Goldman Sachs
May 11, 2026
Vista Energy New 2026-30 Outlook Unveiled
Single Stock ReportEquitiesCommoditiesEnergy
Goldman Sachs maintains a Buy rating on Vista Energy (VIST) with an increased target price of $86.20 following new 2026-30 guidance that incorporates the recent Equinor asset acquisition.
Key Takeaways
- 1.Vista Energy unveiled updated 2026-2030 guidance following the acquisition of Equinor's stakes in Bandurria Sur and Bajo del Toro oil fields.
- 2.Goldman Sachs remains Buy rated on Vista, viewing it as a high-quality Vaca Muerta operator with a strong M&A track record.
- 3.Goldman's production estimates for 2026-2028 are 4-9% above the company's own revised guidance.
Table of Contents
- Highlights of the new guidance
- Thesis in charts
- Changes to estimates
- Valuation and key risks
- Disclosure Appendix
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Authors
Bruno Amorim, CFAGuilherme Costa MartinsHuama Belmonte
Securities
VIST
Themes
Shale Production GrowthInorganic Growth / M&ACost Efficiency
Regions
Latin AmericaArgentinaMexico
