Vista Energy (NYSE:VIST) Upgraded to “Buy” at Citigroup

Vista Energy (NYSE:VIST) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued on Thursday,Benzinga reports. The brokerage presently has a $66.00 price target on the stock. Citigroup’s target price points to a potential upside of 30.00% from the company’s current price.

A number of other brokerages also recently issued reports on VIST. UBS Group reaffirmed a “neutral” rating and issued a $64.00 price objective (up previously from $60.00) on shares of Vista Energy in a research report on Friday, January 3rd. JPMorgan Chase & Co. lifted their price target on shares of Vista Energy from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Vista Energy currently has a consensus rating of “Moderate Buy” and an average target price of $64.60.

Vista Energy Price Performance

Shares of VIST stock opened at $50.77 on Thursday. The stock’s 50-day moving average is $55.45 and its 200 day moving average is $51.05. Vista Energy has a 1-year low of $30.46 and a 1-year high of $61.67. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market cap of $4.83 billion, a P/E ratio of 9.84, a PEG ratio of 0.80 and a beta of 1.70.

Institutional Investors Weigh In On Vista Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its position in Vista Energy by 53.9% during the 3rd quarter. State Street Corp now owns 100,965 shares of the company’s stock worth $4,461,000 after acquiring an additional 35,342 shares during the period. Lebenthal Global Advisors LLC purchased a new position in shares of Vista Energy in the fourth quarter worth about $343,000. TT International Asset Management LTD lifted its holdings in shares of Vista Energy by 2.3% during the third quarter. TT International Asset Management LTD now owns 1,933,803 shares of the company’s stock worth $85,435,000 after purchasing an additional 43,664 shares during the period. Blue Trust Inc. boosted its position in Vista Energy by 160.0% in the third quarter. Blue Trust Inc. now owns 8,872 shares of the company’s stock valued at $403,000 after buying an additional 5,460 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Vista Energy by 11.4% in the 3rd quarter. Geode Capital Management LLC now owns 14,003 shares of the company’s stock worth $619,000 after buying an additional 1,437 shares during the period. 63.81% of the stock is currently 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.