Bank of America Initiates Coverage on Vista Energy (NYSE:VIST)

Stock analysts at Bank of America assumed coverage on shares of Vista Energy (NYSE:VIST) in a report issued on Wednesday. The brokerage set a “buy” rating and a $88.00 price target on the stock. Bank of America‘s target price points to a potential upside of 62.79% from the company’s current price.

Other research analysts also recently issued research reports about the stock. UBS Group upgraded shares of Vista Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $50.00 to $65.00 in a research report on Sunday, January 11th. JPMorgan Chase & Co. increased 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. The Goldman Sachs Group set a $53.20 target price on Vista Energy in a research report on Wednesday, December 17th. Zacks Research lowered Vista Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 24th. Finally, Wall Street Zen raised Vista Energy from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.04.

Vista Energy Price Performance

Shares of NYSE VIST opened at $54.06 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.61 and a current ratio of 0.62. The firm has a fifty day moving average of $50.35 and a 200 day moving average of $44.55. The firm has a market cap of $5.64 billion, a PE ratio of 7.95, a PEG ratio of 2.03 and a beta of 0.82. Vista Energy has a one year low of $31.63 and a one year high of $62.42.

Institutional Trading of Vista Energy

Several large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its position in shares of Vista Energy by 1,009.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 721 shares of the company’s stock valued at $25,000 after acquiring an additional 656 shares during the last quarter. Blue Trust Inc. increased its position in Vista Energy by 154.8% during the fourth quarter. Blue Trust Inc. now owns 3,091 shares of the company’s stock worth $150,000 after purchasing an additional 1,878 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Vista Energy during the second quarter worth about $163,000. Kapitalo Investimentos Ltda acquired a new position in Vista Energy in the 3rd quarter valued at about $202,000. Finally, Channing Global Advisors LLC boosted its holdings in Vista Energy by 47.6% in the 2nd quarter. Channing Global Advisors LLC now owns 4,534 shares of the company’s stock valued at $217,000 after purchasing an additional 1,462 shares during the last quarter. 63.81% of the stock is currently owned by hedge funds and other institutional investors.

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.