Scotiabank Increases NuVista Energy (TSE:NVA) Price Target to C$19.00

Key Points

• Scotiabank has raised its price target for NuVista Energy (TSE:NVA) from C$16.00 to C$19.00, indicating a potential upside of 15.29% from the stock's previous close.
• NuVista Energy has received mixed ratings from analysts, with three rating it as a Strong Buy, one as a Buy, and four as Hold.
• The company's stock price has fluctuated between a fifty-two week low of C$10.34 and a high of C$17.04, and it currently trades at C$16.48.

NuVista Energy (TSE:NVA - Get Free Report) had its price target raised by equities research analysts at Scotiabank from C$16.00 to C$19.00 in a research note issued on Thursday,BayStreet.CA reports. Scotiabank's price objective would suggest a potential upside of 15.29% from the stock's previous close.

NVA has been the topic of a number of other reports. Royal Bank Of Canada raised their price target on shares of NuVista Energy from C$14.00 to C$16.00 and gave the company a "sector perform" rating in a research note on Monday, June 30th. Desjardins cut 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. Raymond James Financial cut NuVista Energy from a "moderate buy" rating to a "hold" rating and set a C$17.00 target price for the company. in a report on Thursday, July 3rd. TD Securities cut 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. Finally, National Bank Financial raised NuVista Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, NuVista Energy has an average rating of "Moderate Buy" and a consensus target price of C$17.84.

NuVista Energy Price Performance

Shares of TSE:NVA traded down C$0.30 during trading on Thursday, reaching C$16.48. 207,369 shares of the company's stock traded hands, compared to its average volume of 829,044. NuVista Energy has a fifty-two week low of C$10.34 and a fifty-two week high of C$17.04. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11. The firm has a market cap of C$3.25 billion, a PE ratio of 9.64, a P/E/G ratio of 0.59 and a beta of 0.46. The company has a 50-day simple moving average of C$15.09 and a 200-day simple moving average of C$14.09.

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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