Vista Energy (NYSE:VIST) Sets New 12-Month High - Here's Why

Vista Energy, S.A.B. de C.V. (NYSE:VIST - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $59.91 and last traded at $58.93, with a volume of 61197 shares changing hands. The stock had previously closed at $58.79.

Analysts Set New Price Targets

VIST has been the subject of several research analyst reports. UBS Group restated a "neutral" rating and set a $64.00 price target (up previously from $60.00) on shares of Vista Energy in a research report on Friday, January 3rd. Bank of America reduced their target price on Vista Energy from $70.00 to $68.00 and set a "buy" rating for the company in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. lifted their price target on Vista Energy from $68.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $61.40.

Vista Energy Stock Performance

The company has a market cap of $5.68 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 0.92 and a beta of 1.71. The stock's fifty day simple moving average is $53.95 and its 200 day simple moving average is $49.80. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.48.

Hedge Funds Weigh In On Vista Energy

A number of institutional investors have recently added to or reduced their stakes in VIST. Commonwealth Equity Services LLC raised its holdings in shares of Vista Energy by 18.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 8,914 shares of the company's stock worth $405,000 after acquiring an additional 1,359 shares during the period. Rhumbline Advisers increased its position in Vista Energy by 41.0% during the second quarter. Rhumbline Advisers now owns 4,152 shares of the company's stock worth $189,000 after purchasing an additional 1,208 shares during the last quarter. Victory Capital Management Inc. raised its stake in Vista Energy by 2.6% during the second quarter. Victory Capital Management Inc. now owns 109,657 shares of the company's stock worth $4,987,000 after purchasing an additional 2,750 shares during the period. American Century Companies Inc. raised its stake in Vista Energy by 10.1% during the second quarter. American Century Companies Inc. now owns 315,438 shares of the company's stock worth $14,346,000 after purchasing an additional 28,815 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Vista Energy by 11.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 199,450 shares of the company's stock valued at $9,076,000 after purchasing an additional 20,531 shares during the last quarter. Hedge funds and other institutional investors own 63.81% of the company's stock.

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.