Bank of America Begins Coverage on Vista Energy (NYSE:VIST)

Bank of America assumed coverage on shares of Vista Energy (NYSE:VIST) in a research note released on Wednesday, MarketBeat reports. The firm issued a buy rating and a $70.00 price objective on the stock.

Several other equities research analysts have also weighed in on VIST. UBS Group boosted their target price on Vista Energy from $47.00 to $50.00 and gave the stock a neutral rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. initiated coverage on shares of Vista Energy in a research note on Tuesday, August 20th. They issued an overweight rating and a $68.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vista Energy currently has an average rating of Moderate Buy and a consensus target price of $58.20.

Vista Energy Stock Up 1.0 %

Vista Energy stock opened at $52.21 on Wednesday. The firm’s 50 day moving average price is $46.60 and its two-hundred day moving average price is $43.51. The firm has a market cap of $5.02 billion, a PE ratio of 12.09 and a beta of 1.91. Vista Energy has a twelve month low of $24.38 and a twelve month high of $52.47. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 0.77.

Vista Energy (NYSE:VIST) last posted its quarterly earnings results on Thursday, July 11th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.66). Vista Energy had a return on equity of 38.04% and a net margin of 33.08%. The firm had revenue of $396.72 million for the quarter, compared to analysts’ expectations of $397.46 million. On average, research analysts predict that Vista Energy will post 6.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Vista Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in VIST. Capital World Investors acquired a new stake in shares of Vista Energy during the 1st quarter worth about $43,318,000. Capital Research Global Investors increased its holdings in Vista Energy by 186.9% during the 4th quarter. Capital Research Global Investors now owns 1,231,407 shares of the company’s stock valued at $36,339,000 after purchasing an additional 802,252 shares in the last quarter. Helikon Investments Ltd raised its position in Vista Energy by 10.4% in the 4th quarter. Helikon Investments Ltd now owns 5,929,515 shares of the company’s stock valued at $174,980,000 after purchasing an additional 559,185 shares during the last quarter. Maple Rock Capital Partners Inc. bought a new stake in shares of Vista Energy during the first quarter worth $21,145,000. Finally, Encompass Capital Advisors LLC raised its holdings in shares of Vista Energy by 41.9% in the second 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. 63.81% of the stock is owned by institutional investors.

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.