NuVista Energy (TSE:NVA) Given New C$19.50 Price Target at CIBC

NuVista Energy (TSE:NVA) had its price objective increased by research analysts at CIBC from C$18.00 to C$19.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 45.20% from the stock’s previous close.

A number of other brokerages have also recently commented on NVA. TD Securities decreased their price objective on NuVista Energy from C$17.00 to C$16.00 in a research note on Tuesday, October 1st. 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 boosted their price target on NuVista Energy from C$14.00 to C$19.00 in a report on Monday, December 16th. National Bank Financial downgraded NuVista Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, Cormark raised NuVista Energy to a “strong-buy” rating in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$16.69.

NuVista Energy Stock Up 1.0 %

TSE NVA opened at C$13.43 on Friday. The stock has a fifty day moving average of C$13.36 and a 200-day moving average of C$12.76. The stock has a market capitalization of C$2.77 billion, a P/E ratio of 8.34, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. NuVista Energy has a 52 week low of C$9.59 and a 52 week high of C$14.86. The company has a debt-to-equity ratio of 15.03, a quick ratio of 0.78 and a current ratio of 0.90.

Insider Activity

In other NuVista Energy news, Senior Officer Michael Lawford sold 17,348 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of C$12.57, for a total transaction of C$218,064.36. Also, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of C$14.30, for a total value of C$71,500.00. Over the last quarter, insiders have sold 168,764 shares of company stock valued at $2,262,806. 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.