Vista Energy to Acquire Equinor’s Vaca Muerta Stakes in US$712 Million Deal

The latest update is out from Vista Oil & Gas SAB de CV ( (VIST) ).

On February 2, 2026, Vista Energy announced a series of agreements to acquire Equinor’s interests in two core Vaca Muerta blocks, securing a 25.1% non-operating working interest in Bandurria Sur and a 35.0% non-operating working interest in Bajo del Toro, alongside related midstream arrangements. The structure includes buying Equinor’s Argentine entities and assets and then selling portions to YPF in back-to-back transactions, leaving Vista with net consideration at closing of about US$712 million, paid through a mix of cash and American Depositary Shares, plus a capped, Brent-linked contingent payment schedule. The deal will be funded with available cash and a new bank credit facility of up to US$600 million and remains subject to rights-of-first-refusal waivers from partners and Chilean antitrust approval for planned crude exports, with closing expected in the second quarter of 2026. Vista highlights the transaction as highly accretive on valuation metrics and transformational for its scale in Vaca Muerta, adding nearly 27,733 net acres, significant drilling inventory and reserves, and contributing roughly 21,869 boe/d of production by the third quarter of 2025, which would lift its pro forma output and proved reserves while supporting free cash flow targets and creating operating synergies with adjacent blocks it already operates with YPF.

The most recent analyst rating on (VIST) stock is a Buy with a $68.00 price target. To see the full list of analyst forecasts on Vista Oil & Gas SAB de CV stock, see the VIST Stock Forecast page.

Spark’s Take on VIST Stock

According to Spark, TipRanks’ AI Analyst, VIST is a Outperform.

Vista Oil & Gas demonstrates strong financial performance and valuation, supported by significant production and revenue growth. However, high leverage and cash flow challenges are notable risks. Technical indicators suggest bullish momentum, but potential for a pullback exists. The earnings call further supports a positive outlook, despite some concerns about cash flow and oil prices.

To see Spark’s full report on VIST stock, click here.

More about Vista Oil & Gas SAB de CV

Vista Energy, S.A.B. de C.V. is an independent oil and gas company listed in New York and Mexico that focuses on developing unconventional hydrocarbon resources, particularly in Argentina’s Vaca Muerta shale basin. Its portfolio emphasizes high-productivity shale oil and gas blocks, where it seeks to grow scale, reserves and cash generation through acquisitions and joint ventures with major industry players.

Average Trading Volume: 911,067

Technical Sentiment Signal: Buy

Current Market Cap: $5.77B

See more data about VIST stock on TipRanks’ Stock Analysis page.