NuVista Energy (TSE:NVA) Sets New 12-Month High – Time to Buy?

NuVista Energy Ltd. (TSE:NVA)’s share price reached a new 52-week high on Monday . The stock traded as high as C$17.09 and last traded at C$17.02, with a volume of 168141 shares traded. The stock had previously closed at C$16.68.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. TD Securities downgraded 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 report on Tuesday, September 30th. Desjardins upgraded shares of NuVista Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 16th. Scotiabank boosted their price objective on shares of NuVista Energy from C$16.00 to C$19.00 in a research note on Thursday, October 9th. CIBC increased their price objective on NuVista Energy from C$19.00 to C$20.00 in a report on Wednesday, October 15th. Finally, National Bank Financial raised NuVista Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Three research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$18.22.

NuVista Energy Price Performance

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 business has a fifty day moving average of C$15.69 and a 200 day moving average of C$14.56. The stock has a market cap of C$3.34 billion, a PE ratio of 9.92, a P/E/G 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.