NuVista Energy Ltd. (TSE:NVA) Given Consensus Recommendation of “Hold” by Analysts

Shares of NuVista Energy Ltd. (TSE:NVA) have earned an average recommendation of “Hold” from the ten research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$17.82.

Several equities analysts recently commented on the stock. BMO Capital Markets lowered shares of NuVista Energy from an “outperform” rating to a “hold” rating in a research report on Thursday, November 13th. Desjardins upgraded shares of NuVista Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 16th. Canadian Imperial Bank of Commerce downgraded shares of NuVista Energy from an “outperform” rating to a “tender” rating and cut their target price for the company from C$20.00 to C$18.00 in a research note on Friday, November 7th. TD Securities lowered 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 research note on Wednesday, November 5th. Finally, Jefferies Financial Group downgraded shares of NuVista Energy from a “buy” rating to a “hold” rating and decreased their target price for the company from C$20.00 to C$18.00 in a research note on Thursday, November 13th.

NuVista Energy Price Performance

NuVista Energy stock opened at C$19.04 on Thursday. 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 stock has a market capitalization of C$3.69 billion, a P/E ratio of 11.83, a P/E/G ratio of 0.59 and a beta of 0.24. The firm’s 50-day moving average is C$18.32 and its two-hundred day moving average is C$16.82. NuVista Energy has a 12-month low of C$10.44 and a 12-month high of C$19.08.

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.