NuVista Energy Ltd. (TSE:NVA) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of NuVista Energy Ltd. (TSE:NVA) have been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$17.54.

Several research analysts have commented on the company. Scotiabank raised their target price on NuVista Energy from C$16.00 to C$17.00 in a research note on Friday, January 17th. BMO Capital Markets raised their price objective on shares of NuVista Energy from C$18.00 to C$19.00 in a research report on Friday, December 13th. CIBC upped their target price on shares of NuVista Energy from C$18.00 to C$19.50 in a report on Friday, January 17th. National Bankshares downgraded shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price target for the company. in a report on Thursday, December 19th. Finally, Desjardins cut shares of NuVista Energy from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$17.00 to C$16.25 in a report on Wednesday, March 19th.

NuVista Energy Price Performance

NuVista Energy stock opened at C$12.74 on Monday. The firm has a market capitalization of C$2.61 billion, a P/E ratio of 8.91, a PEG ratio of 0.59 and a beta of 2.57. NuVista Energy has a one year low of C$10.34 and a one year high of C$14.86. The company has a debt-to-equity ratio of 14.11, a current ratio of 0.87 and a quick ratio of 0.78. The business has a fifty day moving average price of C$12.65 and a 200-day moving average price of C$12.47.

Insider Buying and Selling

In other news, Senior Officer Joshua Thomas Truba sold 28,759 shares of the company’s stock in a transaction 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 on Friday, January 3rd. The stock was sold at an average price of C$13.87, for a total transaction of C$208,050.00. Over the last ninety days, insiders sold 48,759 shares of company stock worth $683,326. Corporate insiders own 20.25% of the company’s stock.

About NuVista Energy

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.