NuVista Energy (TSE:NVA) Hits New 12-Month High – Time to Buy?

NuVista Energy Ltd. (TSE:NVA) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$18.26 and last traded at C$18.17, with a volume of 632993 shares traded. The stock had previously closed at C$18.07.

Analyst Upgrades and Downgrades

NVA has been the subject of several recent analyst reports. Scotiabank decreased their price objective on shares of NuVista Energy from C$19.00 to C$18.00 in a research report on Wednesday, November 5th. National Bank Financial raised shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. CIBC lowered NuVista Energy from an “outperform” rating to a “tender” rating and lowered their price objective for the stock from C$20.00 to C$18.00 in a research report on Friday, November 7th. TD Securities downgraded NuVista Energy from a “hold” rating to a “sell” rating and boosted their price objective for the company from C$17.00 to C$18.04 in a research note on Wednesday, November 5th. Finally, Desjardins raised NuVista Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.00.

NuVista Energy Trading Up 1.0%

The company has a debt-to-equity ratio of 14.11, a quick ratio of 0.78 and a current ratio of 0.87. The business has a fifty day moving average of C$16.19 and a 200-day moving average of C$14.86. The company has a market capitalization of C$3.56 billion, a P/E ratio of 10.57, a PEG ratio of 0.59 and a beta of 0.13.

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.