|Over a month ago|
Vista Oil & Gas rises 9.7% » 09:4707/2107/21/21
Vista Oil & Gas is up…
Vista Oil & Gas is up 9.7%, or 35c to $3.95.
Vista Oil & Gas upgraded to Overweight from Equal Weight at Morgan Stanley » 08:5307/2107/21/21
Morgan Stanley analyst…
Morgan Stanley analyst Bruno Montanari upgraded Vista Oil & Gas to Overweight from Equal Weight with a price target of $8.50, arguing that the stock's "valuation looks too cheap to ignore" with shares trading at an 80%-90% discount to U.S. shale peers. While he would not pick Vista to play short-term momentum given the policy challenges Argentine oil producers have historically faced to realize international oil prices, Montanari thinks that even a conservative oil price curve "could still provide a compelling growth and return opportunity," he said.