Vista Energy (NYSE:VIST) Shares Up 5.8% – Still a Buy?

Vista Energy, S.A.B. de C.V. (NYSE:VIST)’s share price rose 5.8% on Tuesday . The company traded as high as $57.83 and last traded at $57.64. Approximately 485,954 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 976,611 shares. The stock had previously closed at $54.49.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Bank of America decreased their target price on shares of Vista Energy from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. UBS Group reissued a “neutral” rating and set a $64.00 price target (up from $60.00) on shares of Vista Energy in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Vista Energy presently has an average rating of “Moderate Buy” and a consensus target price of $60.60.

Vista Energy Price Performance

The stock has a fifty day moving average of $53.34 and a 200-day moving average of $49.42. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $5.41 billion, a P/E ratio of 11.00, a PEG ratio of 0.92 and a beta of 1.71.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Encompass Capital Advisors LLC raised its stake in shares of 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 buying an additional 302,138 shares during the last quarter. State Street Corp lifted its stake in shares of Vista Energy by 53.9% in the 3rd quarter. State Street Corp now owns 100,965 shares of the company’s stock valued at $4,461,000 after purchasing an additional 35,342 shares during the period. Connective Portfolio Management LLC boosted its position in shares of Vista Energy by 123.1% in the 3rd quarter. Connective Portfolio Management LLC now owns 29,000 shares of the company’s stock worth $1,281,000 after purchasing an additional 16,000 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new stake in shares of Vista Energy during the third quarter worth $994,000. Finally, TT International Asset Management LTD increased its holdings in Vista Energy by 2.3% in the third quarter. TT International Asset Management LTD now owns 1,933,803 shares of the company’s stock valued at $85,435,000 after purchasing an additional 43,664 shares during the last quarter. Institutional investors and hedge funds own 63.81% of the company’s stock.

About Vista Energy

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.