NuVista Energy (TSE:NVA) Given New C$18.50 Price Target at Scotiabank

NuVista Energy (TSE:NVA) had its target price hoisted by Scotiabank from C$18.00 to C$18.50 in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group cut NuVista Energy from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$20.00 to C$18.00 in a report on Thursday, November 13th. TD Securities lowered NuVista Energy from a “hold” rating to a “sell” rating and raised their price target for the stock from C$17.00 to C$18.04 in a research report on Wednesday, November 5th. BMO Capital Markets cut NuVista Energy from an “outperform” rating to a “hold” rating in a report on Thursday, November 13th. CIBC cut NuVista Energy from an “outperform” rating to a “tender” rating and lowered their target price for the stock from C$20.00 to C$18.00 in a research note on Friday, November 7th. Finally, National Bankshares downgraded shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from C$18.50 to C$20.00 in a report on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NuVista Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$17.82.

NuVista Energy Stock Performance

NVA stock opened at C$18.48 on Wednesday. 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 has a twelve month low of C$10.44 and a twelve month high of C$19.08. The business’s fifty day moving average is C$18.19 and its 200-day moving average is C$16.32. The company has a market cap of C$3.58 billion, a P/E ratio of 11.48, a price-to-earnings-growth 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.