Vista Energy (NYSE:VIST) Releases Quarterly Earnings Results, Misses Estimates By $0.77 EPS

Vista Energy (NYSE:VIST) released its quarterly earnings results on Thursday. The company reported $2.38 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.77), Zacks reports. Vista Energy had a return on equity of 22.33% and a net margin of 23.56%.The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion.

Vista Energy Stock Up 2.7%

VIST stock opened at $64.04 on Friday. Vista Energy has a fifty-two week low of $31.63 and a fifty-two week high of $81.44. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.77 and a quick ratio of 0.76. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 0.49 and a beta of 0.63. The business’s fifty day moving average price is $69.40 and its two-hundred day moving average price is $63.72.

Analysts Set New Price Targets

Several analysts have recently commented on VIST shares. UBS Group increased their price target on shares of Vista Energy from $86.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vista Energy in a report on Tuesday, June 9th. JPMorgan Chase & Co. increased their price objective on Vista Energy from $89.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. HSBC began coverage on Vista Energy in a research note on Sunday, June 14th. They set a “buy” rating and a $95.00 price target on the stock. Finally, Zacks Research downgraded shares of Vista Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $83.24.

Institutional Trading of Vista Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in Vista Energy by 82.0% in the first quarter. Royal Bank of Canada now owns 9,424 shares of the company’s stock worth $439,000 after buying an additional 4,246 shares in the last quarter. Amundi bought a new position in Vista Energy in the first quarter worth approximately $229,000. Goldman Sachs Group Inc. increased its holdings in Vista Energy by 57.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 183,717 shares of the company’s stock worth $8,554,000 after acquiring an additional 67,189 shares in the last quarter. Geode Capital Management LLC grew its holdings in Vista Energy by 11.6% during the 2nd quarter. Geode Capital Management LLC now owns 16,665 shares of the company’s stock valued at $797,000 after buying an additional 1,731 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of Vista Energy in the second quarter worth about $506,000. Institutional investors own 63.81% of the company’s stock.

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.