Brokerages Set NuVista Energy Ltd. (TSE:NVA) Target Price at C$16.64

NuVista Energy Ltd. (TSE:NVA) has been assigned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$16.64.

A number of research firms have recently issued reports on NVA. TD Securities dropped their price target on NuVista Energy from C$17.00 to C$16.00 in a research note on Tuesday, October 1st. National Bank Financial downgraded shares of NuVista Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. National Bankshares cut 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. Cormark upgraded shares of NuVista Energy to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, BMO Capital Markets increased their target price on NuVista Energy from C$18.00 to C$19.00 in a research note on Friday, December 13th.

Insiders Place Their Bets

In related news, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of C$14.30, for a total transaction of C$71,500.00. Also, Senior Officer Joshua Thomas Truba sold 28,759 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of C$14.04, for a total transaction of C$403,776.36. In the last ninety days, insiders sold 168,764 shares of company stock valued at $2,262,806. 20.25% of the stock is owned by insiders.

NuVista Energy Stock Down 0.8 %

NVA stock opened at C$14.03 on Wednesday. The business has a fifty day moving average price of C$13.08 and a 200-day moving average price of C$12.75. NuVista Energy has a 1-year low of C$9.59 and a 1-year high of C$14.86. The stock has a market capitalization of C$2.89 billion, a P/E ratio of 8.71, 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 current ratio of 0.90 and a quick ratio of 0.78.

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.