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

NuVista Energy (TSE:NVA) had its target price upped by investment analysts at Scotiabank from C$18.00 to C$18.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price suggests a potential upside of 0.38% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. National Bankshares cut NuVista Energy from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from C$18.50 to C$20.00 in a report on Wednesday, October 22nd. Jefferies Financial Group cut NuVista Energy from a “buy” rating to a “hold” rating and dropped their price target for the company from C$20.00 to C$18.00 in a research report on Thursday, November 13th. BMO Capital Markets lowered shares of NuVista Energy from an “outperform” rating to a “hold” rating in a research report on Thursday, November 13th. TD Securities cut NuVista Energy from a “hold” rating to a “sell” rating and increased their target price for the company from C$17.00 to C$18.04 in a report on Wednesday, November 5th. Finally, Desjardins upgraded shares of NuVista Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 16th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$17.82.

NuVista Energy Price Performance

NuVista Energy stock traded up C$0.15 during mid-day trading on Wednesday, reaching C$18.43. The company had a trading volume of 265,782 shares, compared to its average volume of 1,506,113. The stock’s 50-day simple moving average is C$18.18 and its 200-day simple moving average is C$16.30. NuVista Energy has a 1 year low of C$10.44 and a 1 year high of C$19.08. 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 company has a market capitalization of C$3.57 billion, a P/E ratio of 11.45, a P/E/G 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.