NuVista Energy Ltd. (TSE:NVA) Given Consensus Rating of “Hold” by Brokerages

NuVista Energy Ltd. (TSE:NVA) has been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$17.82.

Several research analysts have recently issued reports on the company. Desjardins raised NuVista Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 16th. BMO Capital Markets downgraded shares of NuVista Energy from an “outperform” rating to a “hold” rating in a report on Thursday, November 13th. Scotiabank raised their target price on shares of NuVista Energy from C$18.00 to C$18.50 and gave the company a “sector perform” rating in a research note on Wednesday, January 21st. National Bank Financial downgraded shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$18.50 to C$20.00 in a research report on Wednesday, October 22nd. Finally, TD Securities cut shares of NuVista Energy from a “hold” rating to a “sell” rating and increased their price objective for the company from C$17.00 to C$18.04 in a report on Wednesday, November 5th.

NuVista Energy Stock Performance

Shares of NVA stock opened at C$19.04 on Thursday. The company has a market cap of C$3.69 billion, a P/E ratio of 11.83, a PEG ratio of 0.59 and a beta of 0.24. The business has a 50 day moving average of C$18.32 and a two-hundred day moving average of C$16.82. 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.

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.