NuVista Energy (TSE:NVA) Cut to Sell at TD Securities

TD Securities lowered shares of NuVista Energy (TSE:NVA) from a hold rating to a sell rating in a research note released on Wednesday morning, MarketBeat.com reports. The brokerage currently has C$18.04 target price on the stock, up from their previous target price of C$17.00.

Several other research analysts have also recently weighed in on the stock. Scotiabank dropped their price target on shares of NuVista Energy from C$19.00 to C$18.00 in a research note on Wednesday. National Bankshares cut 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 report on Wednesday, October 22nd. Desjardins raised 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. Finally, CIBC raised their price objective on NuVista Energy from C$19.00 to C$20.00 in a research note on Wednesday, October 15th. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$18.00.

NuVista Energy Stock Performance

NVA opened at C$18.01 on Wednesday. The company’s 50 day moving average is C$15.98 and its 200 day moving average is C$14.71. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11. The company has a market cap 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 12-month low of C$10.44 and a 12-month high of C$18.20.

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.