NuVista Energy (TSE:NVA) Sets New 52-Week High - What's Next?

Key Points

• NuVista Energy Ltd.'s shares reached a new 52-week high at C$16.81, with a current trading price of C$16.78, indicating strong market interest.
• Analysts have mixed views on the stock, with target prices ranging from C$16.00 to C$18.60, and ratings varying from "Strong Buy" to "Hold".
• The company has a market cap of C$3.31 billion, suggesting a solid presence in the oil and natural gas sector within the Western Canadian Sedimentary Basin.

NuVista Energy Ltd. (TSE:NVA - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$16.81 and last traded at C$16.78, with a volume of 485114 shares trading hands. The stock had previously closed at C$16.53.

Analysts Set New Price Targets

A number of research firms have recently commented on NVA. National Bankshares upped their target price on NuVista Energy from C$16.00 to C$18.60 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Desjardins cut NuVista Energy from a "buy" rating to a "hold" rating and dropped their price objective for the stock from C$17.50 to C$17.00 in a research note on Tuesday, August 26th. National Bank Financial upgraded NuVista Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Royal Bank Of Canada upped their price objective on shares of NuVista Energy from C$14.00 to C$16.00 and gave the stock a "sector perform" rating in a research note on Monday, June 30th. Finally, Raymond James Financial cut NuVista Energy from a "moderate buy" rating to a "hold" rating and set a C$17.00 target price on the stock. in a research report on Thursday, July 3rd. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$17.62.

NuVista Energy Price Performance

The stock has a 50 day moving average of C$15.05 and a 200-day moving average of C$14.07. 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 company has a market cap of C$3.31 billion, a PE ratio of 9.81, a price-to-earnings-growth 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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