NuVista Energy (TSE:NVA) Price Target Raised to C$18.50

NuVista Energy (TSE:NVA) had its price target upped by Scotiabank from C$18.00 to C$18.50 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

NVA has been the topic of several other research reports. National Bankshares cut NuVista Energy from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$18.50 to C$20.00 in a research report on Wednesday, October 22nd. Desjardins upgraded NuVista Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 16th. TD Securities lowered NuVista Energy from a “hold” rating to a “sell” rating and upped their price objective for the stock from C$17.00 to C$18.04 in a report on Wednesday, November 5th. BMO Capital Markets cut NuVista Energy from an “outperform” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, Jefferies Financial Group lowered shares of NuVista Energy from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$20.00 to C$18.00 in a research report on Thursday, November 13th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$17.82.

NuVista Energy Trading Up 0.3%

Shares of NuVista Energy stock opened at C$18.44 on Wednesday. NuVista Energy has a 52-week low of C$10.44 and a 52-week high of C$19.08. 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$18.20 and its 200-day simple moving average is C$16.37. The firm has a market cap of C$3.57 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 0.59 and a beta of 0.01.

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. It creates the viscosity needed for pipeline transportation. The Wapiti Montney area delivers the largest portion of hydrocarbon production for NuVista.