Vista Energy (NYSE:VIST) Given New $68.00 Price Target at Bank of America

Vista Energy (NYSE:VIST) had its price objective trimmed by Bank of America from $70.00 to $68.00 in a research note published on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock.

VIST has been the topic of a number of other reports. UBS Group upped their price objective on shares of Vista Energy from $50.00 to $55.00 and gave the company a neutral rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. initiated coverage on shares of Vista Energy in a research note on Tuesday, August 20th. They issued an overweight rating and a $68.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $58.80.

Vista Energy Price Performance

VIST stock opened at $47.39 on Wednesday. Vista Energy has a 1 year low of $25.00 and a 1 year high of $52.47. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.77 and a quick ratio of 0.76. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 10.97, a P/E/G ratio of 0.38 and a beta of 1.81. The company has a 50 day simple moving average of $47.27 and a 200 day simple moving average of $44.86.

Vista Energy (NYSE:VIST) last posted its earnings results on Thursday, July 11th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.66). Vista Energy had a return on equity of 38.04% and a net margin of 33.08%. The business had revenue of $396.72 million for the quarter, compared to the consensus estimate of $397.46 million. Research analysts anticipate that Vista Energy will post 6.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC boosted its stake in Vista Energy by 30.5% during the second quarter. Millennium Management LLC now owns 249,512 shares of the company’s stock worth $11,348,000 after acquiring an additional 58,293 shares in the last quarter. Encompass Capital Advisors LLC boosted its stake in Vista Energy by 41.9% during the second quarter. Encompass Capital Advisors LLC now owns 1,023,782 shares of the company’s stock worth $46,562,000 after acquiring an additional 302,138 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in Vista Energy during the second quarter worth $987,000. Sei Investments Co. raised its holdings in Vista Energy by 253.6% during the second quarter. Sei Investments Co. now owns 316,350 shares of the company’s stock worth $14,388,000 after buying an additional 226,891 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new position in Vista Energy during the second quarter worth $1,085,000. 63.81% of the stock is owned by institutional investors.

Vista Energy Company Profile

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.