Brokerages Set NuVista Energy Ltd. (TSE:NVA) Target Price at C$17.76

NuVista Energy Ltd. (TSE:NVA) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and three have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$17.76.

NVA has been the topic of a number of research analyst reports. Jefferies Financial Group downgraded shares of NuVista Energy from a “buy” rating to a “hold” rating and cut their price target for the stock from C$20.00 to C$18.00 in a report on Thursday, November 13th. BMO Capital Markets lowered shares of NuVista Energy from an “outperform” rating to a “hold” rating in a research report on Thursday, November 13th. CIBC cut shares of NuVista Energy from an “outperform” rating to a “tender” rating and dropped their target price for the company from C$20.00 to C$18.00 in a research note on Friday, November 7th. Scotiabank reduced their target price on shares of NuVista Energy from C$19.00 to C$18.00 in a research report on Wednesday, November 5th. Finally, Desjardins raised shares of NuVista Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 16th.

NuVista Energy Stock Up 0.1%

NVA stock opened at C$17.77 on Wednesday. The stock has a market cap of C$3.44 billion, a P/E ratio of 11.04, a P/E/G ratio of 0.59 and a beta of 0.17. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11. The stock’s fifty day simple moving average is C$17.72 and its two-hundred day simple moving average is C$15.93. NuVista Energy has a 1-year low of C$10.44 and a 1-year high of C$19.08.

NuVista Energy Company Profile

NuVista Energy Ltd engages in the exploration, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales. Condensate finds significant use in the heavy oil business when applied to heavy oil bitumen. It creates the viscosity needed for pipeline transportation. The Wapiti Montney area delivers the largest portion of hydrocarbon production for NuVista.