NuVista Energy Ltd. (TSE:NVA) Receives C$17.82 Average Target Price from Analysts

NuVista Energy Ltd. (TSE:NVA) has earned a consensus rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$17.82.

A number of equities analysts have recently weighed in on the stock. BMO Capital Markets cut shares of NuVista Energy from an “outperform” rating to a “hold” rating in a research note on Thursday, November 13th. Scotiabank raised their price objective on shares of NuVista Energy from C$18.00 to C$18.50 and gave the company a “sector perform” rating in a research note on Wednesday, January 21st. Finally, Jefferies Financial Group downgraded shares of NuVista Energy from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$20.00 to C$18.00 in a report on Thursday, November 13th.

NuVista Energy Stock Performance

Shares of NVA stock opened at C$19.04 on Monday. The business’s fifty day moving average price is C$18.69 and its 200 day moving average price is C$17.46. The firm has a market capitalization of C$3.69 billion, a PE ratio of 11.83, a P/E/G ratio of 0.59 and a beta of 0.24. The company has a debt-to-equity ratio of 17.21, a current ratio of 0.81 and a quick ratio of 0.78. 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.