Vista Energy (NYSE:VIST) Shares Up 4.1% – Here’s What Happened

Shares of Vista Energy, S.A.B. de C.V. (NYSE:VIST) rose 4.1% during mid-day trading on Thursday . The stock traded as high as $48.97 and last traded at $48.82. Approximately 121,342 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 597,642 shares. The stock had previously closed at $46.90.

Wall Street Analyst Weigh In

A number of brokerages have commented on VIST. Bank of America cut 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. JPMorgan Chase & Co. started coverage on Vista Energy in a research note on Tuesday, August 20th. They set an “overweight” rating and a $68.00 target price for the company. Finally, UBS Group upgraded Vista Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $55.00 to $60.00 in a report on Friday, September 27th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $59.80.

Vista Energy Stock Performance

The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 0.41 and a beta of 1.79. The company has a 50 day moving average price of $48.26 and a 200 day moving average price of $45.81. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 0.77.

Institutional Trading of Vista Energy

Several institutional investors have recently made changes to their positions in VIST. Rhumbline Advisers boosted its position in Vista Energy by 41.0% in the second quarter. Rhumbline Advisers now owns 4,152 shares of the company’s stock worth $189,000 after purchasing an additional 1,208 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Vista Energy by 18.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 8,914 shares of the company’s stock worth $405,000 after buying an additional 1,359 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Vista Energy by 12.2% during the first quarter. Janney Montgomery Scott LLC now owns 14,255 shares of the company’s stock valued at $590,000 after buying an additional 1,551 shares during the period. Victory Capital Management Inc. increased its holdings in Vista Energy by 2.6% during the second quarter. Victory Capital Management Inc. now owns 109,657 shares of the company’s stock worth $4,987,000 after buying an additional 2,750 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Vista Energy by 5,683.1% in the second quarter. Blue Trust Inc. now owns 3,412 shares of the company’s stock worth $141,000 after acquiring an additional 3,353 shares during the period. 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.