NuVista Energy Ltd. (TSE:NVA) Receives C$15.97 Consensus Target Price from Analysts

NuVista Energy Ltd. (TSE:NVA) has been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$15.97.

NVA has been the topic of a number of recent analyst reports. Cormark upgraded NuVista Energy to a “strong-buy” rating in a research note on Monday, September 23rd. TD Securities reduced their price target on shares of NuVista Energy from C$17.00 to C$16.00 in a research note on Tuesday, October 1st. Jefferies Financial Group lowered their price objective on shares of NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating for the company in a research report on Monday, September 16th. National Bankshares raised shares of NuVista Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$14.50 to C$16.00 in a research report on Monday, November 11th. Finally, National Bank Financial upgraded NuVista Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th.

NuVista Energy Trading Down 1.3 %

Shares of TSE NVA opened at C$13.68 on Tuesday. NuVista Energy has a fifty-two week low of C$9.59 and a fifty-two 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. The company has a market cap of C$2.82 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 0.59 and a beta of 2.57. The business’s 50 day moving average price is C$11.59 and its 200-day moving average price is C$12.67.

Insider Buying and Selling

In other news, Senior Officer Christopher Mark Alessandro Legrow sold 24,107 shares of NuVista Energy stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$13.11, for a total transaction of C$316,042.77. Also, Senior Officer Michael Lawford sold 10,116 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of C$11.61, for a total transaction of C$117,446.76. Insiders have sold a total of 82,684 shares of company stock worth $1,058,399 in the last ninety days. 20.25% of the stock is owned by insiders.

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.