NuVista Energy Ltd. (TSE:NVA) Receives Average Rating of “Moderate Buy” from Brokerages

NuVista Energy Ltd. (TSE:NVA) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$17.76.

Several brokerages have issued reports on NVA. National Bankshares lowered NuVista Energy from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$18.50 to C$20.00 in a report on Wednesday, October 22nd. BMO Capital Markets cut NuVista Energy from an “outperform” rating to a “hold” rating in a report on Thursday, November 13th. Scotiabank reduced their price target on shares of NuVista Energy from C$19.00 to C$18.00 in a research report on Wednesday, November 5th. Desjardins upgraded shares of NuVista Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 16th. Finally, TD Securities lowered shares of 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 research note on Wednesday, November 5th.

NuVista Energy Price Performance

Shares of TSE NVA opened at C$18.17 on Wednesday. The firm has a market capitalization of C$3.52 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.59 and a beta of 0.17. The firm’s 50-day moving average price is C$17.81 and its 200-day moving average price is C$15.97. 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 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.