NuVista Energy (TSE:NVA) Cut to Tender at CIBC

CIBC lowered shares of NuVista Energy (TSE:NVA) from an outperform rating to a tender rating in a report published on Friday,BayStreet.CA reports. They currently have C$18.00 price objective on the stock, down from their previous price objective of C$20.00.

Several other equities analysts also recently weighed in on the stock. TD Securities downgraded shares of NuVista Energy from a “hold” rating to a “sell” rating and lifted their price target for the company from C$17.00 to C$18.04 in a report on Wednesday, November 5th. National Bank Financial upgraded shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Scotiabank dropped their target price on shares of NuVista Energy from C$19.00 to C$18.00 in a report on Wednesday, November 5th. Desjardins raised NuVista Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 16th. Finally, National Bankshares downgraded NuVista Energy from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from C$18.50 to C$20.00 in a research report on Wednesday, October 22nd. Three investment 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 issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$18.00.

NuVista Energy Stock Up 0.8%

TSE NVA opened at C$18.01 on Friday. NuVista Energy has a 52 week low of C$10.44 and a 52 week high of C$18.20. 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 company has a market capitalization of C$3.55 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 0.59 and a beta of 0.13. The stock’s 50-day moving average price is C$15.98 and its 200-day moving average price is C$14.75.

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.