Ivan J. Condic Sells 971 Shares of NuVista Energy Ltd. (TSE:NVA) Stock

NuVista Energy Ltd. (TSE:NVA) Senior Officer Ivan J. Condic sold 971 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$13.34, for a total value of C$12,953.14.

NuVista Energy Trading Down 0.1 %

TSE NVA traded down C$0.01 on Friday, reaching C$14.14. 128,927 shares of the company were exchanged, compared to its average volume of 510,593. NuVista Energy Ltd. has a fifty-two week low of C$9.59 and a fifty-two week high of C$14.38. The stock has a market capitalization of C$2.92 billion, a P/E ratio of 9.69, a price-to-earnings-growth ratio of 0.59 and a beta of 2.83. The business’s fifty day moving average price is C$13.14 and its 200 day moving average price is C$11.89. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 15.87.

NuVista Energy (TSE:NVA) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C$0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.14). The firm had revenue of C$309.02 million for the quarter, compared to analyst estimates of C$276.00 million. NuVista Energy had a return on equity of 15.57% and a net margin of 26.88%. Analysts forecast that NuVista Energy Ltd. will post 1.3395253 earnings per share for the current year.

Analyst Upgrades and Downgrades

NVA has been the topic of a number of research reports. Desjardins cut their price objective on NuVista Energy from C$15.00 to C$14.75 and set a “buy” rating on the stock in a report on Friday, March 22nd. National Bankshares increased their price target on shares of NuVista Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a report on Friday, April 19th. CIBC lifted their price objective on shares of NuVista Energy from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Monday, April 22nd. TD Securities increased their price objective on shares of NuVista Energy from C$15.00 to C$17.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. Finally, BMO Capital Markets lifted their price objective on NuVista Energy from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$15.42.

About NuVista Energy

NuVista Energy Ltd., together with its subsidiary, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The company is involved in the development, delineation, and production of condensate, natural gas liquids, and natural gas reserves.