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

NuVista Energy (TSE:NVA) had its price objective boosted by stock analysts at Scotiabank from C$18.00 to C$18.50 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target points to a potential upside of 0.65% from the company’s previous close.

Other analysts have also issued reports about the stock. Jefferies Financial Group lowered shares of NuVista Energy from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$20.00 to C$18.00 in a research note on Thursday, November 13th. TD Securities downgraded shares of NuVista Energy from a “hold” rating to a “sell” rating and lifted their target price for the stock from C$17.00 to C$18.04 in a research report on Wednesday, November 5th. CIBC lowered shares of NuVista Energy from an “outperform” rating to a “tender” rating and decreased their target price for the company from C$20.00 to C$18.00 in a research note on Friday, November 7th. BMO Capital Markets cut NuVista Energy from an “outperform” rating to a “hold” rating in a report on Thursday, November 13th. Finally, National Bankshares lowered 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. Three investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$17.82.

NuVista Energy Trading Down 0.5%

NuVista Energy stock opened at C$18.38 on Wednesday. NuVista Energy has a one year low of C$10.44 and a one year high of C$19.08. The business’s fifty day moving average is C$18.19 and its 200 day moving average is C$16.33. The stock has a market capitalization of C$3.56 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 0.59 and a beta of 0.01. The company has a debt-to-equity ratio of 14.11, a current ratio of 0.87 and a quick ratio of 0.78.

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. It creates the viscosity needed for pipeline transportation. The Wapiti Montney area delivers the largest portion of hydrocarbon production for NuVista.