NuVista Energy Ltd. (TSE:NVA) Receives Average Rating of “Hold” from Analysts

Shares of NuVista Energy Ltd. (TSE:NVA) have been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$17.82.

Separately, Scotiabank boosted their price objective on NuVista Energy from C$18.00 to C$18.50 and gave the stock a “sector perform” rating in a research report on Wednesday, January 21st.

NuVista Energy Stock Performance

TSE:NVA opened at C$19.04 on Friday. NuVista Energy has a 12-month low of C$10.44 and a 12-month high of C$19.08. The firm has a market cap of C$3.69 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 0.59 and a beta of 0.24. The company has a current ratio of 0.81, a quick ratio of 0.78 and a debt-to-equity ratio of 17.21. The stock has a fifty day moving average price of C$18.96 and a 200 day moving average price of C$17.92.

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. It creates the viscosity needed for pipeline transportation. The Wapiti Montney area delivers the largest portion of hydrocarbon production for NuVista.