Vista Energy (NYSE:VIST) Rating Lowered to “Strong Sell” at Zacks Research

Vista Energy (NYSE:VIST) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Vista Energy from $89.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Weiss Ratings lowered Vista Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. UBS Group lifted their target price on Vista Energy from $86.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, HSBC began coverage on shares of Vista Energy in a research report on Sunday, June 14th. They issued a “buy” rating and a $95.00 target price for the company. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $83.24.

Vista Energy Stock Down 3.2%

VIST stock opened at $64.01 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $6.67 billion, a PE ratio of 8.44, a PEG ratio of 0.55 and a beta of 0.62. Vista Energy has a 1-year low of $31.63 and a 1-year high of $81.44. The business’s 50 day simple moving average is $67.67 and its 200 day simple moving average is $65.60.

Vista Energy (NYSE:VIST) last announced its quarterly earnings results on Friday, July 17th. The company reported $2.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.77). The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. Vista Energy had a net margin of 23.56% and a return on equity of 20.26%. As a group, research analysts anticipate that Vista Energy will post 9.54 EPS for the current year.

Institutional Investors Weigh In On Vista Energy

A number of hedge funds have recently made changes to their positions in VIST. Lazard Asset Management LLC bought a new stake in Vista Energy during the 1st quarter worth $102,610,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Vista Energy during the third quarter worth about $28,499,000. Bank of America Corp DE increased its stake in shares of Vista Energy by 824.7% in the first quarter. Bank of America Corp DE now owns 928,394 shares of the company’s stock valued at $70,066,000 after buying an additional 827,997 shares during the period. Capital Research Global Investors raised its holdings in Vista Energy by 26.2% in the 4th quarter. Capital Research Global Investors now owns 3,335,815 shares of the company’s stock valued at $162,321,000 after buying an additional 693,566 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Vista Energy by 21.8% in the 4th quarter. JPMorgan Chase & Co. now owns 3,634,260 shares of the company’s stock valued at $176,843,000 after buying an additional 649,468 shares during the last quarter. 63.81% of the stock is currently owned by institutional investors and hedge funds.

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.