NuVista Energy (TSE:NVA) Rating Increased to Strong-Buy at Atb Cap Markets

Atb Cap Markets upgraded shares of NuVista Energy (TSE:NVA) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

NVA has been the subject of several other reports. Desjardins lowered NuVista Energy from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$17.00 to C$16.25 in a report on Wednesday, March 19th. National Bank Financial downgraded NuVista Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. BMO Capital Markets boosted their price objective on NuVista Energy from C$18.00 to C$19.00 in a research note on Friday, December 13th. Scotiabank increased their target price on shares of NuVista Energy from C$16.00 to C$17.00 in a research report on Friday, January 17th. Finally, National Bankshares lowered shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price target on the stock. in a research report on Thursday, December 19th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, NuVista Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.54.

NuVista Energy Stock Up 4.6 %

NVA opened at C$13.36 on Tuesday. NuVista Energy has a twelve month low of C$10.34 and a twelve month high of C$14.86. The company’s 50-day moving average price is C$12.62 and its two-hundred day moving average price is C$12.47. The stock has a market cap of C$2.74 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 0.59 and a beta of 2.57. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11.

Insider Buying and Selling at NuVista Energy

In related news, Senior Officer Joshua Thomas Truba sold 28,759 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of C$14.04, for a total value of C$403,776.36. Also, Senior Officer Christopher Mark Alessandro Legrow sold 15,000 shares of NuVista Energy stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of C$13.87, for a total transaction of C$208,050.00. Insiders sold a total of 48,759 shares of company stock valued at $683,326 in the last three months. Company insiders own 20.25% of the company’s stock.

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.