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NuVista Energy Upgraded to Outperform by National Bank of Canada

BY MT Newswires | ECONOMIC | 08/07/25 11:12 AM EDT

11:12 AM EDT, 08/07/2025 (MT Newswires) -- National Bank of Canada upgraded its rating on the shares of NuVista Energy (NUVSF) to outperform from sector perform while raising its price target to $18.50 from $16.00 following second-quarter results from the Western Canadian oil and gas producer.

NuVista reported second-quarter results that generally aligned with expectations, including average production of 73,600 barrels of oil equivalent per day and associated CFPS of $0.67.

NVA is poised for 37% return profile on leverage of -0.1x while trading at 3.8x 2026e EV/DACF (vs. peers 3.9x), National Bank said.

Price: 14.63, Change: +0.39, Percent Change: +2.74

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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