Analysts Set NuVista Energy Ltd. (TSE:NVA) Price Target at C$16.64

NuVista Energy Ltd. (TSE:NVA) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$16.64.

A number of research firms have weighed in on NVA. National Bank Financial downgraded NuVista Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. BMO Capital Markets raised their price objective on NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. Jefferies Financial Group upped their target price on NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. Cormark upgraded shares of NuVista Energy to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, National Bankshares lowered shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price objective for the company. in a report on Thursday, December 19th.

NuVista Energy Price Performance

NVA stock opened at C$13.59 on Wednesday. The firm has a 50 day simple moving average of C$13.24 and a two-hundred day simple moving average of C$12.75. The stock has a market cap of C$2.80 billion, a PE ratio of 8.44, a P/E/G ratio of 0.59 and a beta of 2.57. NuVista Energy has a one year low of C$9.59 and a one year high of C$14.86. The company has a debt-to-equity ratio of 15.03, a current ratio of 0.90 and a quick ratio of 0.78.

Insider Activity at NuVista Energy

In other news, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of NuVista Energy stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of C$14.30, for a total value of C$71,500.00. Also, Senior Officer Michael Lawford sold 9,513 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$13.00, for a total value of C$123,669.00. Insiders sold 168,764 shares of company stock worth $2,262,806 in the last three months. 20.25% of the stock is owned by insiders.

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.