Vista Energy (NYSE:VIST) Trading Up 6% – Time to Buy?

Vista Energy, S.A.B. de C.V. (NYSE:VIST)’s stock price rose 6% on Tuesday . The stock traded as high as $56.58 and last traded at $56.45. Approximately 557,541 shares changed hands during trading, a decline of 17% from the average daily volume of 667,866 shares. The stock had previously closed at $53.27.

Analysts Set New Price Targets

Several research firms recently commented on VIST. UBS Group raised shares of Vista Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $55.00 to $60.00 in a research note on Friday, September 27th. Bank of America decreased their price objective on Vista Energy from $70.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Vista Energy in a research note on Tuesday, August 20th. They set an “overweight” rating and a $68.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Vista Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.80.

Vista Energy Price Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $5.34 billion, a PE ratio of 10.32, a PEG ratio of 0.43 and a beta of 1.75. The stock’s 50-day moving average is $49.33 and its two-hundred day moving average is $47.37.

Hedge Funds Weigh In On Vista Energy

Several hedge funds have recently added to or reduced their stakes in VIST. TT International Asset Management LTD increased its position in Vista Energy by 2.3% in the 3rd quarter. TT International Asset Management LTD now owns 1,933,803 shares of the company’s stock valued at $85,435,000 after acquiring an additional 43,664 shares during the period. Geode Capital Management LLC raised its position in shares of Vista Energy by 11.4% in the third quarter. Geode Capital Management LLC now owns 14,003 shares of the company’s stock valued at $619,000 after buying an additional 1,437 shares during the last quarter. State Street Corp lifted its position in Vista Energy by 53.9% during the third quarter. State Street Corp now owns 100,965 shares of the company’s stock worth $4,461,000 after buying an additional 35,342 shares during the period. Itau Unibanco Holding S.A. raised its stake in Vista Energy by 204.1% during the third quarter. Itau Unibanco Holding S.A. now owns 66,000 shares of the company’s stock worth $2,916,000 after purchasing an additional 44,300 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in shares of Vista Energy by 13.7% in the 3rd quarter. HighTower Advisors LLC now owns 43,062 shares of the company’s stock valued at $1,908,000 after purchasing an additional 5,202 shares during the last quarter. 63.81% of the stock is currently owned by hedge funds and other institutional investors.

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.