NuVista Energy Ltd. (TSE:NVA) Given Average Recommendation of “Moderate Buy” by Brokerages

NuVista Energy Ltd. (TSE:NVA) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$17.76.

A number of brokerages have recently issued reports on NVA. TD Securities lowered NuVista Energy from a “hold” rating to a “sell” rating and lifted their price target for the stock from C$17.00 to C$18.04 in a research note on Wednesday, November 5th. Jefferies Financial Group cut shares of NuVista Energy from a “buy” rating to a “hold” rating and lowered their target price 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 report on Thursday, October 16th. BMO Capital Markets downgraded shares of NuVista Energy from an “outperform” rating to a “hold” rating in a research note on Thursday, November 13th. Finally, CIBC cut shares of NuVista Energy from an “outperform” rating to a “tender” rating and dropped their price objective for the company from C$20.00 to C$18.00 in a research note on Friday, November 7th.

NuVista Energy Trading Down 0.3%

NVA stock opened at C$18.40 on Friday. NuVista Energy has a 12-month low of C$10.44 and a 12-month high of C$19.08. The business’s 50-day moving average is C$18.17 and its 200 day moving average is C$16.24. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11. The stock has a market cap of C$3.56 billion, a price-to-earnings ratio of 11.43, a PEG 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.