NuVista Energy (TSE:NVA) Price Target Raised to C$19.00

NuVista Energy (TSE:NVA) had its target price boosted by BMO Capital Markets from C$18.00 to C$19.00 in a report published on Friday morning,BayStreet.CA reports.

A number of other analysts also recently issued reports on the stock. Cormark raised shares of NuVista Energy to a “strong-buy” rating in a report on Monday, September 23rd. TD Securities lowered their target price on NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. National Bankshares upgraded shares of NuVista Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$14.50 to C$16.00 in a report on Monday, November 11th. Jefferies Financial Group lowered their price objective on NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Finally, National Bank Financial raised shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Eight research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$16.08.

NuVista Energy Price Performance

Shares of NVA opened at C$13.44 on Friday. The firm has a market capitalization of C$2.77 billion, a PE ratio of 8.35, a PEG ratio of 0.59 and a beta of 2.57. The company has a debt-to-equity ratio of 15.03, a current ratio of 0.90 and a quick ratio of 0.78. NuVista Energy has a fifty-two week low of C$9.59 and a fifty-two week high of C$14.86. The company’s 50-day moving average is C$12.16 and its 200-day moving average is C$12.74.

Insider Buying and Selling at NuVista Energy

In other news, Senior Officer Christopher Mark Alessandro Legrow sold 24,107 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$13.11, for a total value of C$316,042.77. Also, Senior Officer Kevin Garth Asman sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of C$13.50, for a total transaction of C$135,000.00. In the last 90 days, insiders sold 130,121 shares of company stock worth $1,696,927. 20.25% of the stock is owned by corporate insiders.

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.