at about $506,000. Hedge funds and other institutional investors own 63.81% of the company’s stock.

Vista Energy Company Profile

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.