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

NuVista Energy Ltd. (TSE:NVA) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$17.82.

Separately, Scotiabank increased their price target on NuVista Energy from C$18.00 to C$18.50 and gave the stock a “sector perform” rating in a research report on Wednesday, January 21st.

NuVista Energy Stock Performance

Shares of TSE NVA opened at C$19.04 on Friday. The stock’s 50 day moving average price is C$19.00 and its two-hundred day moving average price is C$18.04. NuVista Energy has a 52-week low of C$10.44 and a 52-week high of C$19.08. The stock has a market capitalization 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 company has a quick ratio of 0.78, a current ratio of 0.81 and a debt-to-equity ratio of 17.21.

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.