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 best Mexican stocks to invest in. On November 14, JPMorgan reaffirmed its Buy rating for Vista Energy, S.A.B. de C.V. (NYSE:VIST) stock and kept the $68 price target on the shares.

Two days before the analyst action, Vista unveiled a long-term growth plan aiming to boost oil production by 50% by 2030. The company’s goal is to raise total output from about 114,000 barrels of oil equivalent per day (boe/d) in 2025 to more than 200,000 boe/d by 2030.​ By 2028, Vista targets production of approximately 180,000 boe/d and expects to generate about $2.8 billion in revenue. The firm projects cumulative free cash flow of $1.5 billion over 2026–2028, which it said will be supported by increased scale and operational efficiencies.​

The plan includes accelerating drilling in Argentina’s Vaca Muerta shale formation, with up to 80–90 wells drilled per year. Annual capital expenditures are expected to be around $1.5 billion for the next three years, and management says acquisitions are not required to meet production targets.

Vista Energy, S.A.B. de C.V. (NYSE:VIST) is a Mexico-based independent oil and gas company. It focuses on the exploration and production of crude oil, natural gas, and LPG, with primary operations in both Mexico and Argentina. The company identifies, acquires, and develops oil and gas fields across Latin America.

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Disclosure: None. This article is originally published at Insider Monkey.