NuVista Energy (TSE:NVA) Rating Lowered to “Hold” at Jefferies Financial Group

NuVista Energy (TSE:NVA) was downgraded by stock analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued on Thursday,BayStreet.CA reports. They presently have a C$18.00 target price on the stock, down from their prior target price of C$20.00. Jefferies Financial Group’s price objective suggests a potential upside of 0.33% from the stock’s current price.

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

NuVista Energy Price Performance

NuVista Energy stock traded up C$0.04 during midday trading on Thursday, reaching C$17.94. 1,073,358 shares of the company were exchanged, compared to its average volume of 889,999. The firm’s 50-day simple moving average is C$16.19 and its 200-day simple moving average is C$14.86. NuVista Energy has a 1 year low of C$10.44 and a 1 year high of C$18.29. The company has a market capitalization of C$3.54 billion, a price-to-earnings ratio of 10.49, a P/E/G ratio of 0.59 and a beta of 0.13. The company has a debt-to-equity ratio of 14.11, a quick ratio of 0.78 and a current ratio of 0.87.

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.