NuVista Energy (TSE:NVA) Upgraded at Desjardins

Desjardins upgraded shares of NuVista Energy (TSE:NVA) from a hold rating to a moderate buy rating in a research report report published on Thursday morning,Zacks.com reports.

A number of other analysts also recently issued reports on the company. National Bank Financial upgraded NuVista Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. CIBC lifted their price target on NuVista Energy from C$19.00 to C$20.00 in a research report on Wednesday. TD Securities downgraded NuVista Energy from a “buy” rating to a “hold” rating and dropped their price target for the company from C$18.00 to C$17.00 in a research report on Tuesday, September 30th. Scotiabank lifted their price target on NuVista Energy from C$16.00 to C$19.00 in a research report on Thursday, October 9th. Finally, Raymond James Financial downgraded NuVista Energy from a “moderate buy” rating to a “hold” rating and set a C$17.00 price target for the company. in a research report on Thursday, July 3rd. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$18.07.

NuVista Energy Stock Performance

Shares of NVA opened at C$15.88 on Thursday. The company has a market cap of C$3.13 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 0.59 and a beta of 0.46. 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 has a 50-day moving average price of C$15.32 and a 200-day moving average price of C$14.21. NuVista Energy has a 12-month low of C$10.34 and a 12-month high of C$17.04.

About NuVista Energy

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.