NuVista Energy (TSE:NVA) Lowered to Market Perform Rating by BMO Capital Markets

BMO Capital Markets cut shares of NuVista Energy (TSE:NVA) from an outperform rating to a market perform rating in a research report sent to investors on Thursday morning,BayStreet.CA reports.

A number of other brokerages have also issued reports on NVA. National Bank Financial upgraded shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Scotiabank lowered their price objective on shares of NuVista Energy from C$19.00 to C$18.00 in a research report on Wednesday, November 5th. TD Securities cut shares of NuVista Energy from a “hold” rating to a “sell” rating and upped their target price for the company from C$17.00 to C$18.04 in a report on Wednesday, November 5th. Desjardins upgraded shares of NuVista Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 16th. Finally, National Bankshares lowered NuVista Energy from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from C$18.50 to C$20.00 in a report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$17.89.

NuVista Energy Trading Up 1.0%

TSE:NVA opened at C$18.08 on Thursday. The company has a market capitalization of C$3.50 billion, a PE ratio of 11.23, a P/E/G ratio of 0.59 and a beta of 0.13. NuVista Energy has a 52-week low of C$10.44 and a 52-week high of C$18.29. The stock’s 50 day moving average price is C$16.25 and its 200 day moving average price is C$14.88. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11.

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.