NuVista Energy Ltd. (TSE:NVA - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.09 and traded as high as C$16.81. NuVista Energy shares last traded at C$16.78, with a volume of 485,114 shares.
Wall Street Analysts Forecast Growth
NVA has been the topic of a number of analyst reports. National Bank Financial raised NuVista Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. National Bankshares increased their price target on NuVista Energy from C$16.00 to C$18.60 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Raymond James Financial downgraded NuVista Energy from a "moderate buy" rating to a "hold" rating and set a C$17.00 price target on the stock. in a research report on Thursday, July 3rd. Desjardins downgraded NuVista Energy from a "buy" rating to a "hold" rating and reduced their target price for the company from C$17.50 to C$17.00 in a report on Tuesday, August 26th. Finally, TD Securities downgraded NuVista Energy from a "buy" rating to a "hold" rating and reduced their target price for the company from C$18.00 to C$17.00 in a report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$17.62.
Get Our Latest Research Report on NuVista Energy
NuVista Energy Price Performance
The firm's 50-day moving average is C$15.09 and its 200-day moving average is C$14.09. The company has a market capitalization 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. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11.
About NuVista Energy
(
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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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