Bank of America Securities analyst Leonardo Marcondes has maintained their bullish stance on VIST stock, giving a Buy rating on February 20.
Leonardo Marcondes has given his Buy rating due to a combination of factors that highlight Vista Oil & Gas SAB de CV’s strong performance and potential. The company’s production levels have shown significant growth, with a notable increase in oil and natural gas output, driven by the successful tie-in of 25 new wells. This production boost is indicative of Vista’s strategic operational advancements and positions the company well for future growth.
Furthermore, Vista’s management has a proven track record and is well-aligned with minority shareholders, which instills confidence in their ability to navigate the market effectively. Additionally, the improving regulatory environment in Argentina presents a favorable backdrop for the company’s operations. These elements, combined with Vista’s high exposure to the lucrative Vaca Muerta region, underpin Marcondes’s positive outlook and the Buy rating.
Marcondes covers the Energy sector, focusing on stocks such as Vista Oil & Gas SAB de CV, YPF Sociedad Anonima, and Ultrapar Participacoes SA. According to TipRanks, Marcondes has an average return of -3.1% and a 46.15% success rate on recommended stocks.
In another report released on February 20, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $65.40 price target.