NuVista Energy Ltd. (TSE:NVA) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• NuVista Energy Ltd. has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month price target of C$17.84.
• Analyst reports indicate mixed ratings, with four analysts holding the stock, one giving a buy rating, and three issuing strong buy ratings.
• NuVista Energy's stock performance shows a one-year low of C$10.34 and a high of C$17.04, indicating significant price volatility.

NuVista Energy Ltd. (TSE:NVA - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$17.84.

NVA has been the subject of several analyst reports. Raymond James Financial downgraded NuVista Energy from a "moderate buy" rating to a "hold" rating and set a C$17.00 target price for the company. in a research note on Thursday, July 3rd. Royal Bank Of Canada raised their price objective on shares of NuVista Energy from C$14.00 to C$16.00 and gave the company a "sector perform" rating in a research report on Monday, June 30th. National Bankshares raised their price objective on shares of NuVista Energy from C$16.00 to C$18.60 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Scotiabank raised their price target on shares of NuVista Energy from C$16.00 to C$19.00 in a report on Thursday. Finally, TD Securities lowered shares of NuVista Energy from a "buy" rating to a "hold" rating and reduced their price target for the company from C$18.00 to C$17.00 in a research report on Tuesday, September 30th.

NuVista Energy Price Performance

NuVista Energy stock opened at C$16.43 on Friday. NuVista Energy has a one year low of C$10.34 and a one year high of C$17.04. The business has a fifty day moving average price of C$15.13 and a 200-day moving average price of C$14.11. 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 firm has a market capitalization of C$3.24 billion, a P/E ratio of 9.61, a PEG ratio of 0.59 and a beta of 0.46.

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.

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