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

NuVista Energy Ltd. (TSE:NVA) has received an average rating of “Hold” from the ten research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$17.82.

Several research firms recently weighed in on NVA. BMO Capital Markets cut shares of NuVista Energy from an “outperform” rating to a “hold” rating in a research note on Thursday, November 13th. TD Securities cut shares of NuVista Energy from a “hold” rating to a “sell” rating and increased their price target for the company from C$17.00 to C$18.04 in a research note on Wednesday, November 5th. Jefferies Financial Group lowered shares of NuVista Energy from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$20.00 to C$18.00 in a research note on Thursday, November 13th. Canadian Imperial Bank of Commerce cut shares of NuVista Energy from an “outperform” rating to a “tender” rating and dropped their target price for the company from C$20.00 to C$18.00 in a report on Friday, November 7th. Finally, Scotiabank lifted their price target on NuVista Energy from C$18.00 to C$18.50 and gave the stock a “sector perform” rating in a report on Wednesday, January 21st.

NuVista Energy Stock Performance

NuVista Energy has a 1 year low of C$10.44 and a 1 year high of C$19.08. The company has a market cap of C$3.69 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 0.59 and a beta of 0.24. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11. The company’s 50 day simple moving average is C$18.32 and its two-hundred day simple moving average is C$16.88.

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.