JPMorgan Reaffirms Buy Rating on Vista Energy (VIST), Keeps $68 Target

Vista Energy, S.A.B. de C.V. (NYSE:VIST) is one of the champion Mexican stocks to put in. On November 14, JPMorgan reaffirmed its Buy standing for Vista Energy, S.A.B. de C.V. (NYSE:VIST) banal and kept the $68 terms people connected the shares.

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Two days earlier the expert action, Vista unveiled a semipermanent maturation program aiming to boost lipid accumulation by 50% by 2030. The company’s extremity is to rise full output from astir 114,000 barrels of lipid equivalent per time (boe/d) successful 2025 to much than 200,000 boe/d by 2030.​ By 2028, Vista targets accumulation of astir 180,000 boe/d and expects to make astir $2.8 cardinal successful revenue. The steadfast projects cumulative escaped currency travel of $1.5 cardinal implicit 2026–2028, which it said volition beryllium supported by accrued standard and operational efficiencies.​

The program includes accelerating drilling successful Argentina’s Vaca Muerta shale formation, with up to 80–90 wells drilled per year. Annual superior expenditures are expected to beryllium astir $1.5 cardinal for the adjacent 3 years, and absorption says acquisitions are not required to conscionable accumulation targets.

Vista Energy, S.A.B. de C.V. (NYSE:VIST) is simply a Mexico-based autarkic lipid and state company. It focuses connected the exploration and accumulation of crude oil, earthy gas, and LPG, with superior operations successful some Mexico and Argentina. The institution identifies, acquires, and develops lipid and state fields crossed Latin America.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.