NuVista Energy (TSE:NVA) Hits New 52-Week High – Here’s What Happened

NuVista Energy Ltd. (TSE:NVA) reached a new 52-week high on Thursday . The stock traded as high as C$18.35 and last traded at C$18.33, with a volume of 243143 shares trading hands. The stock had previously closed at C$18.13.

Wall Street Analyst Weigh In

Several brokerages have commented on NVA. Scotiabank lowered their price objective on NuVista Energy from C$19.00 to C$18.00 in a research report on Wednesday, November 5th. BMO Capital Markets cut shares of NuVista Energy from an “outperform” rating to a “hold” rating in a research report on Thursday, November 13th. Jefferies Financial Group lowered shares of NuVista Energy from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$20.00 to C$18.00 in a research note on Thursday, November 13th. Desjardins raised 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 lifted their target price for the company from C$17.00 to C$18.04 in a report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NuVista Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.89.

NuVista Energy Trading Up 1.7%

The firm has a market capitalization of C$3.57 billion, a PE ratio of 11.45, a P/E/G ratio of 0.59 and a beta of 0.13. The firm has a 50 day simple moving average of C$16.51 and a 200 day simple moving average of C$15.07. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11.

About NuVista Energy

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.