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Vista Energy is well positioned for more growth ahead, according to UBS. The investment bank upgraded its rating on the stock to buy from neutral and increased its price target by $5 to $60, which implies nearly 32% upside from Thursday's close. VIST YTD mountain VIST, year-to-date This year, shares have soared, rising more than 54%. Yet, Vasconcellos believes the market is undervaluing Vista's production potential. Of the nine analysts covering the stock, seven have issued buy or strong buy ratings, LSEG data shows.
Persons: Tasso Vasconcellos, Brent, Vasconcellos Organizations: Vista Energy, UBS, SLB, Nabors Industries Locations: Argentina's Vaca
[1/4] Workers stand next to a drilling rig in Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina November 3, 2022. It holds the world's second-largest shale gas reserves and the fourth-largest shale oil deposits. Reuters Graphics'ABOUT TO COLLAPSE'On the ground in the key Vaca Muerta shale town of Anelo the signs of strain are clear. Local and regional demand is not enough," said Ricardo Markous, president of Tecpetrol, which operates the huge Fortin de Piedra field in Vaca Muerta. There are currently around eight active fracking crews in Vaca Muerta compared to nearly 280 in the United States, Rystad said.
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