NuVista Energy (TSE:NVA) Lowered to Hold Rating by Jefferies Financial Group

Jefferies Financial Group cut shares of NuVista Energy (TSE:NVA) from a buy rating to a hold rating in a report published on Thursday,BayStreet.CA reports. Jefferies Financial Group currently has C$18.00 target price on the stock, down from their prior target price of C$20.00.

Several other equities research analysts have also recently issued reports on the stock. CIBC cut shares of NuVista Energy from an “outperform” rating to a “tender” rating and lowered their target price for the stock from C$20.00 to C$18.00 in a research note on Friday, November 7th. National Bank Financial raised shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Scotiabank lowered their price target on shares of NuVista Energy from C$19.00 to C$18.00 in a research report on Wednesday, November 5th. Desjardins raised shares of NuVista Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 16th. Finally, National Bankshares lowered shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from C$18.50 to C$20.00 in a research note on Wednesday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$17.89.

NuVista Energy Price Performance

Shares of NuVista Energy stock opened at C$18.08 on Thursday. The stock has a market capitalization of C$3.50 billion, a P/E ratio of 11.23, a PEG ratio of 0.59 and a beta of 0.13. The business has a 50 day simple moving average of C$16.25 and a two-hundred day simple moving average of C$14.88. NuVista Energy has a 12 month low of C$10.44 and a 12 month high of C$18.29. 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.