US LNG exports surge but will buyers in China turn up?
Investing.com - Jefferies lowered its price target on Vista Oil & Gas, S.A.B. de C.V. (NYSE:VIST) to $69.00 from $71.00 on Friday, while maintaining a Buy rating on the stock.
The price target reduction follows Vista’s second-quarter 2025 results, which prompted a 6% decline in the company’s share price on Friday.
Jefferies noted that Vista’s quarterly results signaled a strategic shift, with the company prioritizing cash flow, cost discipline, and deleveraging over volume growth.
The research firm trimmed its 2025-2027 EBITDA estimates for Vista by 3% to reflect the company’s new guidance.
Despite the price target reduction, Jefferies maintained its Buy rating on Vista Oil & Gas, citing the company’s strategic pivot as appropriate given oil price volatility and macroeconomic uncertainty in Argentina.
In other recent news, Vista Energy has reported significant developments in its operations, particularly in Argentina. The company announced an estimated 143 million barrels of oil equivalent in proved reserves from its 50% interest in the La Amarga Chica concession, following the acquisition of Petronas E&P Argentina S.A. (PEPASA). This acquisition, valued at $1.2 billion, involves $900 million in cash, $300 million in deferred payments, and over 7 million American Depositary Shares. Vista’s total net proved reserves, calculated on a pro forma basis including the PEPASA acquisition, amounted to 518.5 million barrels of oil equivalent as of December 31, 2024. For the first quarter of 2025, Vista Energy and PEPASA’s combined revenue from contracts with customers totaled $652.391 million, with an adjusted EBITDA margin of 69%. The acquisition is expected to enhance Vista’s scale in the Vaca Muerta shale formation, increasing its production volume by approximately 47% of its fourth-quarter 2024 production. The financing for the acquisition included a $300 million credit agreement with Banco Santander (BME:SAN). Vista’s strategic move is anticipated to be accretive, aligning with the company’s long-term plans and financial metrics.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.