Vista Energy ADR saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 97.
The upgrade means the stock is now outperforming 97% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Vista Energy is currently forming a ascending base, with a 17.16 entry. While it did break through today on heavier volume, as of this writing it has fallen back to the entry point. Also note that it's a later-stage base, which makes it a riskier entry point.
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Earnings Preview
One weak spot is the company's 78 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks. Earnings are scheduled to be released on our around Feb. 24.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
The company reported a 1,400% increase in earnings for Q3. Revenue growth climbed 91%, up from 78% in the prior quarter. That marks one quarter of increasing revenue increases. The company's next quarterly report is expected on or around Feb. 23.
Vista Energy earns the No. 1 rank among its peers in the Oil & Gas-International Exploration & Production industry group. Murphy Oil and Occidental Petroleum are also among the group's highest-rated stocks.
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