Scotiabank Cuts NuVista Energy (TSE:NVA) Price Target to C$18.00

NuVista Energy (TSE:NVA) had its price objective reduced by Scotiabank from C$19.00 to C$18.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

A number of other research analysts have also recently commented on NVA. National Bankshares cut NuVista Energy from an “outperform” rating to a “sector perform” rating and increased their target price for the company from C$18.50 to C$20.00 in a research note on Wednesday, October 22nd. Desjardins upgraded NuVista Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 16th. National Bank Financial upgraded NuVista Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. CIBC boosted their target price on NuVista Energy from C$19.00 to C$20.00 in a research report on Wednesday, October 15th. Finally, TD Securities lowered NuVista Energy from a “buy” rating to a “hold” rating and cut their target price for the stock from C$18.00 to C$17.00 in a research note on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NuVista Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.00.

NuVista Energy Price Performance

Shares of TSE:NVA opened at C$18.01 on Wednesday. The company’s fifty day moving average price is C$15.98 and its 200-day moving average price is C$14.71. The firm has a market capitalization of C$3.55 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 0.59 and a beta of 0.13. NuVista Energy has a one year low of C$10.44 and a one year high of C$18.20. The company has a debt-to-equity ratio of 14.11, a current ratio of 0.87 and a quick ratio of 0.78.

About NuVista Energy

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.