NuVista Energy (TSE:NVA) Rating Lowered to “Market Perform” at BMO Capital Markets

NuVista Energy (TSE:NVA) was downgraded by stock analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued on Thursday,BayStreet.CA reports.

Several other research analysts also recently commented on NVA. Jefferies Financial Group downgraded NuVista Energy from a “buy” rating to a “hold” rating and cut their target price for the stock from C$20.00 to C$18.00 in a research note on Thursday. TD Securities downgraded shares of NuVista Energy from a “hold” rating to a “sell” rating and increased their price target for the stock from C$17.00 to C$18.04 in a report on Wednesday, November 5th. Desjardins upgraded shares of NuVista Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 16th. National Bankshares cut shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from C$18.50 to C$20.00 in a research note on Wednesday, October 22nd. Finally, National Bank Financial raised shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$17.89.

NuVista Energy Stock Performance

Shares of NuVista Energy stock traded up C$0.04 during trading hours on Thursday, reaching C$17.94. The company had a trading volume of 1,073,358 shares, compared to its average volume of 889,999. The firm has a market cap of C$3.54 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 0.59 and a beta of 0.13. NuVista Energy has a one year low of C$10.44 and a one year high of C$18.29. The company has a debt-to-equity ratio of 14.11, a current ratio of 0.87 and a quick ratio of 0.78. The business has a fifty day simple moving average of C$16.19 and a 200 day simple moving average of C$14.86.

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.