NuVista Energy Ltd. (TSE:NVA) Receives C$17.54 Average PT from Brokerages

Shares of NuVista Energy Ltd. (TSE:NVA) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$17.54.

A number of brokerages have weighed in on NVA. CIBC upped their price objective on shares of NuVista Energy from C$18.00 to C$19.50 in a research report on Friday, January 17th. Cormark raised NuVista Energy to a “strong-buy” rating in a report on Friday, March 7th. Desjardins lowered NuVista Energy from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$17.00 to C$16.25 in a report on Wednesday, March 19th. National Bankshares cut NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price objective for the company. in a research report on Thursday, December 19th. Finally, Jefferies Financial Group increased their target price on NuVista Energy from C$14.00 to C$19.00 in a research report on Monday, December 16th.

Insider Activity at NuVista Energy

In other news, Senior Officer Christopher Mark Alessandro Legrow sold 15,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of C$13.87, for a total value of C$208,050.00. Also, Senior Officer Joshua Thomas Truba sold 28,759 shares of the business’s stock in a transaction that occurred 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. Insiders sold 48,759 shares of company stock valued at $683,326 over the last three months. 20.25% of the stock is owned by corporate insiders.

NuVista Energy Stock Down 1.7 %

NuVista Energy stock opened at C$13.50 on Monday. The business’s 50-day moving average price is C$12.63 and its 200 day moving average price is C$12.49. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11. The firm has a market cap of C$2.76 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. NuVista Energy has a 52 week low of C$10.34 and a 52 week high of C$14.86.

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.