Insider Selling: NuVista Energy Ltd. (TSE:NVA) Senior Officer Sells 21,600 Shares of Stock

NuVista Energy Ltd. (TSE:NVA) Senior Officer Joshua Thomas Truba sold 21,600 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$13.11, for a total transaction of C$283,176.00.

NuVista Energy Stock Performance

TSE NVA opened at C$13.01 on Wednesday. NuVista Energy Ltd. has a twelve month low of C$9.59 and a twelve month high of C$14.86. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 15.03. The stock has a market cap of C$2.68 billion, a P/E ratio of 8.08, a PEG ratio of 0.59 and a beta of 2.57. The company’s 50-day simple moving average is C$11.49 and its 200 day simple moving average is C$12.65.

Wall Street Analysts Forecast Growth

NVA has been the subject of several recent analyst reports. Jefferies Financial Group decreased their target price on NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating for the company in a research note on Monday, September 16th. National Bank Financial raised NuVista Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. National Bankshares raised shares of NuVista Energy from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$14.50 to C$16.00 in a research report on Monday, November 11th. Cormark raised shares of NuVista Energy to a “strong-buy” rating in a report on Monday, September 23rd. Finally, TD Securities dropped their price objective on shares of NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. Eight analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$15.97.

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.