NuVista Energy (NVA-T) BMO Nesbitt Burns analysts made a series of ratings changes for TSX-listed energy stocks. BMO downgraded NuVista Energy to "market perform" from "outperform" with a $1.25 share target, down from $3.82. Analysts on average target the shares at $734. B
MO analyst Ray Kwan says in a note: "We believe Nuvista is better positioned this year relative to its peers due to its advantageous oil hedges. However, beyond 2020, the outlook remains murky and will likely require NuVista to outspend cash flow to reach its previous production targets, barring a significant boost in commodity prices, in our view."
April 10, 2019, that Canaccord upgraded NuVista to "buy" from "hold," when it was worth $4.71.
Oct. 24, 2019, that Desjardins kept NuVista at "buy." It was then worth $2.08.
March 10, 2020, that Raymond James analysts had cut NuVista to "market perform" from "outperform" with a $4.25 share target. The shares could then be had for 92 cents. |
