NuVista Energy Ltd. (TSE:NVA) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of NuVista Energy Ltd. (TSE:NVA) have been assigned an average rating of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, one has issued a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-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 subject of a number of analyst reports. CIBC downgraded shares of NuVista Energy from an “outperform” rating to a “tender” rating and decreased their price objective for the stock from C$20.00 to C$18.00 in a research report on Friday, November 7th. Desjardins upgraded NuVista Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 16th. Scotiabank lowered their price target on NuVista Energy from C$19.00 to C$18.00 in a research report on Wednesday, November 5th. TD Securities lowered NuVista Energy from a “hold” rating to a “sell” rating and raised their price objective for the company from C$17.00 to C$18.04 in a report on Wednesday, November 5th. Finally, Jefferies Financial Group cut NuVista Energy from a “buy” rating to a “hold” rating and cut their price objective for the company from C$20.00 to C$18.00 in a research report on Thursday, November 13th.

NuVista Energy Trading Down 0.3%

NuVista Energy stock opened at C$18.40 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11. NuVista Energy has a 12 month low of C$10.44 and a 12 month high of C$19.08. The stock’s 50 day simple moving average is C$18.17 and its two-hundred day simple moving average is C$16.24. The firm has a market cap of C$3.56 billion, a PE ratio of 11.43, a P/E/G ratio of 0.59 and a beta of 0.01.

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.