Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR (VIST) Stock Jumps 11.4%: Will It Continue to Soar?
Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR (VIST) shares ended the last trading session 11.4% higher at $11.40. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.5% gain over the past four weeks.
Vista Oil & Gas shares rallied on the last trading day. The bullishness could be attributed to the OPEC+ decision to trim oil output by two million barrels per day from November, which pushed crude prices to around $88-a-barrel, the highest since mid-September. In other words, high energy prices contributed to the strength of Vista, a company engaged in the identification, acquisition, and development of oil and gas fields primarily in Mexico, Argentina, Brazil, and Colombia.
This company is expected to post quarterly earnings of $0.72 per share in its upcoming report, which represents a year-over-year change of +1340%. Revenues are expected to be $305.06 million, up 74.3% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on VIST going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR is part of the Zacks Oil and Gas - Integrated - International industry. New Fortress Energy (NFE), another stock in the same industry, closed the last trading session 2.7% higher at $49.32. NFE has returned -16% in the past month.
For New Fortress Energy , the consensus EPS estimate for the upcoming report has changed -7.7% over the past month to $0.63. This represents a change of +1360% from what the company reported a year ago. New Fortress Energy currently has a Zacks Rank of #3 (Hold).
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