NuVista Energy (TSE:NVA) Downgraded to “Hold” Rating by National Bank Financial

National Bank Financial downgraded shares of NuVista Energy (TSE:NVA) from a strong-buy rating to a hold rating in a report published on Wednesday morning,Zacks.com reports.

A number of other research analysts also recently issued reports on NVA. TD Securities cut their price objective on NuVista Energy from C$17.00 to C$16.00 in a research note on Tuesday, October 1st. National Bankshares cut NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 target price for the company. in a research report on Thursday. BMO Capital Markets boosted their price target on NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. Jefferies Financial Group increased their price objective on shares of NuVista Energy from C$14.00 to C$19.00 in a report on Monday, December 16th. Finally, Cormark raised shares of NuVista Energy to a “strong-buy” rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$16.64.

NuVista Energy Price Performance

Shares of NuVista Energy stock opened at C$12.33 on Wednesday. The stock has a market cap of C$2.54 billion, a P/E ratio of 7.66, a P/E/G ratio of 0.59 and a beta of 2.57. The company has a debt-to-equity ratio of 15.03, a quick ratio of 0.78 and a current ratio of 0.90. The stock’s fifty day moving average is C$12.32 and its 200 day moving average is C$12.73. NuVista Energy has a one year low of C$9.59 and a one year high of C$14.86.

Insider Buying and Selling at NuVista Energy

In other news, Senior Officer Michael Lawford sold 17,348 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of C$12.57, for a total value of C$218,064.36. Also, Senior Officer Christopher Mark Alessandro Legrow sold 24,107 shares of the business’s stock in a transaction that occurred 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. Insiders sold 130,121 shares of company stock worth $1,696,927 over the last 90 days. 20.25% of the stock is owned by 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.