Vista Energy (NYSE:VIST) Reaches New 12-Month High – Here’s Why

Vista Energy, S.A.B. de C.V. – Sponsored ADR (NYSE:VIST)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $57.63 and last traded at $57.5040, with a volume of 2034956 shares trading hands. The stock had previously closed at $54.10.

Analyst Ratings Changes

VIST has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Vista Energy from $56.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. UBS Group upgraded Vista Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $65.00 in a research report on Sunday, January 11th. Zacks Research lowered Vista Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 24th. The Goldman Sachs Group set a $53.20 target price on Vista Energy in a research note on Wednesday, December 17th. Finally, Bank of America increased their target price on shares of Vista Energy from $63.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.44.

Vista Energy Stock Up 6.3%

The firm has a 50-day simple moving average of $48.88 and a 200 day simple moving average of $43.81. The stock has a market capitalization of $6.00 billion, a P/E ratio of 8.46, a P/E/G ratio of 2.25 and a beta of 0.83. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.62 and a quick ratio of 0.61.

Hedge Funds Weigh In On Vista Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Vista Energy during the third quarter worth $28,499,000. Ninety One UK Ltd raised its position in Vista Energy by 74.0% during the 2nd quarter. Ninety One UK Ltd now owns 1,337,817 shares of the company’s stock worth $63,961,000 after purchasing an additional 568,955 shares during the last quarter. Itau Unibanco Holding S.A. raised its position in Vista Energy by 356.1% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 550,435 shares of the company’s stock worth $26,316,000 after purchasing an additional 429,740 shares during the last quarter. Carrhae Capital LLP acquired a new position in Vista Energy during the 2nd quarter worth about $19,152,000. Finally, WCM Investment Management LLC grew its position in shares of Vista Energy by 102.2% in the 2nd quarter. WCM Investment Management LLC now owns 766,219 shares of the company’s stock valued at $36,962,000 after buying an additional 387,257 shares during the last quarter. 63.81% of the stock is currently owned by institutional investors and hedge funds.

About Vista Energy

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.