Zacks Research Downgrades Vista Energy (NYSE:VIST) to Hold

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

A number of other brokerages also recently issued reports on VIST. JPMorgan Chase & Co. boosted their price target on Vista Energy from $89.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vista Energy in a research note on Tuesday, June 9th. HSBC initiated coverage on shares of Vista Energy in a report on Sunday, June 14th. They set a “buy” rating and a $95.00 target price for the company. Finally, UBS Group increased their price target on shares of Vista Energy from $86.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $83.24.

Vista Energy Trading Up 1.4%

NYSE VIST opened at $62.07 on Monday. Vista Energy has a 1 year low of $31.63 and a 1 year 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 company has a market capitalization of $6.47 billion, a PE ratio of 9.07, a P/E/G ratio of 0.41 and a beta of 0.63. The company has a fifty day moving average of $70.37 and a 200 day moving average of $62.85.

Vista Energy (NYSE:VIST) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.53). The company had revenue of $865.01 million for the quarter, compared to analyst estimates of $708.61 million. Vista Energy had a return on equity of 14.80% and a net margin of 25.65%. Research analysts forecast that Vista Energy will post 11.89 earnings per share for the current year.

Institutional Trading of Vista Energy

A number of institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in Vista Energy by 82.0% in the 1st quarter. Royal Bank of Canada now owns 9,424 shares of the company’s stock valued at $439,000 after purchasing an additional 4,246 shares during the last quarter. Amundi purchased a new stake in shares of Vista Energy during the first quarter worth $229,000. Goldman Sachs Group Inc. raised its position in shares of Vista Energy by 57.7% in the first quarter. Goldman Sachs Group Inc. now owns 183,717 shares of the company’s stock valued at $8,554,000 after buying an additional 67,189 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Vista Energy by 11.6% in the second quarter. Geode Capital Management LLC now owns 16,665 shares of the company’s stock worth $797,000 after buying an additional 1,731 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of Vista Energy in the second quarter worth about $506,000. 63.81% of the stock is 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.